Archives for December 2018
Creditors cut Sanchez Energy's borrowing base
Creditors have cut Houston-based Sanchez Energy’s borrowing base as the company’s stock continues to trade below $1 per share. Source: FuelFix
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Report: Biggest LNG buyers to to quadruple demand
The world’s biggest buyers of liquefied natural gas are expected to quadruple their current levels of uncontracted demand in the next decade, a new report from Wood Mackenzie finds. That’s good news for Texas which...
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Oil steadies below $53, little changed a week after OPEC+ cuts
Oil traded below $53 a barrel in New York, little changed a week after OPEC and its allies announced substantial output cuts, as traders weighed an uncertain outlook for 2019. Source: FuelFix
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Houstonians paid 9.4 percent more for power last year
The U.S. Bureau of Labor Statistics reported that Houston area residents paid 9.4 percent more for electricity in November compared to a year earlier, reflecting fears of shortages in the wholesale electricity market that drove...
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Enbridge buys stake in Permian, Eagle Ford pipeline
Enbridge has exercised its option to buy a stake in the Gray Oak Pipeline, a project to move crude oil from the Permian Basin and Eagle Ford Shale to several destinations along the Texas Gulf...
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