Archives for 2018
Crude inventories take another dive
Crude stockpiles plunged for second consecutive week, lifting oil prices that have come under pressure as OPEC considers lifting production caps in place for more than a year. Source: FuelFix
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SEC charges Texas Coastal Energy, CEO with fraud
Dallas-based Texas Coastal Energy Company and its chief executive officer committed federal securities fraud by lying to investors and misappropriating $2.6 million of their money, the U.S. Securities and Exchange Commission said Tuesday. Source: FuelFix
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Study: U.S. natural gas production to surge 60% in 20 years
The U.S. shale boom kicked off with natural gas a decade ago, and dry gas production is expected to keep surging by another 60 percent during the next 20 years, according to a new report...
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Exxon Mobil, Hess make another offshore Guyana discovery
Exxon Mobil and Hess Corp. said Wednesday they’ve made their eighth oil discovery in the developing offshore fields of Guyana in northeastern South America. Source: FuelFix
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Shell sells stakes in Norwegian offshore projects for $556 million
Royal Dutch Shell said Wednesday it is selling its stakes in two North Sea oilfield projects offshore of Norway for $556 million. Source: FuelFix
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