Noble Corp. led a decline among offshore deep-water drilling contractors after saying the industry may be experiencing a “pause in the cycle” after years of growth fueled by oil and natural gas discoveries.
The operator of the Texas power grid, which had a close call with generating capacity when temperatures dropped earlier this month, says it has extra reserves ready for the cold snap expected Thursday and Friday.
Sen. Mark Begich of Alaska says he’s optimistic that drilling can resume in Arctic waters this summer despite a federal court ruling against the government’s handling of offshore drilling leases in the region.
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