News
Ensco buying Houston’s Atwood Oceanics for $840 million
Ensco said it will buy Houston’s Atwood Oceanics for about $840 million in a pairing of struggling deepwater drillers. London-based Ensco, which has operational headquarters in Houston, said it’s acquiring Atwood in an all-stock deal...
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U.S. rig count up in 19th straight weekly increase
Drillers dispatched another seven oil and gas rigs to U.S. fields over the past week, Baker Hughes said Friday, marking the rig count’s 19th consecutive weekly increase. That increase brought the nation’s active rig count...
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Fire at Anadarko oil tank site kills worker, injures 3
A fire at an oil tank battery owned by Anadarko Petroleum Corp. killed one worker and injured three others in Colorado on Thursday afternoon, authorities and the company confirmed. Contracted workers were doing maintenance work...
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Saudi Arabia’s Motiva plans for billions in Texas growth
Saudi Arabia’s Motiva Enterprises said it plans to spend billions of dollars more to expand its Port Arthur Refinery — already North America’s largest — and grow more in the petrochemical and refining sectors. Motiva,...
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Market Currents: OPEC – The Hangover
No sooner had the dust settled after the conclusion of the latest OPEC meeting (with oil traders selling the market like hot cakes), we got Saudi oil minister Khalid Al-Falih saying that exports to the US...
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