Archives for July 2019
BP avoids sending tankers and crews through Strait of Hormuz
BP Plc, the British oil giant that had to shelter one of its tankers in the Persian Gulf this month in fear it could be targeted by Iranian forces, is avoiding sending ships to the...
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Oil trades near two-week high on tighter supply, Mideast risks
Oil traded near a two-week high in New York amid signs of a further drop in U.S. crude stockpiles and ongoing concerns that political friction in the Persian Gulf could disrupt exports. Source: FuelFix
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Calpine reports lower net income
Calpine of Houston, the nation’s biggest generator of natural gas-fired electricity, reported that it earned $266 million in the second quarter ended June 30, compared to $352 million during the same quarter one year earlier....
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Electricity prices to stay low as long as it doesn't get too hot
Cooler than normal temperatures and ample generation supplies have kept electricity prices unusually low this summer. And the trend is likely to continue — as long as we don’t have a heat wave. Source: FuelFix
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Baker Hughes, McDermott land contracts to develop Ichthys LNG in Australia
Houston oilfield service companies Baker Hughes and McDermott International have landed contracts to develop Ichthys LNG, a large liquefied natural gas project off the northwest coast of Australia. Source: FuelFix
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