Archives for April 2017
Banks raise borrowing bases for some oil companies
Banks have given a handful of U.S. oil companies an extra financial boost this month, increasing the amount of money they can borrow for new drilling projects and other purposes. Lenders have recently lifted the...
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Harvest Natural Resources sells assets in Gabon, begins dissolution
The small Houston oil company Harvest Natural Resources has sold assets in Africa and started the process of liquidation and dissolution. Harvest has struggled financially for months. Last June, the firm said it was selling...
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Manufacturers worry exports will drive up natural gas prices
American manufacturing companies are worried that a boom in liquefied natural gas exports will reduce domestic supply and raise prices. The Industrial Energy Consumers of America sent a letter to Energy Secretary Rick Perry on...
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US rig count expands yet again in 13th weekly gain
Oil companies set up more drilling rigs in U.S. oil fields over the past week, expanding the nation’s rig count for the thirteenth consecutive week, Baker Hughes said Thursday. All told, drillers dispatched 11 oil...
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Perry hails Texas carbon capture project as benefiting energy and environment
The Trump administration remains committed to reducing greenhouse gases while promoting the energy industry, said Energy Secretary Rick Perry on Thursday. Perry joined Texas Gov. Greg Abbott at NRG Energy’s Petra Nova carbon capture plant...
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