Archives for September 2018
Texas' Permian Basin loses two drilling rigs
Texas lost two drilling rigs over the last week, both in the high-producing Permian Basin oil field of West Texas. Source: FuelFix
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Texas' Exxon Mobil wins more offshore acreage in Brazil
Irving-based Exxon Mobil has won tens of thousands of more acres in the latest round of bidding for Brazil’s offshore oil and gas reserves. Source: FuelFix
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Lotus Midstream joins Exxon Mobil, Plains on Permian pipeline project
Sugar Land-based Lotus Midstream plans to join Exxon Mobil and Plains All American to construct a multibillion-dollar crude oil pipeline system from West Texas to Houston and Beaumont. Source: FuelFix
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Private equity backer plans to buy out American Midstream
A private equity backer said it plans to buy out Houston-based American Midstream Partners and take the pipeline firm private. Source: FuelFix
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Oil rides longest weekly rally since May with eyes on $100 crude
Oil’s on course for the longest run of weekly gains in four months, as energy giants to major trading houses warned that a supply crunch could propel prices to $100 a barrel. Source: FuelFix
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