Archives for October 2018
North Dakota, Alaska lead rig count growth as Texas dips
Both North Dakota and Alaska tacked on multiple drilling rigs last week to account for a small hike in the nation’s rig count. Source: FuelFix
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NOV posts tiny $1 million net gain
Houston’s National Oilwell Varco managed to turn a tiny $1 million net profit in the third quarter as activity slowed in the onshore U.S. because of pipeline shortages, especially in West Texas’ Permian Basin. Source:...
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Phillips 66 posts higher Q3 profits across operations
Phillips 66 reported higher profits and revenue in the third quarter with all of its major business segments posting stronger earnings. Source: FuelFix
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Oil heads for third weekly decline as equities resume slide
Oil is poised for the longest weekly declining run since August as equity markets resumed their slide and OPEC sent conflicting signals on supply. Source: FuelFix
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Why don't Big Oil's CEOs want to spend their cash?
The oil industry is rolling in cash again, but it’s not time for a party. Instead company bosses are vying to show the most monk-like devotion to austerity. Source: FuelFix
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