Archives for April 2019
Oil industry urges Trump to appeal Arctic ruling
Oil and gas executives are urging President Donald Trump to appeal a federal court ruling Friday that his plans to expand offshore oil and gas drilling into the Arctic Ocean are unlawful. Source: FuelFix
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Gasoline prices continue to spike
Prices at the pump continue to surge as the average for a gallon of regular unleaded heads toward the $2.50 mark in the Houston area. Source: FuelFix
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Saudi Aramco was the world’s most profitable company in 2018
The first official glimpse of Saudi Aramco’s financial performance confirms the state-run oil giant can generate profit like no other company on Earth: net income last year was $111.1 billion, easily outstripping U.S. behemoths including...
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Offshore wind for Texas about a decade away
Texas won’t likely get any offshore wind farms until 2028, a time when power prices will be high enough to justify the expense of engineering and building floating platforms. Source: FuelFix
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Drilling Down: Atmos Energy developing salt dome storage in East Texas
Dallas natural gas company Atmos Energy is moving forward with plans to further develop an underground storage facility that the company bought in East Texas. Source: FuelFix
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