Archives for November 2018
HollyFrontier to buy specialty oils company Sonneborn for $655M
Dallas-based refiner HollyFrontier Corp. is buying specialty oils producer Sonneborn U.S. Holdings Inc. for $655 million. Source: FuelFix
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Pioneer Natural Resources selling pressure pumping business for $400M
Shale driller Pioneer Natural Resources is selling its pressure pumping business to Midland-based ProPetro Holding Corp. for $440 million. Source: FuelFix
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GE makes deal to start selling Baker Hughes ownership
Financially struggling General Electric said Tuesday it has a deal to start selling its ownership of Houston’s Baker Hughes sooner than expected. Source: FuelFix
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Oil extends record losing streak as trump blasts Saudi plan
Oil fell for a 12th day, its longest losing streak on record, after U.S. President Donald Trump criticized Saudi Arabia’s plan to cut output. Source: FuelFix
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Chevron, Exxon Mobil weigh bids for Endeavor Energy
Chevron Corp. and Exxon Mobil Corp. are among the companies considering first-round bids this month for closely held oil producer Endeavor Energy Resources LP, according to people with knowledge of the matter. Source: FuelFix
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