Archives for February 2018
Oil rigs up, gas rigs down – net rig count flat this week
The nation’s overall drilling rig activity remained flat this week, but that included a jump in oil drilling offset by a drop in natural gas development. Source: FuelFix
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Energy Department alleges Texas clean coal company misspent $2.5 million in funds
A bankrupt Texas clean coal developer has been cited by the Department of Energy’s Inspector General for misspending $2.5 million in federal funds. Source: FuelFix
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PUC clears the way to approve Sempra-Oncor deal
The Public Utility Commission of Texas has cleared the way to allow a California company to acquire Oncor, Texas’ largest utility. Source: FuelFix
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Oil set for weekly gain
Oil was headed for a weekly increase as a weaker dollar boosted the allure of commodities priced in the U.S. currency. Source: FuelFix
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More to Big Oil than just oil, says Total
Norway’s $1 trillion sovereign wealth fund wants to sell out of oil and gas stocks, arguing that would reduce overall risk to the country since petroleum is already the top export. Source: FuelFix
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