Conoco partner tries to block sale of African offshore areas
A ConocoPhillips partner on Tuesday moved to block the sale of Conoco’s interest in offshore areas off the coast of Africa. Last month, Houston-based Conoco, the world’s largest independent oil producer, announced it agreed to sell its...
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Market Currents: Asian producers coming under pressure
Oh good. It’s only the second day of selling after the recent rampant rally, and yet we are already hearing renewed rhetoric from key producers. Iran is the subject of the latest rumors, said to...
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Should state prop up prices for power producers at expense of consumers?
Power generators that didn’t earn the usual profits from summer price spikes are asking regulators to essentially guarantee those profits by artificially inflating prices during periods of peak demand – regardless of what the free...
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Williams needs ‘Sam Zell’ of energy pipelines, Corvex says
Corvex Management’s Keith Meister said he’s looking for the “Sam Zell” of the energy pipeline industry as he plans to nominate up to 10 people for the Williams Cos. board of directors. The nominations will...
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EIA: U.S. shale oil production to fall sharply through 2017
The flow of oil from U.S. shale fields is projected by government analysts to fall 14 percent by 2017, as the reverberations of the recent crash in crude prices are felt. Production from those shale...
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