Archives for January 2019
Drilling Down: Sinclair returns to Texas with controversial Permian Basin projects
One of the most iconic oil and natural gas companies in the Western U.S. is returning to Texas with five drilling projects in the Permian Basin town of Big Spring. Source: FuelFix
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Nearly $600M petrochemical project proposed in Pasadena
Houston-based Next Wave Energy LP is proposing to build a nearly $600 million petrochemical project in Pasadena, newly-released state documents show. Source: FuelFix
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Oil steadies near $53 as Venezuela crisis assessed with caution
Oil steadied near $53 a barrel as traders assessed whether an escalating crisis in Venezuela will reduce already-depleted exports from the OPEC member. Source: FuelFix
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McDermott lands ethylene furnace contract in Indoneia
Houston oil field service company McDermott International has landed a engineering contract to help build a component for an ethylene plant in the southeast Asian nation of Indonesia. Source: FuelFix
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U.S. oil production is 23 years ahead of schedule
A year ago, the U.S. government saw American crude production averaging 11.95 million barrels a day in 2042. Shale drillers are set to exceed that this year. Source: FuelFix
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