While TransCanada’s $8 billion project hangs in the balance, Canadian oil is already moving south The landslide Republican victory in this month’s midterm elections will prompt changes in the business of politics and in the U.S. economy, but will they include the Keystone XL pipeline? The House of Representatives approved the Keystone pipeline earlier today by a count of 252-161, with
Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI) have begun preliminary talks of a merger, Dow Jones reported on November 13, 2014. BHI confirmed the report later in the evening but did not make any guarantees as to the completion of the merger. “Baker Hughes does not intend to comment further on market speculation or disclose any developments unless and until it
Denbury Resources Inc. (DNR) (“Denbury” or the “Company”) today announced that senior management will discuss key elements of the Company’s plans for 2015 at its annual analyst day on Tuesday, November 18. Among others, topics will include the following: Reducing capital spending by 50% in 2015 to $550 million Targeting relatively flat production for 2015 Increasing annual dividend rate by
During a two-day conference sponsored by the Federal Reserve, the European Central Bank and the Federal Reserve Bank of New York, Federal Reserve Chair Janet Yellen said it is time for the Fed to start focusing on globalization. Yellen said that the Fed’s ability to fulfill its mandates for full employment and price stability depends on understanding global markets and
A new study, released this week, by the University of Colorado in Boulder found that surfactant chemicals used for fracing are no more harmful than those in your house. The research team, which published the study in the journal Analytical Chemistry, identified the surfactants found in fracing fluid samples from Colorado, Louisiana, Nevada, Pennsylvania and Texas were no more dangerous
Republican Sen. John Hoeven of North Dakota is holding back his legislation to fast-track the Energy Department’s reviews of LNG exports for now, reports E&E News. Hoeven said he made this decision after talking to Department of Energy (DOE) head Ernest Moniz in order to garner more support for the bill before it goes to the Senate. The bill would
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