News
Total forms joint venture to build Texas chemicals and plastics plants
Paris-based Total energy giant said it will form a joint venture to build major chemical and plastic plant expansions in Port Arthur and Bayport, just outside of Houston. The multibillion-dollar partnership will be 50 percent owned...
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Market Currents: Iraq oil exports show no signs of output cut
Oil prices are subdued to start the week, as the weekend’s compliance meeting has done little to allay oversupply fears. As WTI continues to trek on in forty-dollardom, hark, here are five things to consider...
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Midwestern wind farms reduce need for coal-fired power
The rise of low-cost wind power in the Great Plains region could trigger early retirements for several of the region’s coal-fired power plants, according to a report released this month by Moody’s Investors Service. Midwestern...
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U.S. drillers lock in higher oil prices in surge of hedging
Oil prices have recently edged below $50 a barrel, but several U.S. drillers have already locked in higher prices for the barrels they sell this year, a new report says. After OPEC announced it would...
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Schlumberger, Weatherford to form joint venture
Oil field service companies Schlumberger and Weatherford will form a joint venture that aims to help North American drillers pump oil and gas. The companies said on Friday the joint venture, OneStim, will specialize in...
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