Archives for July 2019
Oil holds loss on growth gloom
Oil held its biggest loss in a week as signs that growth is slowing in major economies overshadowed the longest run of declines in U.S. crude stockpiles since the start of 2018. Source: FuelFix
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LNG, offshore contract wins boost revenue for TechnipFMC in second quarter
Contract wins in the liquefied natural gas and offshore industiries boosted revenues for oilfield service company TechnipFMC by double digits during the second quarter. Source: FuelFix
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Job cuts expected at NOV amid ongoing oil & gas industry slump
Job cuts are expected at Houston oilfield service company National Oilwell Varco following the implementation of a company restructuring plan created in response to an ongoing industry slump in the U.S. shale basins. Source: FuelFix
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Commercial crude inventories plunge after Hurricane Barry
U.S. stockpiles of commercial crude plunged last week in the aftermath of Hurricane Barry by nearly 11 million barrels. Source: FuelFix
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Exxon starts big new Beaumont petrochemical plant
Beaumont is now home to Exxon Mobil’s largest polyethylene plant after the Irving company started production on a huge new polyethylene line that expands the petrochemical plant’s capacity by 65 percent.Exxon Mobil said Wednesday it...
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