Archives for 2018
Goldman echoes Saudi view that higher prices won't hurt demand
Goldman Sachs Group Inc. sees oil’s rally the same way as Saudi Arabia: it won’t check the world’s soaring thirst for crude. Source: FuelFix
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Vistra cuts some 300 Houston jobs after Dynegy merger
Texas power company Vistra Energy Corp., the parent company of TXU Energy, is cutting 308 jobs just two day after it completed its merger with Dynegy. Source: FuelFix
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Houston gas prices rise alongside crude oil
The price of gasoline in Houston and across the country again rose alongside crude oil prices ahead of the busy summer driving season. Source: FuelFix
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Subsea 7 makes hostile offer for McDermott to kill CB&I merger
London’s Subsea 7 said Monday it’s making a $2 billion hostile bid to buy Houston-based McDermott International under the condition that McDermott scraps its pending merger with The Woodlands’ CB&I. Source: FuelFix
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Halliburton swings to profit despite Venezuela write down
Halliburton Co. swung to a profit in the first quarter as rising crude prices bolstered demand for hydraulic fracturing equipment and other oil field technology, though executives noted the impact of supply line constraints. Source:...
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