Archives for December 2018
Wood Group signs on for massive Exxon-Saudi project near Corpus Christi
The United Kingdom-based Wood Group has signed on to do engineering and construction work for a nearly $8 billion petrochemical complex near Corpus Christi that’s led by Exxon Mobil and Saudi Arabia. Source: FuelFix
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Marathon sees exploratory success in Bakken
Marathon Oil said it is experiencing exploratory success as it aims to expand its position in North Dakota’s Bakken shale. Source: FuelFix
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U.S. sees oil production continuing to grow despite lower prices
The U.S. government left its forecast for domestic crude production unchanged for 2019 even with prices averaging almost $11 a barrel lower than its previous estimate. Source: FuelFix
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Oil extends gain as U.S. stockpiles drop and trade tensions ease
Oil extended an advance after a U.S. industry report signaled a bigger-than-expected draw in nationwide crude inventories and as trade tensions eased between the world’s two largest economies. Source: FuelFix
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Wind, solar to supply more electricity next year with coal providing less
The nation will get more of its electricity from wind and solar power next year and less from coal, the Energy Department reported. Source: FuelFix
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