Archives for July 2018
Oil falls as trade war escalates, Libya plans to resume supply
Oil fell below $74 a barrel after U.S. President Donald Trump escalated a trade war with China, heightening fears that global economic growth could be caught in the cross-fire. Source: FuelFix
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West Texas company to build large Permian pipeline system
A West Texas pipeline and storage company is expanding an under construction crude oil pipeline system in the Permian Basin. Source: FuelFix
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Report: Oil and gas M&A to surge in late 2018
Oil and gas mergers and acquisitions are expected to surge with upwards of $50 billion in new U.S. deals for the rest of the year following a spring lull, according to a new report. Source:...
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Anadarko bets $1.5B on shares, debt reduction
Anadarko Petroleum said it is investing an additional $1.5 billion in its share repurchase program and in debt reduction, further satiating the conservative fiscal approach desired by Wall Street since the recent oil bust. Source:...
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