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Vistra approaches Dynegy about takeover: report

Vistra Energy, a Dallas power generator and retail electricity company, is considering a bid to takeover the Houston merchant power company Dynegy, according to news reports. The Wall Street Journal, citing unnamed sources, reported that Vistra has approached Dynegy about a takeover that could creat ...

OPEC moving closer to ending oil glut, says cartel’s chief

Oil-producing nations are moving closer toward ending a global glut and re-balancing the crude market, and OPEC will decide next month whether to extend its cuts in output beyond June, the group’s Secretary-General Mohammad Barkindo said. The Organization of Petroleum Exporting Countries and other m ...

West Texas oil production outgrowing pipeline capacity

Oil production in West Texas is about to outgrow pipeline capacity, a combination that knocked down crude prices in the region three years ago. West Texas Intermediate crude at Midland, Texas, the heart of the Permian Basin, sank this month to the lowest level since September. It’s the weakest for t ...

Dakota Access cleared for speedy approval

The controversial Dakota Access pipeline is set to win the final go-ahead for completion after President Donald Trump asked for a speedy approval. The U.S. Army said it will grant Energy Transfer Partners LP the easement it needs to finish the line that will ship almost half a million barrels of cru ...

BP misses profit estimates

BP Plc reported fourth-quarter earnings that missed analyst estimates after higher oil prices failed to fully compensate for lower income from refining. Profit adjusted for one-time items and inventory changes totaled $400 million, falling short of the $567.7 million average estimate of analysts. Un ...

Can Rex Tillerson leave Exxon behind?

WASHINGTON — Out of a thicket of politicians, TV cameras and reporters strode Rex Tillerson — with security guards at his side and a photographer running to keep up — into the office of Senate Majority Leader Mitch McConnell. Tillerson, however, had to wait, milling in the reception area in full vie ...

Exxon boosts bid for InterOil; still not enough for prime opponent

Exxon Mobil Corp.’s offer to raise its bid for InterOil Corp. to as high as $3.9 billion isn’t enough to pacify the deal’s most prominent opponent. InterOil founder Phil Mulacek, who left in in 2013 and remains the third-largest shareholder, said Exxon still isn’t offering shareholders full value fo ...

By Mark Curriden of The Texas Lawbook Oklahoma City-based SandRidge Energy Inc. has agreed to pay a $1.4 million fine after the U.S. Securities and Exchange Commission accused the bankrupt oil and gas company of firing an internal whistleblower who questioned how company officials calculated its pub ...

Oil recovers early losses after Trump victory

Oil erased losses as global markets adjusted to Republican Donald Trump’s election as the 45th U.S. president. Futures were little changed in New York, reversing an earlier decline of 4.3 percent. Turbulence in financial markets calmed and a knee-jerk selloff of risky assets abated as Trump, 70, pro ...

Williams’ $3 billion shale pipeline hits another bump

Williams Partners LP is facing yet another setback for a $3 billion pipeline project that would carry natural gas out of shale formations in the eastern U.S. The Federal Energy Regulatory Commission said Thursday that it’ll give landowners until Nov. 14 to comment on new route alternatives for parts ...

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