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End to Houston’s Oil Bust
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The Greater Houston Partnership has at last declared the end of the oil bust with almost all of the city’s major energy companies back in the black, ramping up spending and hiring to reflect higher crude oil prices and stronger profit margins…
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Mega Oil and Gas Projects Making a Comeback
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Investors are about to find out whether the world’s largest oil companies have learned their lesson from $80 billion of cost blowouts in major projects during the era of $100 crude….
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Exxon in support of Permian Highway Pipeline
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ExxonMobil Corp. plans to support the proposed Permian Highway Pipeline (PHP) Project, signing a letter of intent for subsidiary XTO Energy to contract for as much as 450,000 dekatherms/day of capacity on the pipeline…
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Shelf Drilling lands 6 month contract continuation for the “Resourcefulâ€
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Shelf Drilling, contractor of 40 jack-ups, on Thursday said that it had obtained a six-month contract for the jackup “Resourceful.†Shelf said the contract was a six-month extension in direct continuation of its current contract for drilling operations offshore Nigeria…
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Maersk separates drilling division in its next step to exit energy industry
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A.P. Moller-Maersk has decided to list its drilling unit separately, marking its latest step toward a complete exit from the energy industry. Copenhagen-based Maersk, which owns the world’s biggest shipping operations and is working on turning itself into a pure transport company, said on Friday that the decision will take effect some time next year…
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