(Jerry Baker/For the Houston Chronicle)

CB&I gets $2.8 billion petrochemical contract in Oman

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CB&I, which operates out of The Woodlands, will build the Liwa Plastics Industrial Complex Project for the Oman Oil Refineries and Petroleum Industries Company, called Orpic.
The Headquarters of the ENI energy company are seen in Rome, Italy, Wednesday, December 14, 2005. Gazprom would consider buying a stake in the electricity unit of Eni SpA, Europe's fourth-biggest power company, as a way to enter the Italian electricity production market, Il Sole/24 Ore reported, citing an interview with Gazprom Deputy Chief Executive Alexander Medvedev. Photographer: Chris Warde-Jones/Bloomberg News

Eni sells remaining stake in Portuguese oil firm

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The sale comes after Eni last month disposed of a 12.5 percent stake in Saipem SpA in a bid to remove Italy’s oil services company’s debt from its balance sheet.
Categories: Crude oil, Deals
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A worker uses heavy equipment to attach drilling pipe sections on an oil drilling platform operated by Tatneft OAO near Almetyevsk, Russia, on Friday, July 31, 2015. Eleven months of surviving with oil below $100 have left Russia hardened enough to endure a monthlong drop to $40 a barrel, a survey of economists showed. Photographer: Andrey Rudakov/Bloomberg

Joining Piper Jaffray in $139 million sale will help Simmons & Co. tackle new oil work

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Investment banking firm Piper Jaffray’s cash and stock offer for Simmons, announced Tuesday, would fold one of the few private, energy-centric investment banks based in Houston into a Minneapolis-based, publicly traded company.
(Daniel Acker/Bloomberg)

Pair of DJ Basin pipelines joining into single project

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The combined pipeline will run from Colorado to the oil logistics hub in Cushing, Oklahoma more than 550 miles away.
(AP Photo/Pat Sullivan, File)

Regulators approve Schlumberger’s bid for Cameron

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The U.S. Department of Justice found that the transaction did not violate antitrust laws, and cleared the proposed merger without any conditions.
A worker seen at the Air Liquide factory in Moissy Cramayel, France, thursday, Feb. 22, 2007. Photographer : Fabrice Dimier / Bloomberg News

Air Liquide offers to buy Airgas in deal worth about $10.3 billion

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The Air Liquide offer comes more than four years after Airgas fended off a lengthy takeover bid from another rival, Air Products and Chemicals Inc.
Wind turbines stand in this aerial photograph taken above the Haengwon Wind Farm in Jeju, South Korea, on Sunday, June 28, 2015. South Korea’s 15 trillion won ($13.3 billion) extra budget will channel money to the medical and tourism sectors as the Park administration seeks to cushion the impact of a deadly respiratory disease. Photographer: SeongJoon Cho/Bloomberg

GE launches new renewable energy business

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The new business unit is heavily focused on wind power and turbine manufacturing.
(Chris Ratcliffe/Bloomberg)

BP looks to sell Alabama petrochemical complex

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BP said it is focusing more on world-scale, low-cost facilities that utilize BP proprietary technology.
(Jeff Kowalsky/Bloomberg News)

Marathon ups “final offer” for MarkWest, bringing deal to $1.28 billion

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The move Tuesday comes just a week after Marathon offered a separate $400 million cash sweetener to the deal that has faced some investor resistance and tumbling stock values for both Marathon’s acquiring entity, the MPLX pipeline spinoff, and MarkWest. Former MarkWest CEO John Fox has rallied opposition against the deal.
Badar Khan, President & CEO, Direct Energy, speaks at the 2014 IHS CERAWeek conference in Houston, Texas, U.S., on Thursday, March 6, 2014. (F. Carter Smith/Bloomberg)

Direct Energy buys Panoramic Power energy management company

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The $60 million deal will help boost Direct’s offering to help businesses and industrial plants better manage and monitor their energy usage.