Reliance Industries Ltd., owner of the world's largest oil-refining complex, raised its offer for bankrupt LyondellBasell Industries AF to about $14.5 billion, according to two people with knowledge of the offer. Schlumberger's $11 billion merger with Smith International should mean heavy cuts for a city where the firms have more than 8,000 workers. Schlumberger's CEO says the proposed $11 billion merger with Smith International could bring new technologies and services to the challenge of extracting shale gas. Retail gas prices likely bottomed out last week, and they're again headed to above $3 a gallon this summer, experts said. More top stories BLOGS EPA Administrator Lisa Jackson issued a letter Monday in response to one from eight U.S. senators asking about here agency's plans for 2010 regarding regulating greenhouse gas emissions. The effort was in part to ease concerns from those Democratic members... Schlumberger deal, NASA changes add to city's job woes. Schlumberger/Smith could also mean a firmer foothold in shale gas projects. Demand for drilling, engineers may undercut Big Oil cost-cutting efforts. Oil traders go long for the... Calvin Tillman, the Mayor of Dish, Texas is a hero to some, a royal pain in the side to others. His small town smack in the middle of the Barnett Shale has been at the center of much dispute over... A new report from Greenwire says that the House Energy and Commerce Committee's investigation into hydraulic fracturing, a method used by natural gas drillers, isn't causing too much concern among energy industry folk. Greenwire cites one industry rep calling the... News reports today say Indian company Reliance Industries has raised its bid for LyondellBasell Industries to $14.5 billion. The reports, from Bloomberg and the Wall Street Journal, both cite people familiar with the matter. This is Reliance's third offer for... Your comments There are actually only 10 cement kilns in Texas, which is the largest cement producing and consuming state in the nation. This is of approximately 11... Help me out here: If the LEAF gets 100 mi per 24 kwh = 4.17 MPkwh; if coal is 8000 BTU/# it would produce =.936 kwh at the power plant; so you could... Wouldn't that be "unfazed"? ... More | Electricity | Fuel | Natural gas | Oil fields multimedia reports Exploring Mars — Shell's giant Gulf platform is back on track after Katrina. A Taste of Texas — Texas dude ranches help foreign tourists find their inner cowboy. Gas prices — What goes into the price of a gallon of gasoline?
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