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U.S. drillers add the most oil rigs in a week since June: Baker Hughes

Reuters Staff NOVEMBER 10, 2017 / 12:18 PM / 3 DAYS AGO
Monday, November 13, 2017

Reuters (11/10, DiSavino) reported that “US energy companies added the most oil drilling rigs in week since June as crude prices traded up to their highest levels since the summer of 2015,” as the energy services firm Baker Hughes said drillers brought 9 oil rigs on line during the week of November 10, “bringing the total count up to 738.” The overall rig count “is still much higher than a year ago when only 452 rigs were active.” The Houston Chronicle (11/10, Eaton) reported that the total US rig count, counting oil and gas, “climbed to 907 across the United States, with oil rigs accounting f . . .


Oil Recovery Drives Texas Firms To Hire 30,000 Workers In Past Year.

By Collin Eaton Updated 10:36 am, Monday, November 6, 2017
Tuesday, November 7, 2017

The Houston Chronicle (11/6, Eaton) reports, “Texas oil companies have hired more than 30,000 workers over the past year, a sharp turnaround after they laid off a third of the industry’s statewide workforce during the oil bust.” The number of oil and gas workers in the state “reached more than 222,000 in September, up 16 percent from about 192,000 in the same month last year, the lowest point since the Great Recession in 2009.” The article quotes a statement by Ingham’s Texas Petro Index, “a measure of activity in the business of pumping oil from the earth,” saying, “Crude oil prices in Texas . . .


U.S. shale producers promise both higher output and returns

#BUSINESS NEWSNOVEMBER 3, 2017 Ernest Scheyder
Monday, November 6, 2017

Reuters (11/3, Scheyder) reported, “US shale producers are telling investors impatient for better returns that they can keep boosting oil output aggressively and do so while still making money for shareholders.” Investors have “pushed top US shale companies to focus on returns, rather than higher output, a move that threatened to slow the breakneck growth in supply sparked by the shale revolution in the world’s top oil consumer.” Reuters added that “at least seven of the largest US shale companies, including Noble Energy Inc and Devon Energy Corp , forecast 10 percent or better production gain . . .


Bloomberg: US Chemicals Industry “Rocketing Back.”

November 3, 2017, 3:00 AM CDT By: Jack Kaskey
Monday, November 6, 2017

Bloomberg News (11/3, Kaskey) reported that after enduring years of under-investment, the US chemical industry is revitalized. “Today,” Bloomberg wrote, “Dow, Exxon Mobil Corp., and Chevron Phillips Chemical Co. are putting the finishing touches on multibillion-dollar factories along the Texas Gulf Coast,” and each are “part of $185 billion in proposed and recently completed investments.” The article quoted Vertical Research Partners Chemical Industry Analyst Kevin McCarthy saying, “The US is punching above its weight at the moment “in the chemical sector. An IHS Markit report is cited saying . . .


Manufacturing Entrepreneurs: Tales of Taking the Leap

Steve Minter | Oct 12, 2017
Friday, October 13, 2017

What does it take to found a manufacturing company in the United States? Try disruptive ideas, tenacity and a desire to make it in America for a start. “I know from very hard won experience that start-ups are enormously difficult and risky and chances are you’re not going to succeed,” says Kevin Czinger, the CEO of Divergent 3D, a company developing new technology for the automotive industry. “You’re always playing against the odds.”

Czinger’s “hard won experience” is based on co-founding CODA Automotive in 2009 to sell a new electric car. The company was only able to sell about 100 c . . .


DowDuPont Announces Plans For New Ethylene, Plastics Plants On Texas Gulf Coast.

Jordan Blum, Houston Chronicle Updated 8:28 am, Thursday, September 21, 2017
Friday, September 22, 2017

The newly merged DowDuPont said Thursday it's opening its new ethylene and plastics plants in Freeport, making the nation's largest chemical giant the first to start up a major ethylene complex along the Texas Gulf Coast. The complex is the crown jewel of the old Dow Chemical's recent $6 billion expansion along the Gulf Coast. The chemical company will go back to being just Dow once DowDuPont splinters out into three separate companies in a year or so.

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