Archives for February 2018
Houston chemical firms Huntsman, LyondellBasell giving back to investors
Houston petrochemical companies Huntsman Corp. and LyondellBasell announced increases in their dividend payouts to investors on Friday after each firm posted strong profits at the end of 2017. Source: FuelFix
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Borr Drilling to acquire Houston's Paragon Offshore
Bermuda offshore drilling company Borr Drilling Ltd. has agreed to acquire Houston’s Paragon Offshore Ltd. for about $232.5 million as part of its push to consolidate the drilling rig market, the company announced Thursday. Source:...
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CenterPoint's earnings boosted by $1.1 billion tax benefit
Houston’s CenterPoint Energy reported on Thursday dramatic profit increases for 2017 and the fourth quarter, driven by a $1.1 billion boost from corporate tax cuts. Source: FuelFix
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Crude inventories fall, prices rise
U.S crude stockpiles fell unexpectedly last week, driving prices higher as demand for petroleum remains strong. Source: FuelFix
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Tax reform boosted CVR Energy profits in 2017
Sugar Land refiner and petrochemicals maker CVR Energy on Thursday reported that higher profit margins and federal tax reform substantially boosted its earnings last year. Source: FuelFix
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