Archives for October 2018
TechnipFMC reports small profit growth
Energy engineering and construction giant TechnipFMC reported a $137 million profit from the third quarter that jumped 13 percent percent from the same time period last year. Source: FuelFix
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Third quarter oil and gas deals hit $123 billion
U.S. oil and gas deals in the third quarter hit near $123 billion, the highest deal value since the third quarter of 2014. Source: FuelFix
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Iraq's new oil minister has a top priority: Pump more oil
Iraq will increase oil output and work with other OPEC nations to assure “fair” prices for buyers and producers, according to the nation’s new Oil Minister Thamir Ghadhban. Source: FuelFix
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Texas refiner Valero’s profits tick up in third quarter
San Antonio refiner Valero Energy Corp.’s profits rose 1.8 percent in the third quarter on lower biofuel blending costs. The second largest U.S. refiner posted earnings of $2.01 a share, or $856 million, for the...
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Private investment to drive Mexico's oil production growth
Mexico’s national oil company is expected to only produce 1.9 million barrels a day by 2031. Source: FuelFix
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