Posted on November 11, 2014 at 11:21 am by Rhiannon Meyers in
Exploration,
Finance/Earnings,
Production |
The decision underscores the wide disparity between the economics of established shale plays and younger ones.
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Kior, Inc., the Houston-area biofuels maker that hoped to tap new technology to produce clean energy, filed for bankruptcy Sunday.
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Transocean lost billions of dollars in the third quarter as it faced sinking demand for offshore rigs and as it wrote down the value of its drilling business.
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Swiss drilling contractor Transocean has written off $2.76 billion in book value for its offshore rigs as it faces falling day rates and weaker demand for deep-water drilling.
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Posted on November 6, 2014 at 10:58 am by Rhiannon Meyers in
Crude oil,
Finance/Earnings,
General |
Apache Corp. reiterated plans to double down on its positions in prolific U.S. shale plays even as crude prices continued to fall and the company’s profits slipped from last year.
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Posted on November 5, 2014 at 8:13 am by Robert Grattan in
Electricity,
Finance/Earnings |
CenterPoint Energy’s businesses posted higher operating costs and electricity distribution suffered due to milder weather.
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Posted on November 5, 2014 at 7:42 am by Robert Grattan in
Electricity,
Finance/Earnings |
In a call Wednesday, executives at NRG Energy discussed third-quarter results held back by a cool summer before offering a very hot projection for growth in the company’s home solar business.
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Posted on November 4, 2014 at 5:57 pm by Bloomberg in
Finance/Earnings,
Pipelines |
The partnership will own and operate pipelines and other assets of natural gas producer Antero Resources, including in the Marcellus Shale in West Virginia and the Utica Shale in southern Ohio.
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Posted on November 4, 2014 at 5:29 pm by Bloomberg in
Crude oil,
Finance/Earnings |
CEO William Thomas boosted EOG’s growth target for oil even in the face of a market slump
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Posted on November 4, 2014 at 11:41 am by Vicki Vaughan in
Finance/Earnings,
Refining |
Valero attributed the results to wider discounts for crude oils relative to the international benchmark crude and stronger gasoline margins in most regions.
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Marathon Oil reported a 24 percent drop in third-quarter profit, as lower crude prices offset higher production.
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Enbridge Energy Partners said that profits jumped in the quarter as the company delivered record quantities of oil in Canada and North Dakota.
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