Archives for February 2017
Cheniere Energy turns first quarterly profit with LNG exports
Exporting liquefied natural gas is officially profitable for the first time, Houston’s Cheniere Energy reported Tuesday. After becoming the first U.S. company to begin exporting LNG early last year, Cheniere on Tuesday reported its first...
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Mixed verdict in National Oilwell Varco, M-I Swaco noncompete case
A Harris County jury on Monday delivered a mixed verdict in a contentious fight between two Houston energy services companies over trade secrets, confidentiality and a noncompete agreement. The case, which has stretched...
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Shell backs away from new oil sands development
Royal Dutch Shell Plc is unlikely to take on new oil-sands projects as it maintains a grip on costs after crude’s crash forced competitors to write down Canadian reserves. While Shell’s existing oil-sands operations generate...
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U.S. power grid records largest gain since 2011
The amount of generating capacity on the U.S. power grid grew last year by its largest amount since 2011, the U.S. Energy Information Agency reported Monday. The agency reported that more than 60 percent of the...
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Enbridge completes acquisition of Houston’s Spectra Energy
Calgary-based Enbridge completed its $28 billion acquisition of Houston’s Spectra Energy on Monday to create arguably North Americas largest network of oil and gas pipelines. Enbridge already has replaced the Spectra signage at the old...
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