West Newswire

West Newswire

Comprehensive Real-Time News Feed for West, TX.

Results 1 - 20 of 103 for "u:reuters.com" in West, TX

  1. Oil falls on bulging U.S. crude inventories, record global suppliesRead the original story w/Photo

    Mar 24, 2016 | Reuters

    Oil prices resumed their downward trend on Wednesday as data showed a rise in U.S. crude inventories and record supplies in the rest of the world cast doubt on OPEC's ability to cut supplies and tighten the market. U.S. West Texas Intermediate crude oil futures CLc1 were trading at $49.32 per barrel at 0052 GMT, down 24 cents, or 0.5 percent from their last close, after gaining 0.7 percent in the previous session.

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  2. East Coast refiners eye Texas oil as North Dakota alternativeRead the original story w/Photo

    Yesterday | Reuters

    FILE PHOTO: A vehicle drives next to a series of pipes at a Dakota Access Construction site near the town of Cannon Ball, North Dakota, U.S., on October 30, 2016. FILE PHOTO: Construction equipment sits near a Dakota Access Pipeline construction site off County Road 135 near the town of Cannon Ball, North Dakota, U.S. on October 30, 2016.

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  3. U.S. East Coast refiners eye Texas oil as North Dakota alternativeRead the original story w/Photo

    Yesterday | Reuters

    U.S. East Coast refiners are looking to buy increasing volumes of domestic crude oil from the Gulf Coast, two sources said, the latest twist in a trade flow upheaval in the wake of the opening of the Dakota Access pipeline. Major U.S. East Coast refiners profited from railing hundreds of thousands of barrels of discounted Bakken crude to their plants daily from 2013 until 2015.

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  4. Deals of the day-Mergers and acquisitionsRead the original story w/Photo

    Wednesday Apr 19 | Reuters

    ** Ant Financial, the payment affiliate of Alibaba Group Holding Ltd , has acquired Singapore-based payment service helloPay Group, as part of the Chinese firm's drive to boost its Alipay brand and presence in Southeast Asia. ** A Japanese government-backed fund and policy bank are considering a joint bid with Broadcom Ltd for Toshiba Corp's semiconductor business, a move that would vault the U.S. chipmaker into the lead to buy the prized unit, the Asahi newspaper said.

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  5. Centurion Midstream acquires oil transport business from Agave EnergyRead the original story w/Photo

    Tuesday Apr 18 | Reuters

    Centurion Midstream Group LLC said it acquired a petroleum marketing and transportation business that operates in West Texas from Agave Energy Holdings, a subsidiary of Lucid Energy Group. Ken Douglas, Centurion's chief financial officer, said the deal will expand the Dallas-based company's Permian Basin crude oil and condensate marketing and logistics operation.

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  6. Blackstone to buy EagleClaw Midstream for about $2 blnRead the original story w/Photo

    Monday Apr 17 | Reuters

    EagleClaw Midstream Ventures LLC said on Monday it agreed to be bought by funds managed by Blackstone Group LP for about $2 billion. EagleClaw Midstream Ventures LLC, which owns and operates natural gas pipelines and processing facilities, said the all-cash deal includes about $1.25 billion in debt, financed by Jefferies LLC. EagleClaw is the largest privately held midstream operator in the Permian's Delaware Basin in West Texas.

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  7. UPDATE 1-May U.S. shale oil output seen rising most in over 2 yearsRead the original story w/Photo

    Oct 10, 2014 | Reuters

    U.S. shale production in May was set for its biggest monthly increase in more than two years, government data showed on Monday, as producers stepped up their drilling activity with oil prices hovering at over $50 a barrel. May output is set to rise by 123,000 barrels per day to 5.19 million bpd, according to the U.S. Energy Information Administration's drilling productivity report.

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  8. Undaunted by oil bust, financiers pour billions into U.S. shaleRead the original story w/Photo

    Apr 29, 2013 | Reuters

    Investors who took a hit last year when dozens of U.S. shale producers filed for bankruptcy are already making big new bets on the industry's resurgence. In the first quarter, private equity funds raised $19.8 billion for energy ventures - nearly three times the total in the same period last year, according to financial data provider Preqin.

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  9. Investors eye midstream sector as production ramps upRead the original story w/Photo

    Mar 24, 2016 | Reuters

    Investors are placing bets that demand for U.S. energy pipelines, storage and processing facilities will outstrip supply in the next few years as the resurgence in shale oil and gas production increases. With U.S. oil prices mostly above $50 a barrel for several months and a jump in drilling activity this year, new projects are moving off the drawing boards, and backers are lining up customers.

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  10. Pipeline operator NuStar to buy Navigator Energy for $1.48 blnRead the original story w/Photo

    Tuesday Apr 11 | Reuters

    U.S. pipeline operator NuStar Energy LP said on Tuesday it would buy privately held Navigator Energy Services LLC for about $1.48 billion, as it seeks to expand into the Permian basin. Navigator owns and operates crude oil transportation, pipeline gathering and storage assets in the Permian Basin in West Texas.

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  11. RPT-Chevron pivots to Permian shale as mega-project era fadesRead the original story w/Photo

    Wednesday Apr 5 | Reuters

    Nearly a century after Chevron Corp amassed the No. 2 stake in America's largest oilfield, Chief Executive John Watson is hitting the accelerator on developing the company's vast Permian Basin holdings.

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  12. Chevron pivots to Permian shale as mega-project era fadesRead the original story w/Photo

    Wednesday Apr 5 | Reuters

    John Watson, Chevron's chairman and CEO, speaks during an interview on the floor of the New York Stock Exchange in New York, U.S. on March 8, 2017. FILE PHOTO - John Watson, CEO of the Chevron Corp., speaks during the 26th World Gas Conference in Paris, France, on June 2, 2015.

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  13. U.S. firm Cobalt threatens arbitration over Angolan oil assetsRead the original story w/Photo

    Monday Apr 3 | Reuters

    U.S. oil firm Cobalt said it would seek arbitration if Angola's state-run Sonangol failed to extend license deadlines on two deepwater blocks, a move the U.S. company said was needed to help it sell the assets. Cobalt said its efforts to find a buyer for its 40 percent stakes in Blocks 20 and 21 offshore Angola were "negatively impacted by the uncertainty surrounding the extension".

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  14. Australian state says 90 firms interested in supplying grid-scale batteriesRead the original story w/Photo

    Monday Apr 3 | Reuters

    FILE PHOTO: The logo for Australia's biggest electricity network Ausgrid adorns the main entrance to the headquarters building in central Sydney, Australia, July 25, 2016. Dozens of companies from 10 countries are vying with Elon Musk's Tesla Inc to install Australia's largest grid-scale battery to help keep the lights on in the country's most wind-dependent state.

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  15. Shipping container price spike points to global trade growthRead the original story w/Photo

    Feb 17, 2016 | Reuters

    Prices for shipping containers, the metal boxes that carry 90 percent of the world's manufactured goods, have risen to their highest since October 2015, a clear indicator that seaborne trade is increasing and should grow further this year. The Harpex Shipping Index, which tracks weekly shipping container rates, has climbed 40 percent this year to 439 points.

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  16. COLUMN-Robust China iron ore imports in March may be highwater mark: RussellRead the original story w/Photo

    Nov 3, 2015 | Reuters

    China's appetite for iron ore is likely to have continued unabated in March, but it seems increasingly likely that the first quarter of 2017 may prove to be as good as it gets this year for imports of the steel-making ingredient. China imported 90.3 million tonnes of iron ore in March, according to vessel-tracking and port data compiled by Thomson Reuters Supply Chain and Commodity Forecasts.

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  17. Exclusive: Shell and Anadarko mull clean break from Permian venture - executiveRead the original story w/Photo

    Sunday Mar 26 | Reuters

    The divorce and re-parceling of acreage would let each company drill and develop new wells at its own pace in the Permian, which has become the U.S. oil industry's hottest development area for its low operating costs as crude prices CLc1 hover under $50 per barrel. Shell and Anadarko have been discussing how to proceed after the partnership agreement expires this summer and are not likely to renew it, Greg Guidry, who oversees the Anglo-Dutch group's shale business, told Reuters.

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  18. RPT-INSIGHT-All drill, no frack: U.S. shale leaves thousands of wells unfinishedRead the original story w/Photo

    Mar 24, 2017 | Reuters

    NEW YORK, March 24 U.S. shale producers are drilling at the highest rate in 18 months but have left a record number of wells unfinished in the largest oilfield in the country - a sign that output may not rise as swiftly as drilling activity would indicate. Rising U.S. shale output has rattled OPEC's most influential exporter Saudi Arabia and pushed oil prices to a near four-month low on Wednesday.

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  19. CERAWEEK-Titans of oil world meet in Houston after 2-yr price warRead the original story w/Photo

    Mar 6, 2017 | Reuters

    The biggest names in the oil world come together this week for the largest industry gathering since the end of a two-year price war that pitted Middle East exporters against the firms that drove the shale energy revolution in the United States. When OPEC in November joined with several non-OPEC producers to agree to a historic cut in output, the group called time on a fight for market share that drove oil prices to a 12-year low and many shale producers to the wall.

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  20. Titans of oil world meet in Houston after two-year price warRead the original story w/Photo

    Apr 7, 2016 | Reuters

    The biggest names in the oil world come together this week for the largest industry gathering since the end of a two-year price war that pitted Middle East exporters against the firms that drove the shale energy revolution in the United States. When OPEC in November joined with several non-OPEC producers to agree to a historic cut in output, the group called time on a fight for market share that drove oil prices to a 12-year low and many shale producers to the wall.

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