Archives for February 2017
Shell on buying spree
The giant tankers anchored along the Scottish coast in the Firth of Forth weren’t going anywhere. They were just providing floating storage because there was no demand for their cargo, North Sea crude oil. But...
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Texas adds 16 rigs, but panhandle wins; only 2 in Permian
The number of oil and gas rigs in U.S. fields rose for the fifth straight week, another sign of optimism in the industry, despite stagnating oil prices. This week’s count jumped 10, a boom of...
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Enbridge on track to close Spectra acquisition in March
Canadian pipeline giant Enbridge is on track to close its $28 billion acquisition of Houston-based Spectra Energy in March as originally planned, the companies said. They confirmed the U.S. Federal Trade Commission signed off on...
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Market Currents: Imports, production boosting inventories
Oil is ticking lower today, under the weight of record crude and gasoline inventories, but with OPEC production cuts providing a supportive backdrop (…and peeking around the curtain). As Friday afternoon approaches, and the prospect...
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Coal leading energy source for Texas in January
Coal was the top power source for Texas in January, a spot typically held by natural gas, according to data compiled last week by the Electric Reliability Council of Texas, which oversees power for most...
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