Archives for May 2019
Shell earnings top estimates after natural gas drive
Royal Dutch Shell Plc’s first-quarter earnings beat even the highest analyst estimate as its natural gas business led a strong companywide performance. Shares rose. Source: FuelFix
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Oil extends loss as rising U.S. inventories counter supply risks
Oil declined for a second day, trading near $63 a barrel in New York, as a massive surge in U.S. crude stockpiles allayed worries about supply disruptions around the world. Source: FuelFix
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One in four homes now all-electric
Twenty-five percent of homes nationwide are powered solely by electricity, reflecting new home construction that tends to build all-electric and greater demand for electricity-fueled air conditioning and hot water heaters. Source: FuelFix
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Houston area company begins operations at second offshore LNG facility in Bangladesh
The Woodlands-based liquefied natural gas company Excelerate Energy has placed its second offshore LNG facility in Bangladesh into service. Source: FuelFix
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Apache posts small quarterly loss despite Permian growth
Houston’s Apache Corp. said Wednesday it lost $47 million in the first quarter versus a $145 million profit during the first three months of 2018. Source: FuelFix
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