Archives for 2018
Oasis Petroleum selling Williston acreage for $283 million
Houston-based Oasis Petroleum said it is selling much of its Williston Basin acreage in North Dakota and Montana for $283 million as the company increasingly focuses on West Texas’ booming Permian Basin. Source: FuelFix
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Exxon, Chevron CEOs warn Trump tariffs hurting oil sector
The CEOs of the two largest U.S. oil companies said Tuesday that tariffs enacted by the Trump administration would slow growth in the U.S. oil and gas sector. Exxon Mobil CEO Darren Woods and Chevron...
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Struggling GE plans eventual split from Baker Hughes
Baker Hughes just joined the General Electric family a year ago, but financially struggling GE is now publicly stating it wants an “orderly separation” from the Houston oilfield services firm in the next two to...
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Oil holds near $75 as Libyan port dispute adds to supply worries
Brent crude traded near $75 a barrel as key Libyan oil ports were handed to a company rivaling the nation’s internationally recognized energy producer. Source: FuelFix
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Oil-sands outage upends global oil market, overshadowing OPEC
The shutdown of a key oil-sands facility in Canada is flipping the global oil market on its head and slamming shares of producers that depend on the plant. Source: FuelFix
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