Business, Fuel

Energy Transfer Is Back to Dealmaking With SemGroup Buy

U.S. pipeline giant Energy Transfer agreed to acquire rival operator SemGroup Corp. for about $1.35 billion in a stock and cash deal, building out billionaire Kelcy Warren’s empire even as investors demand financial discipline.

Rachel Adams-Heard | Bloomberg News
September 16, 2019
Business, Fuel

Texas Job Growth to Take Hit if Oil Rout Drags On, Fed Says

Job growth in the Lone Star State will likely weaken in the first half of 2019 if oil prices remain at current levels, according to the Federal Reserve Bank of Dallas.

Rachel Adams-Heard | Bloomberg News
December 28, 2018
Government, Business, Fuel

Keystone XL Pipe Cleared to Start Limited Pre-Construction Work

TransCanada Corp. can resume certain pre-construction activities, including engineering and meeting with stakeholders, for the Keystone XL oil pipeline after a federal court decision, the company said in an e-mail statement.

Rachel Adams-Heard | Bloomberg News
November 30, 2018
Government, Fuel

Troubled $4.6 Billion Shale Pipe Hits New Snag on Ruling

A $4.6 billion shale gas pipeline that already has been delayed by about a year is facing another setback after a court vacated a key permit.

Rachel Adams-Heard | Bloomberg News
October 3, 2018
Business

Oil Rises to Five-Week High on Freeze Optimism, Weakening Dollar

Oil closed at its highest level in five weeks, bolstered by a weakening dollar and speculation that OPEC talks next month could result in a crude output freeze.

Rachel Adams-Heard | Bloomberg News
August 16, 2016
Business

Cheap Gasoline and Three-Day Weekend to Fuel Record July 4 Travel

If you’re road-tripping this holiday weekend, you’re in good company. With U.S. gasoline prices the lowest in more than a decade, July 4 travelers are expected to hit the road in record numbers.

Rachel Adams-Heard | Bloomberg News
June 27, 2016
Business, Technology

Permits for Drones Soar Even as FAA Develops Rules

The Federal Aviation Administration is issuing permits for the commercial use of drones at a rate of about 250 a month as it tries to meet the growing demand for unmanned aircraft while it develops rules for their use.

Rachel Adams-Heard | Bloomberg News
July 8, 2015