Williams snaps up Texas midstream assets in $423M deal
Pipeline operator Williams has reached a deal to acquire midstream company NorTex Midstream from an affiliate...
Pipeline operator Williams has reached a deal to acquire midstream company NorTex Midstream from an affiliate of Tailwater Capital for $423 million. The transaction adds 80 miles of natural gas transmission pipelines and 36 billion cubic feet of gas storage in North Texas to Williams' portfolio.
Oil futures end higher for the session, modestly lower for the week
Oil futures finished...
Oil futures finished higher on Friday, with supply concerns helping prices pare their loss for the week. Still, "lately it has been mostly bad news for oil prices as demand concerns worsened given China's deteriorating COVID situation, a surprise jump in stockpiles, and on expectations world leaders will continue to exhaust emergency measures to send energy prices lower," said Edward Moya, senior market analyst at OANDA. October WTI crude CLV22, +3.06% climbed $3.25, or 3.9%, to settle at $86.79 a barrel on the New York Mercantile Exchange, with front-month prices down about 0.1% for the week, according to Dow Jones Market Data.
MarketWatch: Dow ends up nearly 400 points Friday as stocks notch weekly gains
U.S. stocks finished higher on Friday, rising for a third straight day while also recording a gain for...
U.S. stocks finished higher on Friday, rising for a third straight day while also recording a gain for the week after three weekly losses. The S&P 500 SPX, +1.53% rose 61.18 points, or 1.5%, to 4,067.36, while the Dow Jones Industrial Average climbed 377.19 points, or 1.2%, to 32,151.71. The Nasdaq Composite COMP, +2.11% advanced 250.18 points, or 2.1%, to 12,112.31. The indexes posted weekly gains of 3.7%, 2.7%, 3.1%, according to Dow Jones Market Data. Analysts described the equity market's advance as a technical bounce off of oversold levels, while the dollar retreating from a 20-year high helped buoy sentiment.
The European Central Bank raised interest rates by 75 basis points on Thursday, ...
The European Central Bank raised interest rates by 75 basis points on Thursday, mirroring the Federal Reserve and continuing the trend of economies around the world grappling with rising rates and rampant inflation.
The move comes as a step "to dampen demand and guard against the risk of a persistent upward shift in inflation expectations," the central bank said in a statement.
Devon among companies hoping to bring tech to Okla. oil
Devon Energy has partnered with nonprofit Tulsa Innovation Labs and other energy companies, including...
Devon Energy has partnered with nonprofit Tulsa Innovation Labs and other energy companies, including Williams Cos. and Oneok, to bring nearly 2,000 energy-tech jobs to Oklahoma within the next decade. "[Energy companies] will evolve into more tech-based companies, and that requires a different organizational structure, different talent and different R&D spending," said Tulsa Innovation Labs co-founder Nick Lalla.
