Calpine posts $295 million profit, but lower earnings guidance
Houston-based Calpine reported a $295 million profit for the third quarter, but the power generator still didn’t rake in as much money during the hot summer as hoped. As such, Calpine lowered it earnings guidance...
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In Permian Basin, Chevron aims to build a “well factory”
Chevron Corp.’s sprawling portfolio includes massive deep-water platforms, multibillion-dollar gas facilities and footholds in dozens of countries. But in a conference call on Friday, executives made it clear Chevron’s future has become closely tied to...
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GE talking partnerships with Baker Hughes as oil slump endures
General Electric Co. is holding discussions with Baker Hughes Inc. on potential partnerships that would bring together an industrial equipment behemoth with one of the oil industry’s largest service providers. The talks are ongoing but...
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Market Currents: OPEC oil exports hit record high last week
Wax on, wax off; oil prices are rallying after selling off for the last three days, egged on by yesterday’s supportive inventory report and and the ebb and flow of OPEC hope. Hark, here are...
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Profit surges for Valero’s pipeline subsidiary
By Rye Druzin, San Antonio Express-News Valero Energy Partners’ third-quarter profit surged 65.6 percent, exceeding Wall Street expectations. “We successfully integrated the operations of the Meraux and Three Rivers terminals into our system and remain...
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