Category: featured

OPEC decision creates “new world of oil”

The oil industry and consumers are watching crude markets after OPEC decided not to cut supplies.  More »

Crude drops as OPEC stays course

Crude oil prices fell $5 a barrel Thursday as OPEC ministers meeting in Vienna decided not to cut production.  More »

What OPEC’s Thanksgiving meeting means for U.S. producers

The group will decide Thursday whether to maintain its current production quota of 30 million barrels of oil per day or reduce that figure in an effort to boost crude oil prices.  More »

Freeport LNG secures financing, clears way for construction

Crews are expected to begin work this week on the Brazoria County natural gas export terminal now that Freeport LNG has successfully closed on its financing commitments for two of three liquefaction trains.  More »

C&J Energy ordered to pause merger with Nabors unit

The judge ruled that during a 30-day suspension of the deal, C&J Energy’s board must shop the deal to other buyers in order to get the best price possible.  More »

American Energy snaps up more West Texas oil land for $440M

The deal, expected to close next month, would double Aubrey McClendon’s stake in West Texas.  More »

Iran may propose million-barrel daily OPEC cut in Saudi talks

Bijan Namdar Zanganeh and Saudi Arabia’s Oil Minister Ali Al-Naimi will talk on the sidelines of the OPEC meeting in Vienna.  More »

Fatal explosion came during maintenance work

The fatal explosion came nearly six months after federal drilling regulators warned that the facility had failed to maintain all equipment in a safe condition so as to ensure the protection of the lease and associated facilities.  More »

Exxon Mobil drops to No. 4 in world rankings of largest oil firms

While Exxon Mobil fell, Russian and Chinese companies gained in the rankings.  More »

Kinder Morgan investors approve $44 billion merger

The approval of the deal heralds the beginning new era for the North America’s largest midstream company.  More »

Apache sells assets in Texas, Oklahoma, Louisiana for $1.4 billion

Apache Corp. has agreed to sell assets in Texas, Oklahoma and Louisiana in two deals worth $1.4 billion, the exploration and production company announced Thursday morning ahead of a presentation to analysts.  More »

As deadline on proxy vote for major deal nears, Kinder Morgan seeks to sway investors

While Richard Kinder himself is strongly in favor of the deal, a few smaller investors have raised concerns that the move away from the tax-advantaged master limited partnership structure will cause problems.  More »

Transocean idles three more rigs, stock falls

Transocean’s fleet of deep-water drilling machines has been under pricing pressure and has faced lower demand amid falling oil prices and a glut in equipment.  More »

Senate rejects Keystone XL bill

Republican leaders are vowing to try again once they take over the chamber in January.  More »

Halliburton’s Lesar on the trail to sell $35B megadeal to investors

Halliburton CEO Dave Lesar hopped on a plane to New York on Monday, rang the bell at the New York Stock Exchange on Tuesday, and over the next two days will have no less than 16 meetings with shareholders to sell the oil-field service industry’s biggest-ever acquisition.  More »
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