From Houston Business Journal Air Liquide S.A., a Paris-based industrial gas manufacturer with its U.S. headquarters in Houston, has agreed to buy a Pennsylvania-based company in a deal valued at $13.4 billion, including the assumption of debt. Airgas Inc. (NYSE: ARG), which will become a wholly owned subsidiary of Air Liquide, provides industrial gases and associated products and services in
From San Francisco Business Times Charles Schwab (NYSE: SCHW) could open a massive operations center in North Dallas, continuing the San Francisco brokerage firm’s long-running love affair with the Lone Star State. “We’re very interested in the Dallas area for future growth and have signed a lease in the Westlake area that can accommodate up to 500 employees,” Schwab spokeswoman
From San Francisco Business Times Wells Fargo said Tuesday that Tim Sloan has been named president and chief operating officer, reporting to chairman and CEO John Stumpf, effective immediately. “As we prepare for Wells Fargo’s future, Tim is an ideal choice to lead one of the best teams in banking as they accelerate investments and drive change that position us
IRVING, Texas–(BUSINESS WIRE)–Ken Cohen, vice president, Public and Government Affairs, Exxon Mobil Corporation (NYSE:XOM), has announced his intention to retire effective Jan. 1, 2016, after more than 38 years of service. It is anticipated that the board of directors will elect Suzanne McCarron as vice president, Public and Government Affairs, Exxon Mobil Corporation. McCarron is currently general manager, Public and
Inventory Backlog Reaches $40 Billion and Counting *Note: All figures in Canadian dollars unless said otherwise The Obama administration’s rejection of the Keystone XL pipeline on November 6, 2015, was not a huge surprise to the public majority following the issue that has dragged on for the better part of a decade. The timing, however, was critiqued by pro-industry siders,
Justin Trudeau, the newly elected Prime Minister of Canada, has been in office for less than two weeks but is already making waves in the nation’s energy industry. In a mandate letter to the Minister of Transport, Trudeau outlined the first steps of his policy and called for a “renewed, nation-to-nation relationship with Indigenous Peoples, based on recognition of rights,
From Time Magazine “This is not my time” Louisiana Gov. Bobby Jindal suspended his campaign for the White House Tuesday amid persistent fundraising and polling troubles. “This is not my time, so I am suspending my campaign for President,” Jindal said in a statement released as he revealed his decision on Fox News. Jindal had pinned all of his hopes
Apache Corporation (NYSE, Nasdaq: APA) is hosting a webcast today with analysts and investors to provide an update on the company’s North Sea operations, recent drilling success and views on the future potential of its portfolio in the region. “Today we will highlight the uniqueness of Apache’s global portfolio and our North Sea assets in particular. We believe our performance
Statoil is optimising its exploration portfolio and has decided to exit Alaska following recent exploration results in neighbouring leases. Statoil is committed to optimising its portfolio, strengthening financial performance, and positioning for long-term value. The leases in the Chukchi Sea are no longer considered competitive within Statoil’s global portfolio, so the decision has been made to exit the leases and
Suncor Energy released its 2016 corporate guidance today, which includes a flexible capital spending program of between $6.7 billion and $7.3 billion and average production of 525,000 to 565,000 barrels of oil equivalent per day. The guidance includes projected Suncor oil sands cash operating costs per barrel (excluding Syncrude)(1) of $27.00 to $30.00, continuing a multi-year trend that has seen
Southwestern Energy Company (SWN) today announced that it entered into a $750 million three-year term loan agreement and used its proceeds to pay down balances under its existing credit facility and commercial paper program. The term loan is unsecured and includes an interest rate calculated based upon the Company’s credit rating (currently 137.5 basis points over the current London Interbank
The new export duty in Russia will be $88.40 per ton The export duty on oil in Russia will decrease to $88.40 per ton starting December 1, Alexander Sakovich of the Russian Finance Ministry told TASS. The new export duty represents a 9% decrease from the $97.10 per ton being charged in November. Oil and gas export duties represent a
