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Colorado drillers dodge $10 billion-a-year threat to output

Oil and natural gas explorers from Anadarko Petroleum to Synergy Resources have escaped a vote in Colorado that would’ve limited drilling and threatened to halt about $10 billion worth of oil and natural gas production a year. A proposal known as Initiative No. 78, which would’ve restricted drilling ...

Williams names 3 independent directors amid proxy fight

Williams Cos., facing a proxy battle over board seats with former director Keith Meister, appointed three independent directors who will stand for election at the company’s November annual meeting. Stephen W. Bergstrom, Scott D. Sheffield and William H. Spence will take their seats immediately, Tuls ...

Doubts linger over potential OPEC deal

Oil declined amid doubts that producers will agree to stabilize the market when suppliers meet next month for informal talks. Futures decreased as much as 1.8 percent in New York after rising the previous two sessions. Iran’s plan to continue boosting crude output until it regains its pre-sanctions ...

Look past OPEC freeze hype to really understand oil’s advance

For all the feverish speculation of OPEC action that’s roiling oil markets, the real reason for crude’s recent recovery probably lies elsewhere. Oil futures have rallied more than 10 percent since the Organization of Petroleum Exporting Countries said it would hold informal talks in Algeria in late ...

Blackstone finds an oil Narnia in west Texas

By Liam Denning Gadfly If you happen to find a battered, exhausted oil baron slumped in a dark corner (and who doesn’t from time to time?), just whisper this one word in their ear to revive them: “Permian.” This shale basin, which stretches across northwestern Texas and into a port ...

Oil above $48 on OPEC freeze hopes

Oil traded above $48 a barrel as Saudi Arabia’s energy minister said an output freeze would be positive for the market and after a report that Iran will attend an informal meeting next month. Futures fluctuated in New York after rising 1.2 percent Thursday. A freeze will signify that producers are c ...

As oil stablizes, merger deals are back

Multibillion-dollar oil and gas deals are back on the table. More than $11 billion of transactions were announced globally in July as crude’s recovery fueled hopes of a steadier market, Wood Mackenzie said. That’s the highest monthly total this year and brings the amount since May to $32 billion, tr ...

Aramco IPO on track as Saudi Arabia weighs best road ahead, minister says

The initial public offering of Saudi Arabian Oil Co. remains on track while the government considers how to meet all its objectives from the sale of a stake in the world’s biggest oil company, the kingdom’s Energy Minister said. Saudi Arabia hopes to list the company, also known as Saudi Aramco, in ...

Iran minister to join OPEC production talks

Iran’s Oil Minister Bijan Namdar Zanganeh will participate in an informal meeting of OPEC members next month in Algiers, a state news service reported. Producers from the Organization of Petroleum Exporting Countries will meet on the sidelines of an energy policy group in the Algerian capital next m ...

Another glut looms: Solar industry boosts panel production

Solar manufacturers that are ramping up production now face a looming glut of panels, forcing companies to adjust or face dire consequences. Trina Solar, Canadian Solar and  JinkoSolar Holding Co. are among the suppliers boosting output at factories that will expand global capacity by 18 percent thi ...

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