Archives for 2018
Survey finds upstream execs remain skittish on industry outlook
Upstream oil and gas executives are still feeling battered from the recent industry downturn, so they remain skittish about whether a sustainable recovery is in sight, consulting firm Deloitte & Touche said in a new...
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Baker Hughes returns to profitability with small gain
Houston-based Baker Hughes reported a small $13 million profit in the third quarter that returned the oilfield services firm to profitability after losses last quarter and in the third quarter of 2017. Source: FuelFix
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Chesapeake buying Houston's WildHorse for $3 billion
Early shale developer Chesapeake Energy said Tuesday it is acquiring Houston’s WildHorse Resource Development for $3 billion in cash and stock. Source: FuelFix
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BP profit smashes estimates
BP reported a surge in profit that smashed estimates, giving the company the confidence to fully fund its $10.5 billion U.S. shale oil deal with cash. Source: FuelFix
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BP breaks from peers to unleash cash bet that oil will stay high
BP Plc is gearing up to leave European competitors in the dust, at least when it comes to spending the industry’s enormous cash pile. Source: FuelFix
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