Archives for March 2018
U.S. shale surge offsets lowest Saudi oil imports since 1980s
America’s role in the global oil market was flipped on its head in 2017. As shale producers cranked out more and more crude, the U.S. relied less and less on some of its traditional sources...
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Exxon's Papua New Guinea LNG project seen shut for weeks after quake
Exxon Mobil Corp.’s $19 billion liquefied natural gas export project in Papua New Guinea may remain shut for six weeks after an earthquake rocked the country’s remote highlands, Source: FuelFix
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NRG's losses widened in 2017
Houston’s NRG Energy reported steep losses for the full year Thursday as the company continues to sell its assets and braces itself for poor returns from the South Texas Project, a nuclear plant jointly owned...
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SEC alleges that Plano oil operators used investor cash for booze, strippers
The U.S. Securities and Exchange Commission has charged three interconnected oil and gas companies – two based in Texas – and its executives with fraudulently scheming to raise $11.7 million for drilling projects allegedly located...
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