Archives for May 2018
Drilling rig count jumps in Permian, but not in Texas
The number rigs actively drilling for oil spiked yet again in the booming Permian Basin, but not in Texas. Source: FuelFix
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Deutsche Bank to shut Houston office in energy pullback
Deutsche Bank AG is closing its office in Houston and exiting oil and gas advisory as part of a strategy to pare its U.S. operations, according to an internal memo seen by Bloomberg. Source: FuelFix
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CenterPoint posts profit for first quarter
Houston’s CenterPoint Energy posted net income of $165 million for the first quarter of 2018, down from its $192 million gain during the same period last year. Source: FuelFix
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Cheniere posts record profits as LNG cargo volumes surge
Cheniere Energy’s profits soared almost sevenfold in the first quarter, driven by higher liquefied gas cargoes from its Sabine Pass LNG terminal. Source: FuelFix
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EOG Resources posts surging profit
Houston’s EOG Resources posted surging profits of $639 million for the first quarter, well up from $29 million during the first three months of 2017. Source: FuelFix
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