Archives for July 2019
Aramco awards $18 billion in deals for work at oil fields
Saudi Aramco, the world’s largest crude exporter, awarded $18 billion in contracts to boost output capacity at two offshore oil fields even as the kingdom and its OPEC partners restrict production. Source: FuelFix
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Oil jumps on report of falling U.S. stockpiles and Iran tension
Oil jumped to the highest in a week as an industry report showing a continued draw-down in U.S. crude inventories tightened a supply outlook that’s being threatened by rising tension in the Middle East. Source:...
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WTF with the electricity billboards?
Retail electricity sellers have tried to distinguish themselves in the market in oh-so genteel ways, focusing on customer service, their ties to Houston’s sports teams and their offerings of “free” nights and weekends. The age...
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Shell evacuates Gulf platforms as disturbance strengthens
Royal Dutch Shell said Tuesday it is evacuating workers from its deepwater platforms in the eastern Gulf of Mexico in response to this hurricane season’s first looming disturbance in the area. Source: FuelFix
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Chevron Phillips to build $8B plant on Gulf COast
The Woodlands-based Chevron Phillips Chemical has inked a deal with Qatar Petroleum to develop an $8 billion plant on the Gulf Coast in project that will generate thousands of construction jobs and further solidify the...
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