Archives for 2018
Interior Dept. considers cutting royalty rate for deepwater projects
A proposal to cut the federal government’s take from deepwater oil and gas fields in the Gulf of Mexico is making its way towards Interior Secretary Ryan Zinke’s desk. Under a recommendation before the Interior...
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Texas business bankruptcies skyrocketed in 2017
Bankruptcy filings by Texas companies jumped more than 42 percent in 2017, nearly reaching the highs of the Great Recession eight years ago. Source: FuelFix
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Exxon shuts Papua New Guinea production after quake
Exxon Mobil Corp. has shut production platforms and a processing plant in the highlands of natural gas exporter Papua New Guinea after an earthquake struck the Pacific nation. Source: FuelFix
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Oil steady on Libya halt as Saudi's pledge smooth end to curbs
Oil steadied as Libya’s crude exports from a key terminal were disrupted and Saudi Arabia pledged that global producers will ease their output curbs without shocking the market. Source: FuelFix
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U.S. oil exports cut time, money, traders in Asia
Big oil tankers sailing from the U.S. are set to bring along some benefits for refiners in Asia while allowing them to sidestep traders serving the world’s top crude-buying region. Source: FuelFix
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