Archives for May 2017
Exxon Mobil buying petrochemical plant for nearly $2 billion
Exxon Mobil said it will buy a massive petrochemical plant in Singapore from a financially struggling company at a discounted price. Exxon Mobil is acquiring the aromatics chemical plant, which just opened in 2014 in Singapore’s...
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Market Currents: OPEC’s losing battle?
Oil is rallying for a second consecutive day, with continued positive momentum from yesterday’s weekly inventory report, in combination with rising hopes of deeper and/or longer production cut commitments by OPEC. (OPEC cuts are starting...
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WildHorse acquires Eagle Ford properties
WildHorse Resource Development said it acquired approximately 111,000 net acres and associated production from Anadarko Petroleum Corporation and Kohlberg Kravis Roberts & Co. L.P. for $625 million, subject to closing conditions. RELATED: WildHorse Resource Development prices...
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OPEC projects surge in U.S. oil production
U.S. shale drillers could pump a lot more oil than previously expected this year, OPEC said Thursday. In a monthly report, the cartel said it has revised its 2017 forecast for oil production in countries...
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Trump administration withdraws Jones Act review
The Trump administration has withdrawn a controversial proposal that would have forced offshore oil and gas companies to give more work to American ships and crews when drilling in U.S. waters. Announced in the final days...
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