Tesoro in $6.4 billion deal to buy Western Refining
By Rye Druzin San Antonio Express-News Tesoro Corp. is buying El Paso-based Western Refining for $4.1 billion in a transaction that adds three new facilities to the San Antonio company’s portfolio and makes it the...
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Commentary: Seismic surveys play significant role in offshore drilling
By Andy Radford A decisive majority of American voters – 80 percent – support increased production of U.S. oil and natural gas, including 94 percent of Republicans, 76 percent of Independents and 71 percent of...
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Noble Energy cuts 60 jobs, mostly in Houston
Noble Energy recently cut 60 jobs, mostly in Houston, reducing staff levels in exploration and geoscience. The job cuts come as the Houston driller shifts resources to its most lucrative offshore exploration efforts and tries...
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Oil companies press House to cap ethanol blend below 10 percent
The fight over the federal ethanol mandate that has pitted corn farmers and oil refineries against one another is not taking a break now Donald Trump is heading to the White House. Executives from BP...
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Market Currents: OPEC hopes offset EIA inventory builds
Oil is rallying for a second consecutive day, despite a bearish-tilted EIA report. As more weight is placed on behind-the-scenes OPEC meetings, financial positioning is shifting bullish once more. Hark, here are six things to...
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