Archives for February 2018
OPEC, Russia seen beating expectations on output cuts
OPEC, Russia and other oil producers participating in output cuts have beaten market expectations in meeting their commitments, according to United Arab Emirates Energy Minister Suhail Al Mazrouei. Source: FuelFix
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Rise of electric cars inspires bleak gasoline forecast
The Boston Consulting Group added its voice to the chorus of forecasts predicting a slump in U.S. gasoline consumption as electric vehicles become popular and internal combustion engines turn more efficient. Source: FuelFix
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U.S. bankruptcy court approves Sempra's acquisition of Oncor
A U.S. bankruptcy court has approved Sempra Energy’s acquisition of Dallas-based Oncor, Texas’ largest utility, clearing the way for the deal’s approval. Source: FuelFix
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Texas mineral taxes and royalties increased in 2017
Texas oil and gas producers paid more in taxes and royalties last year as oil prices climbed and drilling activity ramped up in the Permian Basin and elsewhere in the state. Source: FuelFix
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Interior Dept. considers cutting royalty rate for deepwater projects
A proposal to cut the federal government’s take from deepwater oil and gas fields in the Gulf of Mexico is making its way towards Interior Secretary Ryan Zinke’s desk. Under a recommendation before the Interior...
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