Archives for July 2018
Exxon Mobil reports rising profits, falling production volumes
U.S. energy leader Exxon Mobil reported a $3.95 billion quarterly profit Friday that jumped 18 percent from the same period last year, but fell short of its first-quarter performance. Source: FuelFix
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Oil heads for a fourth weekly drop as trade war fears linger
Oil is poised for a fourth weekly decline as the unexpected halt in Saudi shipments via a Red Sea waterway failed to add a greater risk premium to prices, while concerns lingered over how the...
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BP buys big into Permian, U.S. shale with $10.5 billion deal
British energy major BP is a huge Texas player now after agreeing to pay $10.5 for the shale assets of Australia’s BHP Billiton. Source: FuelFix
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Largest U.S. wind farm dealt potentially fatal blow in Texas
Texas dealt a potential death blow to what would be the largest-ever U.S. wind farm: American Electric Power Co.’s $4.5 billion Wind Catcher project. Source: FuelFix
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