Archives for February 2019
Energy Transfer closes 2018 with $1.6 billion profit
Dallas pipeline operator Energy Transfer closed 2018 with a $1.6 billion profit. Source: FuelFix
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Impairment charges sting Targa Resources during fourth quarter
Nine-digit impairment charges from a 2015 merger came back to sting Targa Resources during the fourth quarter. Source: FuelFix
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Oil near $56 amid expectation of fifth U.S. crude inventory rise
Crude fluctuated between gains and losses as investors prepared for a fifth straight rise in U.S. crude inventories and oil tracked the U.S. equity market. Source: FuelFix
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In-basin frac sand mines erode U.S. Silica's 2018 profits
A dramatic oil price crash during the fourth quarter and competition from in-basin frac sand mines eroded U.S. Silica’s profits to the point that the Houston sand company closed 2018 with a $200.8 million loss....
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Halliburton breaks ground on oilfield chemical plant in Saudi Arabia
Halliburton and Saudi Arabian officials broke ground on the company’s new oilfield chemical plant along the Persian Gulf port of Jubail. Source: FuelFix
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