Archives for October 2018
Jacobs sells energy engineering business for $3.3B
Dallas-based Jacobs Engineering said it is selling its energy and chemicals business for $3.3 billion to Australia’s WorleyParsons Ltd. Source: FuelFix
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Halliburton posts higher Q3 profit despite pipeline bottlenecks
Halliburton Co. reported higher profits and revenues in the third quarter despite softer demand for certain services as pipeline bottlenecks constrained production activity in West Texas. Source: FuelFix
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Brent trades near $80 as Saudis talk down crude supply risk
Brent steadied near $80 a barrel as Saudi Arabia dismissed using its oil wealth as a political tool following the killing of journalist Jamal Khashoggi. Source: FuelFix
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Saudi Arabia has no plans to repeat 1973 oil crisis, Falih says
Saudi Arabia has no intention of using its oil wealth as a political tool in the controversy over the killing of journalist Jamal Khashoggi, and the kingdom plans to boost crude output again soon. Source:...
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Oil’s plunge has investors cutting their bullish bets
Enthusiasm for oil is at its worst in a year as global financial woes and rising U.S. stockpiles dim the demand outlook. Source: FuelFix
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