Archives for August 2019
Marathon Oil shows profit growth, hikes share buybacks
Marathon Oil reported quarterly profits of $161 million that jumped by two-thirds from a year ago as the Houston oil company grew its production volumes and kept its spending flat. Source: FuelFix
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Halcon Resources files for bankruptcy again
Long-struggling Halcon Resources filed for bankruptcy protection on Wednesday with plans to hand over ownership of the company to its debt holders. Source: FuelFix
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Centerpoint swings to profit
CenterPoint Energy, the Houston, said it swung to a profit in the second quarter, citing higher utility rates from regulators, lower operation and maintenance expenses and customer growth. Source: FuelFix
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NRG's second quarter profit doubles
NRG said its profits rose to $202 million in the second quarter from $96 million during the same period a year earlier. Source: FuelFix
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Plains completes Cactus II pipeline, adds partners on Wink to Webster project
Houston’s Plains All American said it completed its Cactus II crude oil pipeline from West Texas to the Corpus Christi area and added new partners to another major Permian pipeline project to Houston. Source: FuelFix
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