Archives for 2018
Marathon Oil reports $96 million net profit
Houston’s Marathon Oil reported a $96 million quarter profit that compares favorably to a $139 million loss during the second quarter of last year. Source: FuelFix
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Enbridge selling Houston gas processing business for $1 billion
Canada’s Enbridge is selling a bevy of gas processing assets in Texas and neighboring state for more than $1 billion to a private equity firm focused on oil and gas assets and more. Source: FuelFix
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ConocoPhillips sells Texas assets to Houston's Lime Rock
ConocoPhillips said Thursday it is selling its stake in East Texas’ Barnett shale for $230 million to Houston-based Lime Rock Resources. Source: FuelFix
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Energy Transfer consolidating its $25 billion MLP
The Dallas-based Energy Transfer pipeline empire said it plans to consolidate its family of businesses into fewer entities as part of a “simplification” strategy. Source: FuelFix
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Westlake Chemical reports higher Q2 profit on strong product demand
Westlake Chemical Corp. reported stronger profits and record revenues in the second quarter, citing higher profit margins, increased product demand and a lower corporate income tax rate in the U.S. Source: FuelFix
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