Energy Business

Tropical Storm Harvey Takes Aim at Gulf Coast Refineries

U.S. oil refineries have been processing more than 17 million barrels of oil a day for the past several weeks. More than half that total, about 9.4 million barrels a ...
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Why Energen Could See a Handy Buyout Premium, If It Wanted To

Independent oil and gas exploration outfit Energen Corp. (NYSE: EGN) has seen its share of outside news lately. Its shares have been holding up better than many other oil and ...
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Dakota Access Pipeline Builders Sue Greenpeace, Others on Racketeering Charges

By the time oil began flowing in the Dakota Access Pipeline (DAPL), the pipeline's owner, Energy Transfer Partners L.P. (NYSE: ETP) and its general partner, Energy Transfer Equity L.P. (NYSE: ...
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BHP Billiton to Sell Assets It Never Should Have Purchased

In 2011, mining giant BHP Billiton Ltd. (NYSE: BHP) coughed up $20 billion to acquire onshore U.S. energy assets primarily in the Haynesville and Eagle Ford shale plays. Elliott Management ...
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Big Oil May Be Safest Bet for the Rest of 2017: 4 to Buy Now

While investors continue to stare at a stock market that has remained very pricey and overbought, the only stocks that seem to go higher are very expensive tech and momentum ...
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French Energy Giant Total Acquires Maersk Oil in $7.5 Billion Deal

Paris-based oil supermajor Total SA (NYSE: TOT) said Monday that it has agreed to pay $4.95 billion in stock and assume $2.5 billion in debt to buy Maersk Oil, a ...
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Why Baker Hughes Now Looks So Attractive After Its GE Merger

Being in the oil and gas services business has been painful for investors of late. Many oil and gas outfits have recovered massively from the 2015 and 2016 sell-off, but ...
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Coal-Miner Peabody’s Secondary Offering Costs the Company $40 Million

Peabody Energy Corp. (NYSE: BTU) priced an underwritten secondary stock offering of 12.8 million shares after markets closed Thursday without specifying the per-share price. The shares on offer are being ...
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Energen’s Would-Be Permian Buyout — Are 2 Activist Investors Better Than 1?

It's one issue to have a well-known activist investor out calling for change and action in a company. It's a completely different issue when you get two activist firms nipping at ...
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US Gulf of Mexico Oil & Gas Lease Sales Attract $137 Million in Bids

The U.S. Bureau of Ocean Energy Management (BOEM), a division of the Department of the Interior, conducted a lease sale on nearly 76 million acres of federal offshore parcels in ...
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Nine Energy Gears Up for IPO

Nine Energy Service has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). No pricing details were given in the filing, ...
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Coal Miner Contura Withdraws IPO; Ranger Energy Prices Low

U.S. coal mining companies appear to be in a "win-some, lose-some" period right now. Peabody Energy Corp. (NYSE: BTU) emerged from bankruptcy in April, and while the stock has gained ...
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Quintana Energy Gears Up for IPO

Quintana Energy Services has registered an S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). No pricing details were offered in the filing. ...
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Preferred Sands Files for IPO

Preferred Sands has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). No pricing details were given in the filing, but ...
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Major Oil Short Interest Crumbles as Oil Reaches $50

Crude oil had traded above $50 a barrel before early March. Since then it took a big step back — but now it’s back. This was once thought as a ...
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