Archives for July 2019
Anadarko posts $1B loss after paying Chevron breakup fee
Anadarko Petroleum reported a quarterly net loss of just more than $1 billion on Friday, but that’s because The Woodlands-based oil producer paid Chevron a $1 billion breakup fee for terminating their merger. Source: FuelFix
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Rig count falls as activity dips in North Dakota's Bakken shale
Slowing activity in North Dakota’s Bakken shale triggered a dip in the nationwide tally of active drilling rigs. Source: FuelFix
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Pemex narrows multibillion dollar losses while stabilizing production
Mexico’s national oil company Petroleos Mexicanos, or Pemex, narrowed its multibillion dollar losses during the second quarter while halting crude production declines. Source: FuelFix
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Phillips 66 profits boosted by pipeline, NGLs
Phillips 66’s profits ticked up 6 percent in the second quarter, boosted by higher margins in crude oil refining and more volume flowing through its pipelines and natural gas liquid terminals. The Houston refiner reported...
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Excelerate Energy strikes preliminary LNG cargo deal with Argentina's YPF
The Woodlands liquefied natural gas company Excelerate Energy has entered into a preliminary LNG cargo deal with Argentina’s YPF — the world’s newest exporter of the supercooled fuel. Source: FuelFix
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