Archives for March 2018
Investor activism pushes back on Layne Christensen sale
The planned acquisition of The Woodlands’ Layne Christensen water company by California-based Granite Construction is facing investor activism opposition from one of the top shareholders. Source: FuelFix
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$500 million expansion of Baytown steel mill announced
A $500 million expansion of a Baytown steel mill was announced Monday by Gov. Greg Abbott, a move that will add hundreds of new jobs at an average salary of $65,000. In a conference call...
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Pricier fuel blends push up gasoline prices in Houston
The cost of gasoline in Houston and across the country rose again last week as oil prices rallied and refiners continued their seasonal transition to pricier summer fuel blends. Source: FuelFix
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Steel tariffs to squeeze oil service, producer margins in West Texas, investors say
The Trump Administration’s steel tariffs will increase costs in the West Texas oil patch at a time when drillers and service firms already faced rising labor and materials costs, investors say. Source: FuelFix
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Wind farms struck blow after Energy Department pulls out of deal with Houston developer
A 700-mile transmission line project that’s supposed to deliver large quantities of electricity from Oklahoma wind farms to customers in the southeast has been another dealt a blow by the Department of Energy. Source: FuelFix
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