News
Amazon invests in massive Texas wind farm
Seattle-based Amazon is teaming up with Chicago’s Lincoln Clean Energy to build the 253-megawatt Amazon Wind Farm Texas west of Abilene in Scurry County. One megawatt typically powers 200 homes on a hot Texas day....
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Market Currents: Bearish tilt to oil market remains
Crude has just given up the ghost of a rally, as poor economic data weighs on broader market sentiment again. As the dollar rallies, despite waning rate hike hopes, crude is under pressure once more....
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Worst may be over for offshore drillers, but pain to linger
Offshore oil-rig operators, grappling with the biggest industry downturn in a generation, say they finally have the bottom in sight. The problem is, they could be stuck there for a long time. Transocean Ltd., which...
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After wage cases, energy sector makes biggest payouts to employees
For the past three decades, accommodation and food service companies accounted for nearly one-quarter of all wage and hour cases, more than any other industry. But when it comes to recovery of back pay as...
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China’s oil demand shifting to consumers, not falling, Wood Mac says
China’s oil demand isn’t really slowing — it’s just changing, and that will help global energy demand to exceed supply by the end of the years, says energy research firm Wood Mackenzie. The world’s second-largest...
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