Archives for March 2019
Saudi Aramco buys majority stake of SABIC in $69B deal
Saudi Arabia’s national oil company is doubling down on downstream and petrochemicals: Saudi Aramco announced Wednesday it is acquiring a 70 percent majority state in the petrochemical company Saudi Basic Industries Corporation (SABIC) in a...
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McDermott signs lease to build manufacturing plant in Saudi Arabia
A subsidiary of Houston oilfield service company McDermott has signed a lease that will allow the company to build a manufacturing facility for offshore oil rigs in Saudi Arabia. Source: FuelFix
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Energy sector cautiously expands after fourth-quarter price drop: Dallas Fed survey
Texas energy sector activity modestly picked back up in the first quarter of 2019, but the fourth quarter eroded the confidence of executives and point towards a slower rate of growth in 2019. Source: FuelFix
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Excelerate sets delivery date for second offshore LNG project in Bangladesh
The Woodlands-based liquefied natural gas company Excelerate Energy has set a delivery date for its second offshore project in Bangladesh. Source: FuelFix
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Pipeline additions boost Permian Basin prices
Permian Basin crude prices have been depressed for months because there aren’t enough pipelines to take all the West Texas crude away to the Gulf Coast. But now some of those pipeline constraints are easing...
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