Archives for June 2018
Rig count falls as June swoon continues
The number of rigs drilling for oil and gas in the U.S. dipped by five this week, continuing a slow decline for most of June. Source: FuelFix
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Japanese firm buys into Texas shale fields
Japan’s Oaska Gas said Friday it is buying into East Texas shale gas fields, acquiring a stake from Houston-based Sabine Oil & Gas. Source: FuelFix
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NRG drops power plans after tough talk from Texas regulators
A day after Texas regulators slammed retail electric providers for peddling “misleading” offers on PowertoChoose.org, the website run by the Public Utility Commission of Texas, the biggest electricity seller in Texas removed its attention-getting offers...
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National Oilwell Varco starts joint venture with Saudi Aramco
Houston’s National Oilwell Varco will start a new joint venture in Saudi Arabia to build drilling rigs and equipment for the Kingdom’s state oil company. Source: FuelFix
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Oil set for weekly surge as Saudis fail to allay supply fears
Oil surged this week by the most in two months as Saudi Arabia’s assurance of increased output failed to assuage concerns that disruptions from Canada to Libya and Iran will strain global markets. Source: FuelFix
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