Archives for 2017
CenterPoint and Houston strike deal on proposed rate increase
CenterPoint Energy reached an agreement with several Gulf Coast cities to raise gas distribution rates for the second time in two years for than 1 million customers. But CenterPoint, a Houston-based transmission and distribution monopoly, struck...
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Companies exit Canadian oil sands
Some of the world’s biggest oil companies are getting out of the Canadian oil sands. Companies have sold $24 billion in drilling rights in the sands in just the last five months, according to a...
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Permian Basin again surges in rig count
The Permian Basin almost highhandedly led another big jump this week in the amount of rigs actively drilling for oil and gas. West Texas’ Permian saw 12 drilling rigs added to the oil patch this...
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Oil price impact of U.S. strike in Syria depends on scope of conflict
Oil prices on Friday pared gains after the U.S. missile strike against a Syrian air base sent prices up 2.4 percent to nearly $53 a barrel overnight. The U.S. crude benchmark edged down to $51.93...
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Is oil and gas finally embracing digital?
According to the consultants who whisper in the ears of oil and gas executives, the energy industry is on the brink, finally, of embracing the digital world. “Digital” has been a buzzword in the energy...
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