Archives for April 2018
Halliburton swings to profit despite Venezuela write down
Halliburton Co. swung to a profit in the first quarter as rising crude prices bolstered demand for hydraulic fracturing equipment and other oil field technology, though executives noted the impact of supply line constraints. Source:...
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Centerpoint to buy Midwest utility for $6 billion
CenterPoint Energy plans to buy Indiana utility Vectren Corp. for $6 billion, expanding its electric power and natural gas operations into Indiana and Ohio, it said Monday. Source: FuelFix
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Cornyn says Trump's OPEC tweet off the mark as oil rises on Mideast tension, not conspiracy
President Trump’s early morning tweet on Friday accusing OPEC of artificially raising oil prices “very high” isn’t exactly right, Texas U.S. Sen. John Cornyn said. Source: FuelFix
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Permian Basin dominates another rig count jump
West Texas’ Permian Basin single-handedly accounted for another jump in the number of rigs actively drilling for petroleum in the U.S. Source: FuelFix
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Trump slams OPEC for pushing oil prices higher
President Donald Trump slammed OPEC for inflating oil prices after the cartel showed a willingness to further tighten crude markets. Source: FuelFix
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