Story by Reuters Exxon Mobil Corp’s (XOM) push to persuade workers at its Beaumont, Texas refinery to sign a five-year contract, nearly twice as long as the last one, is part of an effort to avert labor stoppages during a possible expansion that could make it the largest such plant in the United States, sources familiar with refinery operations said.
View PDF of Slides – Download the Source Video File If you glance through both recent and past editions of Bloomberg’s Analyst Rankings, a familiar name appears on many of the lists. Michael Carey, Chief Economist (North America) for Credit Agricole Corporate and Investment Bank, is recognized by Bloomberg as one of the top macroeconomic forecasters and is the second-best forecaster of
Evolution Petroleum Corporation (NYSE MKT: EPM) today reported additional detail regarding operating results for the quarter ended December 31, 2014. Dividend on Common Stock Last week we declared a quarterly cash dividend payable to common stock at the end of March 2015 in the amount of $0.05 per share. When the board of directors first adopted payment of cash dividends
A proposal is being heard by the Colorado Senate Committees of Agriculture, Natural Resource, & Energy Thursday regarding compensation for mineral owners whose property value is reduced due to regulations limiting hydraulic fracturing. The bill is one of many being considered in Colorado during state’s ongoing discussion about fracing. The bill states that the owner of any land which has
Rosneft’s CEO blamed OPEC for the crash in oil prices putting pressure on the Russian economy Igor Sechin, CEO of state-run energy giant Rosneft (ticker: RNFTF), made a rare appearance in London for the International Petroleum Week event where he blamed OPEC for the current low prices hurting Russia and other oil exporters. “OPEC has lost its teeth,” Sechin said
Approval of the Keystone XL pipeline has passed the U.S. Congress, will head to the desk of President Obama The Republican-led Congress passed legislation regarding TransCanada’s (ticker: TRP) Keystone XL pipeline. In a 270-152 vote, Congress decided to approve the pipeline which has been on hold for more than six years. The bill will now make its way to the
NATURAL GAS INVENTORY (Week Ended 2/6/15) Current: 2,268 Bcf Actual Injection/(Withdrawal): (160) Bcf Economist Average Estimate: (168) Bcf Previous: 2,428 Bcf Click here for the chart with five year averages. Click here for an archive of EnerCom’s Inventory Reports. ANALYST COMMENTARY KLR Group Supply/demand trends Over the past four weeks, gas-fired power demand has been trending up ~1.1 Bcfpd y/y,
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