Archives for September 2019
Oil set for biggest weekly gain since January after saudi attack
Oil was on track for its biggest weekly increase since January as traders waited to see whether Saudi Arabia can fulfill promises to swiftly repair a critical processing facility attacked last weekend. Source: FuelFix
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Permian ‘child’ wells may cut oil recovery up to 20%, bank says
Oil producers drilling so-called parent-child wells in the Permian Basin are risking the loss of 15% to 20% of the crude that can ultimately be recovered from those wells by spacing them too close together,...
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Power company in Virginia wants to built offshore wind farm
Dominion Energy, the Virginia-based power company, is proposing to build the nation’s largest offshore wind development, a move expected to provide more renewable power to Dominion customers and provide a boost to the offshore wind...
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McDermott stock continues to plunge
Shares of Houston oilfield service company McDermott International tumbled for a second day in a row. Source: FuelFix
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Exxon Mobil shuts down Beaumont chemical plant, assessing refinery
Exxon Mobil said it has shuttered its petrochemical operations and is weighing doing the same for its massive oil refinery in Beaumont as severe rainfall and flooding from Tropical Storm Imelda continues through Thursday. Source:...
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