Westlake Chemical to buy Axiall for $2.3B to end proxy battle
The roughly $2.3 billion deal, or $3.8 billion including the acquisition of debt, is a big increase from the previous $1.6 billion bid. Westlake President and CEO Albert Chao had long coveted the Atlanta-based petrochemical...
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Nigerian militants claim blast of another oil pipeline
WARRI, Nigeria — Nigerian militants say they have blown up another crude pipeline owned by Italian oil company Agip. The Niger Delta Avengers announced the early-morning blast in Bayelsa state in a tweet Friday. The...
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With clean power plan stayed, congressional leaders offer states conflicting advice
The Obama administration’s plan to slash carbon emissions from the power sector might be stayed in the federal courts, but that doesn’t done anything to quiet debate in Congress. With the so-named Clean Power Plan...
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Texas utility panel decries ‘deceptive,’ confusing electricity marketplace
The state Public Utility Commission is currently investigating ways to make the electricity shopping experience less onerous and confusing without greatly restricting the types of offers companies can make. The commission is looking at ways...
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Wood Group Mustang moves into Mexico with new JV
Wood Group Mustang is partnering with Mexico City-based Grupo Diavaz to create the new Mustang Diavaz joint venture. The goal is to build one of the nation’s strongest energy engineering and construction firms as Mexico...
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