Archives for October 2018
Pemex hopes new Gulf discoveries reverse Mexico's decline
Mexico’s state-run oil company Pemex announced two new discoveries in the shallow Gulf of Mexico on Tuesday that it hopes will reverse its decade-long decline in oil production. Source: FuelFix
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Oil holds near $75 on speculation storm may worsen supply risk
Oil held near $75 a barrel as Hurricane Michael threatened supply in the U.S. just as the nation’s stockpiles were forecast to increase. Source: FuelFix
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Hurricane Michael ceases Gulf oil production
About 20 percent of the Gulf of Mexico’s oil production is temporarily shuttered as the rapidly strengthening Hurricane Michael approaches the Florida Panhandle. Source: FuelFix
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U.S. producing even more light crude oil
Growing U.S. crude oil production is getting lighter, continuing a trend set off by the shale oil and gas drilling boom that began a decade ago. Source: FuelFix
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Covestro to invest $1.7b to expand Baytown chemical plant
Covestro, an adhesive manufacturing company headquartered in Germany, said it would invest $1.7 billion (1.5 billion euros) in expanding a Baytown plant Source: FuelFix
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