News
Calpine plans to close Clear Lake power plant
Although there’s more talk of coal plants being shuttered in Texas, Calpine is actually moving to shut down one of its older natural gas-fired power plants. The 31-year-old Clear Lake plant has more outdated technology....
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U.S. to speed permits for drilling on federal land
U.S. officials announced plans Thursday to speed up permitting for oil and gas drilling on federal and Indian lands to reduce delays, as applications were projected to be down 40 percent versus their historical average...
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Smallest U.S. gas supply gain in a decade spurs rally
U.S. natural gas futures rallied the most in two months after a government report showed the smallest inventory gain in a decade. Gas stockpiles rose by 17 billion cubic feet last week to 3.294 trillion,...
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Exxon in talks over Eni Mozambique gas stake, sources say
Exxon Mobil Corp. is in advanced negotiations with Eni SpA over acquiring a minority stake in natural-gas discoveries off Mozambique, according to two people with knowledge of the talks. Exxon Chief Executive Officer Rex Tillerson...
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Market Currents: Iran oil exports increase into Europe
Despite a weakening U.S. dollar wafting smelling salts under the nose of the crude market, prices are still unable to pick themselves up off the canvas, heading lower for a sixth consecutive day. Hark, here...
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