Archives for 2017
Enterprise buys up bankrupt Azure Midstream assets
Houston’s Enterprise Products Partners said it won an auction to buy the natural gas pipeline assets of the bankrupt Azure Midstream with a bid of $189 million. The auction win gives Enterprise an expanded presence in...
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The unmanned offshore production rig: A race to the bottom
The new frontier of offshore oil production is moving the above-water platform underwater. Two companies are in a race to engineer and produce the breakthrough. The German industrial technology company Siemens Corp. is building one...
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Market Currents: Low oil imports encourage inventory draw
Crude prices are rebounding today, bouncing off the trampoline of price support at $48 for WTI, $50 for Brent. A surprise draw to U.S. crude inventories (not to some) has been behind the rally (see...
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Hydro power facilities are oldest power plants in the U.S.
The oldest power generating facilities in the U.S. are hyrdoelectric plants, which are on average 64 years old. But some are even older–dating to before 1908, according to analysis by the U.S. Department of Energy....
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$40 oil? No problem as U.S. drillers snub OPEC with hedges
OPEC’s worst enemy isn’t U.S. shale drillers. It’s the hedges propping them up. American oil explorers who survived the worst of the 2014-2016 market rout are shrugging off the 14 percent slide in prices this...
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