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Data shows crude oil stock drawdown tempered by builds in refined products

News

Refineries have potentially already begun shifting more production towards distillate as gasoline demand has not kept pace with production US crude oil stocks declined last week, in line with market expectations, but inventories of distillates and gasoline saw surprise builds, EIA data showed Wednesday according to S&P Global Platts. US commercial crude stocks fell 3.228 million barrels […]

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Schlumberger completes merger with Cameron

Energy Financial

Schlumberger claims merger results in oil and gas industry’s first complete drilling and production systems HOUSTON, Texas – Schlumberger Limited announced Monday that it has closed its merger with Cameron International Corporation. As previously announced, each Cameron stockholder is entitled to receive 0.716 shares of Schlumberger common stock and $14.44 in cash, in exchange for each Cameron share.

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Range Resources closes sale of Marcellus shale asset

Energy Financial

Range Resources sold working interest of 23% covering 10,900 net acres with net production of 22 Mmcf per day FORT WORTH, TX – Troubled oil and gas producer Range Resources Corporation today announced that it has completed the sale of its Bradford County, Pennsylvania non-operated assets. After purchase price adjustments based upon a Jan. 1st effective date,

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