Archives for August 2019
New price adders boosting electricity prices in Texas
Wholesale electricity prices peaked at $6,500 per megawatt hour Monday afternoon in Houston, reflecting triple-digit temperatures that strained capacity and triggered price adders that were boosted by Texas regulators earlier this year. Source: FuelFix
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Interior rolls back endangered species protections, in boon for oil companies
The Trump administration pulled back some longstanding federal protections for wildlife under threat of extinction Monday, in a move that could expand oil and gas drilling and other development across America’s wilderness. Source: FuelFix
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Halliburton lands nine contracts for offshore project in West Africa
Houston oilfield service company Halliburton has landed nine contracts to drill and complete a series of wells off the coast in West Africa. Source: FuelFix
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Saudi Aramco to buy 20% stake in Reliance Oil refining
Saudi Aramco is doubling down on downstream energy again, taking a huge bite out of India’s Reliance Industries Limited refining business in a potential Xx deal that could combine the world’s largest oil producer with...
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Oil company transforms into esports video game firm
How does an oil company turn into a video gaming firm? Source: FuelFix
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