Archives for 2018
Oil exports exceed imports for first time on Texas Gulf Coast
Oil exports exceeded imports along Texas’ Gulf Coast in April for the first time on record. Source: FuelFix
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Houston group acquires Lineal Industries pipeline construction firm
An investment group led by Houston-based Corporate Strategies Merchant Bankers has acquired Lineal Industries, a pipeline construction, installation, maintenance and integrity services contractor based in Pittsburgh. Source: FuelFix
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Iran oil minister: French oil giant Total pulls out of Iran
TEHRAN, Iran (AP) — Iran’s oil minister said on Monday that France’s oil giant Total SA has officially pulled out of Iran after cancelling its $5 billion, 20-year agreement to develop the country’s massive South...
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ConocoPhillips reaches $2 billion settlement with PDVSA
ConocoPhillips said Monday that it has reached a $2 billion settlement with PDVSA, Venezuela’s state-controlled oil company, to compensate for the illegal seizure of its assets more than a decade ago. Source: FuelFix
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Gasoline prices fall in Houston
Gasoline prices in Houston and across the country fell last week alongside crude oil prices on news of higher global supplies and concerns about a global economic slowdown. Source: FuelFix
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