Houston-based FMC Technologies (NYSE: FTI) is opening a 55,000-square-foot facility in San Antonio, according to the San Antonio Economic Development Foundation (SAEDF). The expansion brings 160 new jobs to the city over the next three years. 119 more words
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The danger of stimulus-induced bubbles is starting to play out in the market for energy-company debt.Since early 2010, energy producers have raised $550 billion of new bonds and loans as the Federal Reserve held borrowing costs near zero, according to Deutsche Bank AG. 161 more words
Amid falling oil prices, ConocoPhillips (NYSE: COP) said Dec. 8 its capital budget for 2015 is $13.5 billion, down about 20 percent from its 2014 budget of $16.7 billion.The Houston-based company said the decrease reflects reduced spending on major projects, several of which are nearing completion, and deferred spending on North American unconventional plays. 26 more words
- The oil markets have hit multi-year lows on unsubstantiated theories about a supply glut and fears of cooling demand.
- Meanwhile, the geopolitical risks around the world have oddly disappeared in H2 2015.
Oil market analysts are debating if oil will fall to $50. In North Dakota, prices are already there.Crude sold at the wellhead in the Bakken shale region in North Dakota fell to $49.69 a barrel on Nov. 116 more words