IHI E&C terminates dozens of Houston employees this week
The energy engineering and construction company houses its IHI E&C subsidiary in Houston’s Energy Corridor. Fewer than 100 of the company’s roughly 400 Houston-area jobs were cut, although IHI declined to provide specific numbers. Source:...
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Oil settles above $50 a barrel for first time since June
Crude oil settled above $50 a barrel for the first time since June, pushed higher by solid demand, falling U.S. stockpiles of petroleum products, and OPEC’s promise to cut production. West Texas Intermediate, the U.S....
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Market Currents: 33 U.S. LNG cargo exports and counting…
Happy Nonfarm Friday Eve! Prices are pushing on for yet one more day, under the gravitational pull of another informal producer meeting – this time in Istanbul next week for certain OPEC members and Russia....
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How oil companies can make money at $50 a barrel
By Ryan Maye Handy Some oil and gas companies working in West Texas’ Delaware Basin have discovered a recipe for profit despite lower oil prices, combining luck, foresight and risk, according to a recent study...
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Oil climbs above $50 for first time since June
Oil climbed above $50 a barrel in New York for the first time since June as declines in U.S. crude inventories and OPEC’s pledge to reduce supply fanned hopes the global glut may clear. Futures...
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