Archives for February 2019
Saudi Arabia's crude supply to U.S. Gulf falling fast and hard
Saudi Arabia sliced its crude supply to plants located on the U.S. Gulf Coast, the world’s largest refining center, by more than half from a year ago. And shipments may grind to a complete halt...
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Weatherford closes deal to sell drilling rigs in North Africa
Struggling oilfield service company Weatherford has closed on the third of four deals to sell its drilling rigs in the Middle East and North Africa. Source: FuelFix
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Direct Energy sued for robo calls to cell phones
A resident in the East Texas town of Mabank has sued British-owned Direct Energy, the third biggest seller of electricity in Texas, for allegedly making repeated calls to her cell phone to collect debt she...
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Tellurian posts $126 million loss in 2018 as company moves forward on Driftwood LNG
Houston liquefied natural gas company Tellurian closed 2018 with a nearly $126 million loss as the company inches toward making a final investment decision on its proposed Driftwood LNG export terminal in Louisiana. Source: FuelFix
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Big crude inventory draw helps boost oil prices
A big dip in the nation’s crude stockpiles helped alleviate fears of another glut as U.S. oil production continues to surge to new record highs each week. Source: FuelFix
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