Archives for April 2019
Restructuring costs sting McDermott in first quarter earnings
Restructuring costs stung McDermott International in first quarter but the Houston engineering, procurement and construction company is expected to return to the black with a healthy $6.7 billion in new contracts. Source: FuelFix
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Looking at 2020, Democratic presidential candidates zero in on climate
Climate change is fast turning into a top-line issue for Democratic presidential hopefuls, with Texas’s Beto O’Rourke the latest to weigh in Monday morning with a sweeping proposal to cut U.S. greenhouse gas emissions. Source:...
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Gas prices rise, but may peak soon
Gasoline prices in Houston resumed their upward climb over the past week, but it’s unclear how much longer that trend will hold. Source: FuelFix
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Oil extends decline after Trump renews call for lower prices
Oil fell again, extending its biggest retreat in two months, after U.S. President Donald Trump renewed his push for lower prices and Russia said it would soon resolve a problem with contaminated supplies. Source: FuelFix
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Anadarko to resume Occidental talks, calls bid a 'superior proposal'
Anadarko Petroleum Corp. said it will begin talks about a potential $38 billion takeover by Occidental Petroleum Corp., a move that threatens to scupper a previously agreed deal with Chevron Corp. Source: FuelFix
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