Archives for February 2018
Fieldwood Energy files for bankruptcy, makes $700M acquisition on same day
Debt-strapped Fieldwood Energy is filing for Ch. 11 bankruptcy protection the same day it said it would acquire Noble Energy’s Gulf of Mexico assets in a $roughly 700 million deal. The seemingly bizarre dichotomy is...
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Renewable energy hits 18 percent of U.S. electricity grid, rivaling nuclear
Solar farms, wind turbines and hydroelectric dams are getting close to surpassing nuclear power plants contribution to the U.S. electrical grid, according to a new report by Bloomberg New Energy Finance. Source: FuelFix
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Noble Energy selling its Gulf of Mexico business to Fieldwood
Noble Energy said it will sell its Gulf of Mexico oil business to Fieldwood Energy for more than $700 million. Source: FuelFix
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LyondellBasell announces deal to acquire A. Schulman
Houston petrochemical giant LyondellBasell on Thursday announced a deal to acquire A. Schulman, an Ohio-based supplier of high-performance plastic compounds, for $2.25 billion. Source: FuelFix
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