Archives for March 2019
Denbury, Penn Virginia call off shale merger
Plano’s Denbury Resources and Houston shale drill Penn Virginia Corp. said they’re mutually agreeing to terminate their merger in which Denbury would acquire the smaller firm in April. Source: FuelFix
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Tale of the tape: Exxon, Chevron duke it out in the Permian
The nation’s biggest energy players, Exxon Mobil and Chevron, are emerging as the biggest players in the booming Permian Basin, and they’re set to duke it out in the region for more than a decade...
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Oil pares third weekly gain as economy fears mix with OPEC cuts
Oil fell amid growing concerns of an economic slowdown, yet remained on track for a third weekly increase as OPEC presses on with supply cutbacks. Source: FuelFix
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Oil traders are now watching workers’ phones to spot problems at refineries
Outside contractors are brought in for routine maintenance or to handle accidents that could limit demand for crude oil or curb the supply of fuels. While oil companies rarely reveal such sensitive information, traders can...
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Matagorda County to get new wind farm
German-owned E.ON Climate and Renewables North America announced it is building a 151-megawatt wind farm in Matagorda County that it expects to be working by the end of the year. Source: FuelFix
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