Archives for October 2018
Chesapeake buying Houston's WildHorse for $3 billion
Early shale developer Chesapeake Energy said Tuesday it is acquiring Houston’s WildHorse Resource Development for $3 billion in cash and stock. Source: FuelFix
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BP profit smashes estimates
BP reported a surge in profit that smashed estimates, giving the company the confidence to fully fund its $10.5 billion U.S. shale oil deal with cash. Source: FuelFix
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BP breaks from peers to unleash cash bet that oil will stay high
BP Plc is gearing up to leave European competitors in the dust, at least when it comes to spending the industry’s enormous cash pile. Source: FuelFix
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BP refineries run at 15-year high to gain from cheap Canadian oil
BP Plc ran its oil refineries at the hardest rate in 15 years during the third quarter, racing to profit from unusually cheap Canadian crude. Source: FuelFix
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Moodys says oil service debt "unsustainable"
Debt levels at oil field service companies have reached “unsustainable” levels, the debt rating agency Moody’s Investor Services said in a new report. Source: FuelFix
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