Archives for June 2019
Trump warns of more Iran sanctions, but not much is left for U.S. to target
President Donald Trump is threatening Iran with additional sanctions on Monday, but there’s not much left for the U.S. to target because most of the Islamic Republic’s economy has been crippled by earlier penalties. Source:...
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Oil climbs to a three-week high as U.S.-Iran tensions simmer
Oil rose to the highest level in more than three weeks as political tensions between the U.S. and Iran continued to simmer, with President Donald Trump announcing plans for further sanctions against the OPEC member....
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EDP Renewables inks power purchase deal
Wind energy producer EDP Renewables of Spain announced that its Houston-based subsidiary, EDP Renewables North America, inked a 20 year power purchase agreement to supply solar power and energy storage to East Bay Community Energy,...
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Drilling Down: EXCO Resources drills out of Chapter 11 bankruptcy
On the verge of emerging from Chapter 11 bankruptcy, Dallas oil company EXCO Resources is preparing for a new round of drilling in the Eagle Ford Shale of South Texas. Source: FuelFix
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Texas rig count hits lowest point since January 2018
The number of rigs drilling for oil and gas dipped again this week, bringing the nation’s active drilling activity down to its weakest level since early 2018. Source: FuelFix
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