Archives for 2018
Linn Energy selling West Texas assets for $20 million
Houston’s Linn Energy it’s selling its West Texas assets for nearly $120 million so the formerly bankrupted enterprise can focus on its oil and gas developments in Oklahoma. Source: FuelFix
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Crude, fuel inventories continue to build
Crude oil and gasoline inventories continued to grow last week, although oil stockpiles increased less than was feared. Source: FuelFix
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Political instability in Iraq threatens oil production, experts say
A nation of easy-to-access oil has made for boom times for companies like Exxon Mobil, BP, and Shell. But the oil industry in Iraq faces an uncertain future as political leadership in Baghdad fights for...
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Gulf Coast LNG exports soon expected to dominate global market
The U.S. is soon expected to become a dominant player in the global market for liquefied natural gas as Gulf Coast companies build massive terminals to serve overseas markets and the federal government considers rules...
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Occidental boosts growing profit from chemicals and Permian growth
Houston’s Occidental Petroleum reported a nearly $500 million quarterly profit that largely fell in line with expectations and easily bested a $190 million loss from the final three months of 2016. Source: FuelFix
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