Fuel Fix

(Daniel Acker/Bloomberg)

Wyoming oilmen diversify to survive the bust

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Casper businesses were the hub for Wyoming’s oilfields during the boom years. Today, they are rewriting business plans, reassigning machines for jobs outside the oil patch and experimenting with new product lines.

Wyoming oilmen diversify to survive the bust

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(Daniel Acker/Bloomberg)
Casper businesses were the hub for Wyoming’s oilfields during the boom years. Today, they are rewriting business plans, reassigning machines for jobs outside the oil patch and experimenting with new product lines.
Anadarko Petroleum Corporation CEO Al Walker. (Nick de la Torre / Houston Chronicle)

Anadarko Petroleum cuts dividend 81 percent

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The cut will save the company $450 million annually.
(Kristian Helgesen/Bloomberg)

Rystad: $230 billion in oil projects mothballed because of cheap crude

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That’s 38 percent higher than Rystad’s previous estimate last July, and the number of projects that have been delayed since then has risen from 40 to 63.
(David Paul Morris/Bloomberg)

Valero beats expectations with $862 million in fourth quarter earnings

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San Antonio-based Valero Energy Corp. reported a 9.5 percent drop in fourth quarter earnings that strongly outperformed what analysts were expecting from nation’s largest independent oil refiner.
(Andrey Rudakov/Bloomberg)

Crude soars on report of Russia, Saudi discussions on oil cuts

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The discussions over production cuts are likely happening now because of the severe economic pain that Russia, one of the most resource-rich nations on the planet, has felt as oil prices have crashed.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, Jan. 20, 2016. U.S. stocks surged back to pare the biggest one-day selloff in five months, with the Dow Jones Industrial Average cutting a loss of 550 points by two-thirds as investors speculated the rout that's wiped more than $15 trillion from global equities has gone too far too fast. Photographer: Michael Nagle/Bloomberg

U.S. stocks open higher on earnings, oil prices

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The price of oil rose 6 percent Thursday as the Russian government continued talks with Saudi Arabia and OPEC about cutting production.
Categories: Crude oil, featured, Markets, p2
The visor of a fire-fighter's helmet reflects a gas burn off venting pipe as he stands on the helicopter deck on the Armada gas condensate platform, operated by BG Group Plc, in the North Sea, off the coast of Aberdeen, U.K., on Thursday, Dec. 10, 2015. Royal Dutch Shell Plc got clearance from antitrust authorities in China for the takeover of BG Group Plc, removing the final regulatory hurdle for its biggest-ever deal. Photographer: Simon Dawson/Bloomberg

BG Group investors approve Shell deal

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Ninety-nine percent of BG Groups shareholders approved the deal.

Iran, Saudi exports ramp up amid talk of OPEC production cuts

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Eighty-nine years after Jean Goldkette and his Orchestra recorded ‘I’m Looking Over a Four-Leaf Clover’, and the crude complex is once again crossing its fingers and hoping for some good fortune to lift prices. Today the market is putting its faith in a coordinated cut to oil production from key producers including OPEC and Russia. […]
Categories: Crude oil
In an undated photo from a 2015 investor presentation, a Cameron International worker examines oil field separation and processing equipment produced by the Houston-based manufacturer. Schlumberger said on Aug. 26, 2015, that it would acquire Cameron in a $12.8 billion deal. (Cameron International photo)

Cameron profits tumble 43 percent

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Cameron’s subsea business posted an 85 percent increase in operating income despite lower revenues.
A worker fixes a spot weld, at the main assembly warehouse, at the Baker Hughes facility, Thursday, May 12, 2011 in Tomball, Texas. (Todd Spoth/For the Chronicle)

Baker Hughes loses $1 billion in the fourth quarter

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The company forecasts additional tough times in 2016 as crude prices remain stuck around $30 a barrel.
Wind turbines and oil pumpjack in action Tuesday, Oct. 27, 2015, north of Stanton, Texas.
(James Durbin/Reporter-Telegram)

Texas beats all other states combined in planned wind power growth

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Despite the Lone Star State’s vast number of wind farms already in operation, Texas now counts more than half of the entire nation’s wind growth currently under construction.
Categories: Texas, Wind
An Enterprise fractionator at its Mont Belvieu complex. (Enterprise Products Partners photo)

Enterprise Products cash, profit climbs in fourth quarter

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Enterprise Products Partners generated enough cash in the fourth quarter to pay its dividend 1.3 times over, the company announced Monday.
Categories: General
A sign hangs from a fence at a Kinder Morgan facility at the harbor in Los Angeles, California, August 28, 2006.  (Tim Rue/Bloomberg)

Kinder Morgan to partner with private equity on $3 billion in investment

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The deals would carve off parts of the planned $2 billion Elba Island liquefied natural gas facility and the $1.1 billion Palmetto refined products pipeline.
Categories: Deals, Pipelines
(Spencer Platt/Getty Images)

Texas service industries also feeling sting from oil price crash

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Most business owners that the Fed surveyed indicated they were becoming increasingly pesmistic about the Texas economy in the face of falling oil prices.
Categories: Crude oil, Markets, Texas