Archives for June 2019
Oil stabilizes after rapid slump amid fears of global trade war
Oil stabilized on Monday, giving traders a brief respite from the rapid slump driven by fears that increasingly aggressive U.S. trade policy could trigger an economic slowdown. Source: FuelFix
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Two crude oil pipeline projects extend open seasons
Two crude oil pipeline projects are extending open seasons to book capacity along their routes. Source: FuelFix
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Big Oil’s message to Permian strugglers: We won’t bail you out
Big Oil probably won’t be buying up the Permian Basin’s struggling independent drillers any time soon. Years of costly exploration and frantic buying sprees have gutted shareholder returns in the world’s largest shale basin. And...
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Total takes over Toshiba contracts with Freeport LNG in $800M deal
Toshiba will pay the French energy major Total about $800 million to take over its contractual agreements to buy liquefied natural gas for 20 years from Houston’s Freeport LNG. Source: FuelFix
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Goldman-backed ReNew Power plans asset sale as IPO shelved
India’s largest green energy company, ReNew Power Ltd., is considering raising funds through asset sales, after shelving plans for an initial public offering. Backed by Goldman Sachs Group Inc., the company has renewable assets of...
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