Archives for February 2017
Market Currents: US oil, gasoline exports impact regional pricing
Oil prices are moving back toward the top of their recent trading range, looking to muster a test of resistance once more. As positivity abounds amid new intraday record highs for U.S. equity markets, hark,...
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Cameron president leaves Schlumberger for Flowserve
Scott Rowe is leaving his post leading Schlumberger’s Cameron Group in order to take over the chief executive role at Dallas-based Flowserve Corp. oilfield services firm. Rowe assumed the president and CEO role at Houston-based Cameron...
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Wind power surpasses coal in European energy market
Wind has surpassed coal as a major energy source in Europe for the first time ever, according to an analysis of 2016 advancements in renewable energy from WindEurope, an industry trade group. Last year, wind...
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Dynegy closes deal with Engie to acquire power plants
Houston-based Dynegy Inc. has closed its deal with French energy company Engie to acquire 17 power plants around the country, including six plants in Texas. The deal closed on Tuesday. The Federal Energy Regulatory Commission...
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Occidental posts $272 million in losses, far better than year prior
Occidental Petroleum Corp. significantly narrowed its fourth quarter loss as it wrapped up another difficult year, but one that was far better than 2015, the company reported Thursday. Oxy said it lost $272 million in...
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