(AP file photo/Mark Lennihan)

Producers collect $7.8 billion as Wall Street rushes back to oil

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Wall Street investors in the past two months have pumped $7.75 billion into 16 separate stock-market equity fund-raises for oil companies like Noble Energy, Newfield Exploration, Encana Corp. and Oasis Petroleum, according to Tudor, Pickering, Holt & Co. and Credit Suisse.
(Apache Corp.)

BP signs $12B deal to develop Egypt gas field

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BP said in a statement Friday that the investment is “a vote of confidence in Egypt’s investment climate.”
Categories: Deals, Middle East
(AP Photo)

Dynegy scraps California sales

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On Tuesday, the company reported a net loss of $104 million in the fourth quarter of 2014. It had a $91 million loss during the same period a year ago.
Warren Buffett -- chairman, president & CEO of Berkshire Hathaway -- gestures during a 2013  interview.  (AP Photo/Nati Harnik, File)

Warren Buffett’s firm sells Exxon Mobil shares

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Berkshire Hathaway increased its holdings in Suncor Energy and Phillips 66 among other companies.
Categories: Deals, Finance/Earnings
(PETER PARKS/AFP/Getty Images)

China considering merging state-owned oil companies

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The country’s leaders have asked government economic advisers to study the possible mergers, the Wall Street Journal said, citing unidentified officials familiar with the research.
(AP file photo/Hasan Jamali)

Saudi-Dow Chemical moving forward on $20 billion plant

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Saudi Arabia, the world’s largest crude exporter, started the petrochemical project in 2011 when oil averaged $111 a barrel.
Siemens CEO Joe Kaeser (Getty Images)

Siemens bid for Dresser-Rand faces in-depth EU investigation

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The proposed deal may reduce competition for equipment used by companies active throughout the oil and gas distribution chain, including exploration, storage and refining, the European Commission said in an e-mailed statement today.
(Nabors)

C&J Energy drops price for Nabors fracturing unit by $250 million

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C&J Energy Services is slashing the price it will pay for Nabors Industries’ hydraulic fracturing unit by $250 million in cash, it said Monday, in a move to cut the debt it will have to take out amid low oil prices.
Photographer: Ty Wright/Bloomberg

Lucas Energy seeks merger with West Texas oil company

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The two companies said they could make money on the expected $1.1 million in monthly revenue from oil production in the Eagle Ford Shale even if oil prices were at $50 a barrel.
(Michael Stravato/The New York Times)

Houston-based LNG start-up announces Louisiana plans

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HOUSTON — A start-up focused on developing small-scale liquefied natural gas export facilities says it’s taking a step forward in its plans to develop a Louisiana plant. Live Oak LNG said it will develop the LNG export facility with a capacity of 5 million tonnes per annum. Live Oak is a subsidiary of Parallax Energy, […]