Rig contractor sees demand picking up as oil reaches $50 a barrel
HOUSTON – As crude prices push higher, a major U.S. drilling rig contractor says demand for its equipment is finally picking up after a long oil bust that sidelined more than 1,500 rigs across the...
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Shell to cut more costs as a result of BG Group merger
LONDON — Energy company Royal Dutch Shell will cut more costs, more quickly than previously planned, as a result of its merger with BG Group Plc this year. The Anglo Dutch company made the announcement...
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Tough year, but energy companies top Houston Fortune 500 firms
By Emma Hinchliffe Twenty-four Houston area firms, led by energy companies, made this year’s Fortune 500 list, released Monday. But the rankings, based on 2015 revenues, also showed that energy firms took a beating last year. The...
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Market Currents: Five things to consider in oil markets today
One hundred and thirty-four years after H.W. Seely patented he first electric iron, and the crude complex is unable to get rid of the wrinkles from supply concerns. As broader markets try to recover from Friday’s...
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Gasoline prices jump with bad weather, refinery outages
The average price of a gallon of regular unleaded gasoline in Houston rose 6 cents in the past week up to $2.13, according to GasBuddy, which surveys retail gasoline prices and refinery activity. This national...
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