News
General Electric shutting East Houston manufacturing operations
GE did not immediately provide details on job losses, but the industrial giant confirmed it is transferring work from the East Houston complex where it primarily manufactures power generators and gas turbines. About 600 people...
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Commentary: Are presidential hopefuls ignoring real issues of renewable fuels?
The debate over policy governing renewable fuel requirements has intensified recently. Powerful interest groups have ignited a divisive battle to influence policy-makers. When it comes to this year’s election, renewable fuels continue to be well-supported,...
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Oil extends drop as U.S. drillers return, OPEC sees more supply
Oil extended declines following the biggest drop in more than a month after U.S. producers increased drilling and OPEC boosted its estimate for rivals’ production next year. Futures slid as much as 2.5 percent in...
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135 oil companies are on edge of bankruptcy. So why is that good news?
First, the bad news: At least 135 oil and gas companies are still in deep trouble, according to Debtwire Analytics, a New York company that studies debt and predicts coming bankruptcies and restructuring. On top...
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Obama administration halts Dakota pipeline work
The Obama administration halted work on a stretch of land where Energy Transfer Partners LP is building its controversial Dakota Access oil pipeline, a move that could threaten to thrust the fate of the project...
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