Archives for August 2018
TechnipFMC sues McDermott for trade secret theft
TechnipFMC is suing rival McDermott International and its new chief operating officer for the alleged theft of trade secrets that Samik Mukherjee brought with him when he switched companies. Source: FuelFix
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U.S. oil inventories jump, crude prices fall
U.S. crude oil inventories grew by 6.8 million barrels in the week ending Aug. 10 even as refineries consumed 18 million barrels of oil a day. Source: FuelFix
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Texas oilfield services companies file more than half of US oilfield bankruptcies
More than half of the oilfield services companies that sought bankruptcy protection in the United States over the past three years filed their petitions in Texas. Source: FuelFix
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Local economists declare the end of Houston's oil bust
The Greater Houston Partnership has declared the end of the oil bust. The majority of Houston’s largest energy companies reported profits in the second quarter as U.S. crude oil prices topped $70 a barrel, the...
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Report: EPA readies Clean Power Plan replacement
The Environmental Protection Agency is getting ready to replace the Obama administration’s program to reduce greenhouse gas emissions coming from power plants, Politico is reporting. Source: FuelFix
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