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Anadarko reports $1.25 billion loss in 4Q

Anadarko reports $1.25 billion loss in 4Q

Anadarko Petroleum posted a loss of $1.25 billion in the fourth quarter. The Texas-based company plans to slash nearly half of its budget next year as it weathers plunging oil prices. For the year, Anadarko posted losses of $6.69 billion, or $13.18 per share. Anadarko CEO Al Walker said the company’s decision not to expand drilling programs in 2015 paid ...

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Gulf Island buys Leevac Shipyards in $20 million deal

Gulf Island buys Leevac Shipyards in $20 million deal

HOUMA, La.  — A Texas company has agreed to buy the assets of a Leevac Shipyards for $20 million, with the deal expected to close early in the coming year. The Courier reports the deal gives Gulf Island Fabrications, a Houston-based company with offices in Houma, subsidiaries across south Louisiana, including the shipyards in Houma and marine fabrication facilities in ...

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