Archives for May 2019
Permian Basin oil producer cuts 230 jobs
Irving-based Pioneer Natural Resources Co, one of the oil producers in the Permian Basin of West Texas and New Mexico, said this week it plans to lay off about 25 percent of its workforce to...
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Shell starts production at new Appomattox platform in the Gulf
Royal Dutch Shell said Thursday it has commenced production at its massive new Appomattox platform in the deepwater Gulf of Mexico a few months ahead of schedule. Source: FuelFix
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ITC resumes rail, truck activity at Deer Park terminal
Rail and truck activity is ramping back up at Mitsui’s Intercontinental Terminal Co.’s Deer Park terminal, two months after a tank fire and subsequent chemical spill temporarily cut off regional markets off from a large...
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Diamondback's Rattler raises $665 million in biggest energy IPO of 2019
Rattler Midstream Partners LP raised $665 million in the biggest energy initial public offering of the year, pricing an increased number of shares in the middle of its targeted range. Source: FuelFix
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Oil extends losses on rising U.S. inventories and trade tension
Oil extended losses after a surprise jump in American crude inventories alleviated concerns over a supply crunch, while fears of a full-blown trade war between the U.S. and China weighed on the outlook for demand....
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