Archives for February 2019
Public comments for three LNG projects reopened in aftermath of federal shutdown
The Federal Energy Regulatory Commission has reopened public comment periods for three proposed liquefied natural gas export terminals after the partial federal government shutdown prevented some federal agencies from participating in the process. Source: FuelFix
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Refining bonanza boosts Phillips 66's profits
Phillip 66 became the latest refiner to report soaring 2018 earnings as a refining bonanza lifted the Houston energy company’s full-year profits to record levels. Although the full-year net income numbers were rosy, profits in the...
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National Oilwell Varco braces for lower first quarter sales after end-of-year loss
Houston oil field drilling equipment maker National Oilwell Varco finished the fourth quarter with a profit but closed 2018 with a loss as the company braces for lower sales in the first quarter. Source: FuelFix
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Houston's EnCap sells shale assets to Kimbell for more than $150M
Houston private equity firm EnCap Investments is unloading more than 12,000 acres of oil and gas royalties to Kimbell Royalty Partners in an all-stock deal worth more than $150 million. Source: FuelFix
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Anti-OPEC bill allowing U.S. to sue oil cartel moves forward
Legislation that would allow the U.S. government to sue OPEC for inflating oil prices cleared a key hurdle in the new session of Congress. Source: FuelFix
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