Posted on November 12, 2014 at 12:27 pm by Collin Eaton in
Asia,
Deals,
featured,
Refining |
Phillips 66 is ending its ties to its refining business in Asia with a deal announced Wednesday to sell its 47-percent stake in a Malaysian refinery for $635 million in cash.
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More than half of the 200 or so cyber-attacks reported to the Department of Homeland Security’s industrial control systems emergency response team have targeted energy companies, and and economic espionage cases have more than doubled in the last 18 months.
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Posted on November 10, 2014 at 3:59 pm by Collin Eaton in
Gulf oil spill,
Legal issues |
A federal judge on Monday refused to oust the claims administrator in charge of dispensing BP’s oil spill settlement money to Gulf Coast claimants, despite BP’s criticisms in recent months.
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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 2:30 pm by Collin Eaton in
Deals,
Natural gas liquids,
Technology |
Marrying rigs, pipes and processing plants doubled Anadarko Petroleum Corp. production in Colorado’s Wattenberg field, so the oil company is betting $1.5 billion it will work again in West Texas.
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Posted on November 5, 2014 at 7:06 pm by Collin Eaton in
Deals,
Legal issues,
Pipelines |
A Delaware state judge denied a request by investors to delay a shareholder vote on Kinder Morgan’s $44 billion deal to fuse all of its companies.
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Houston-based drilling rig contractor Hercules Offshore has told Texas regulators it will lay off 324 employees as it shuts down four rigs in the Gulf of Mexico.
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Posted on October 31, 2014 at 2:55 pm by Collin Eaton in
Electricity,
ERCOT,
Wind |
Increased electric resources should keep the Texas power grid sufficiently supplied through the expected colder-than-normal winter season, officials for the state’s grid operator said Friday.
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Posted on October 31, 2014 at 11:16 am by Collin Eaton in
Crude oil,
Deals,
featured,
Hydraulic fracturing |
Wildcatter Aubrey McClendon’s oil and gas startup in West Texas may be the latest venture in the Permian Basin to beckon for Wall Street investors, sitting astride one of the most lucrative U.S. shale plays.
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Posted on October 30, 2014 at 7:12 pm by Collin Eaton in
Corporate governance,
Legal issues,
LNG |
Cheniere Energy has reached a pre-settlement pact with investors that will put restraints on pay after CEO Charif Souki’s $142 million annual takehome had outpaced every other U.S. CEO’s last year.
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Posted on October 30, 2014 at 7:51 am by Collin Eaton in
Finance/Earnings,
Oil field services
National Oilwell Varco saw higher demand for rig equipment and aftermarket services.
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