Archives for May 2019
Oil advances as jobs growth adds strong demand to supply strains
Oil eked out a gain as a forecast-topping U.S. jobs report signaled a strong domestic economy to go along with the supply disruptions squeezing global crude markets. Source: FuelFix
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Venture Global's $8.5B Plaquemines LNG project gets final environmental study
Virginia-based Venture Global LNG’s $8.5 billion liquefied natural gas project in Plaquemines Parish, Louisiana got a boost Friday as federal regulators issued a key environmental study needed to secure permitting for the project. Source: FuelFix
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Exxon Mobil authorizes $6B Guyana development
Exxon Mobil said Friday it is authorizing the $6 billion second phase of its massive oil development off the coast of the tiny South American nation of Guyana. Source: FuelFix
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Texas leads small rig count dip
Texas saw its tally of active drilling rigs drop by seven this week, although much of the rest of the country saw growth in its drilling activity. Source: FuelFix
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Fire at Phillips 66's L.A. refinery could crimp gasoline supplies
A second fire at Phillips 66’s refinery near Los Angeles could further crimp already tight gasoline markets.Firefighters scrambled to put a blaze at Houston-based Phillips 66 refinery in Carson late Thursday – the second fire...
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