Archives for 2018
SandPoint Resources gets equity commitment
SandPoint Resources, a privately-held independent oil and gas company based in San Antonio, received an equity commitment from Carnelian Energy Capital II, a fund managed by Houston-based Carnelian Energy Capital Management, an energy investment firm....
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Oil slips before supply data while U.S.-Saudi tension simmers
Oil retreated before weekly U.S. inventory data even as the disappearance of a critic of the Saudi Arabian regime threatened to spark a diplomatic crisis. Source: FuelFix
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Iranian oil exports fall to 1.6 million barrels a day
Iranian crude exports are falling as countries begin to get in line with U.S. sanctions, according to the U.S. Energy Information Administration. In September Iran exported 1.6 million barrels per day, down from 2.7 million...
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Occidental surprises investors again with Qatar lease loss
Occidental Petroleum Corp. dropped the most in over a year after deciding to hand over an oil field in Qatar to the government, an announcement that appeared to catch some investors off-guard. Source: FuelFix
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Direct Energy to buy retail energy company
Direct Energy, a retail electric provider owned by the British company Centrica, announced plans to buy the retail electricity business of one of its competitors, Sugar Land-based and Australian-owned Source Power & Gas. Source: FuelFix
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