Archives for 2017
Cameron president leaves Schlumberger for Flowserve
Scott Rowe is leaving his post leading Schlumberger’s Cameron Group in order to take over the chief executive role at Dallas-based Flowserve Corp. oilfield services firm. Rowe assumed the president and CEO role at Houston-based Cameron...
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Wind power surpasses coal in European energy market
Wind has surpassed coal as a major energy source in Europe for the first time ever, according to an analysis of 2016 advancements in renewable energy from WindEurope, an industry trade group. Last year, wind...
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Dynegy closes deal with Engie to acquire power plants
Houston-based Dynegy Inc. has closed its deal with French energy company Engie to acquire 17 power plants around the country, including six plants in Texas. The deal closed on Tuesday. The Federal Energy Regulatory Commission...
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Occidental posts $272 million in losses, far better than year prior
Occidental Petroleum Corp. significantly narrowed its fourth quarter loss as it wrapped up another difficult year, but one that was far better than 2015, the company reported Thursday. Oxy said it lost $272 million in...
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Market Currents: US Gulf Coast oil inventories reach record
Today’s price action has been a case of sell the rumor, buy the (bearish) fact, as the affirmation of a gargantuan crude build from today’s weekly EIA report has stoked some buying interest. All we...
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