Archives for May 2019
Weatherford delisted from New York Stock Exchange in latest woes
Weatherford International has been delisted from the New York Stock Exchange — just days after the struggling oilfield service company announced plans to file Chapter 11 bankruptcy. Source: FuelFix
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Schlumberger exits tubulars business after selling three subsidiaries in $400 million deal
Oilfield service giant Schlumberger is exiting the tubulars business after agreeing to sell three specialized subsidiaries to a Houston company in a $400 million deal. Source: FuelFix
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Trade war could delay LNG projects on Gulf Coast, analyst says
Escalating trade tensions with China could jeopardize or delay some proposed mega liquefied natural gas projects on the Gulf Coast by raising construction costs while reducing the competitiveness of U.S. LNG, analysts and economists say....
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Saudi prince says Iran ordered pipeline attack as tensions mount
Saudi Arabia accused Iran of ordering this week’s attack by Yemeni rebels on a key oil pipeline, stoking concerns that the world’s largest oil-producing region is edging toward another war. Crude prices rose. Source: FuelFix
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Oil climbs on falling U.S. gasoline stockpiles and Gulf tension
Oil climbed for a third day — the longest run of gains in three weeks — as falling U.S. gasoline stockpiles supported the demand outlook and simmering tensions in the Middle East kept investors on...
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