Edition:
United States

Braden Reddall

California takes aim at 'ducks' to smooth move to green power

Dec 23 2013

SAN FRANCISCO, Dec 23 From Daffy to Donald, the animation studios of Southern California have long portrayed ducks as just for laughs, but a graphical incarnation of the bird making the rounds in the state's power sector is being taken very seriously indeed.

Fluor's NuScale lands U.S. govt funding for new small reactors

Dec 12 2013

Dec 12 NuScale Power LLC, a nuclear technology firm majority-owned by Fluor Corp, said on Thursday it had secured U.S. Department of Energy funding to develop small nuclear reactors just over a year after missing out in a previous award round.

California fracking law offers groundwater protection: regulator

Nov 15 2013

SAN FRANCISCO California regulators said on Friday an enhanced monitoring regime for oil and gas production that is part of the state's new fracking regulations would shore up groundwater protection, a top concern in the growing state.

Transocean says onshore cuts to yield lower 2014 costs

Nov 07 2013

Nov 7 Transocean Ltd, the world's largest offshore drilling contractor, is going through a "painful" process to reduce onshore expenses and expects to see a drop in costs next year as a result, executives said.

Transocean posts surprise profit rise

Nov 06 2013

Transocean Ltd , owner of the world's largest offshore drilling fleet, reported on Wednesday a larger-than-expected third-quarter profit due to increased demand for its rigs and higher rates, sending its shares up 2 percent.

Halliburton raises dividend as it trims oilfield costs

Nov 06 2013

Halliburton Co on Wednesday increased its dividend by 20 percent as the oilfield services company laid out plans to boost North American profit margins by 2 percentage points next year through cost reductions alone.

Frost fund manager sees 2014 North America energy capex up 10 percent

Nov 06 2013

HOUSTON North American energy companies are expected to spend 10 percent more next year as they drill shale wells requiring bigger hydraulic fracturing jobs in order to maximize recovery of oil and gas, a U.S.-based portfolio manager said on Tuesday.

Frost fund manager sees 2014 North America energy capex up 10 percent

Nov 05 2013

HOUSTON North American energy companies are expected to spend 10 percent more next year as they drill shale wells requiring bigger hydraulic fracturing jobs in order to maximize recovery of oil and gas, a U.S.-based portfolio manager said on Tuesday.

Weatherford to cut debt by up to $5 billion in two years

Nov 05 2013

Weatherford International will cut its debt by up to $5 billion in the next two years as it boosts cash flow and divests assets, the oilfield services company's CEO said on Tuesday.

Weatherford to cut debt by up to $5 billion in two years

Nov 05 2013

Weatherford International will cut its debt by up to $5 billion (£3,115,847,198.85) in the next two years as it boosts cash flow and divests assets, the oilfield services company's CEO said on Tuesday.

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