Archives for October 2018
Drilling companies to combine in deal valued at nearly $800 million
Two drilling companies are set to merge in a deal valued at nearly $800 million. Source: FuelFix
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EPIC Midstream to convert NGL pipeline to crude to aid Permian bottleneck
EPIC Midstream said it will temporarily convert the multibillion-dollar natural gas liquids pipeline it is building in Texas to crude oil service in order to alleviate the pipeline shortage in West Texas’ booming Permian Basin....
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Oil poised for fourth weekly gain as supply concerns persist
Oil is heading for the longest run of weekly gains since January on concern that higher Saudi and Russian output may not ease a supply crunch as impending U.S. sanctions squeeze Iranian exports. Source: FuelFix
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Billions in oil-company buybacks down the drain? Yes, Citi says
U.S. oil drillers started the year ushering in a new era of shareholder returns with promises of billions of dollars in share buybacks. Source: FuelFix
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Oil producers need to pump more or put demand growth at risk
Rising oil prices may hurt demand in some of the world’s fastest-growing nations unless producers take steps to boost supplies, according to the International Energy Agency. Source: FuelFix
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