Archives for 2017
Barry Smitherman, former Texas energy official, in running to chair FERC
WASHINGTON – Former Texas Railroad Commission chairman Barry Smitherman is under consideration to be the next chairman of the Federal Energy Regulatory Commission. Smitherman, a Houston lawyer and former Harris County prosecutor, met with President...
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Market Currents: LPG exports on the rise
Oil is getting tonked for a second consecutive day, as prices have run into resistance at the top of their trading range, sending them staggering lower once more. With record net-long speculative positioning, a couple...
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Oil companies underestimate the growth of renewables, study says
The spread of affordable electric vehicles and solar polar could halt demand for fossil fuels, like coal and oil, by 2020, upsetting the goals of big energy companies who are looking to expand, according to...
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BP misses profit estimates
BP Plc reported fourth-quarter earnings that missed analyst estimates after higher oil prices failed to fully compensate for lower income from refining. Profit adjusted for one-time items and inventory changes totaled $400 million, falling short...
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Transocean, Atwood cut 200 offshore Gulf jobs
Transocean and Atwood Oceanics eliminated about 200 combined jobs for offshore energy workers in the Gulf of Mexico as drilling rigs are either relocated or put out of work. Switzerland-based Transocean, which operates out of...
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