Archives for May 2017
Brazil, Mexico vie for new oil ventures as governments roll back red tape
Underneath vast salt structures off Brazil lies a $2.3 trillion lake of oil. The oil basins in deep ocean waters east of Rio de Janeiro are so porous and prolific that wells there pump nearly...
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Huntsman’s Venator Materials Corp. preps for IPO
The spinoff of Huntsman Corp.’s pigments and additives business is moving forward with an upcoming initial public offering, although the date has not yet been announced. Huntsman’s new Venator Materials Corp. filed with the U.S. Securities...
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Rubicon Oilfield International acquires downhole products supplier
Houston-based Rubicon Oilfield International acquired Choice Completions Systems, LLC, an oilfield equipment supplier, for an undisclosed sum. RELATED: Rubicon Oilfield International acquires oilfield products supplier Choice, also a Houston-based company, was established in 2016 and provides exploration...
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Analysts warm to Apache’s Alpine High
Analysts may be slowly changing their tunes on Apache Corp.’s giant Alpine High discovery, after a skeptical first few months. Apache announced the Permian Basin find in September, worth an estimated 15 billion barrels of...
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Market Currents: Saudi crude exports show April pullback
Crude is rebounding into the weekend after yesterday’s solid dose of the WBWs (whoop-bang-wallops, lest we forget). Although prices are now mired below their 200-day averages, after dropping ~15 percent from mid-last month, some bargain-hunting...
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