Archives for October 2019
Oil trades eases as industry data shows U.S. stockpile jump
Oil traded near $53 a barrel after an industry report showed a sharp jump in U.S. inventories, adding to concern that supply keeps growing while demand ebbs. Source: FuelFix
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Enchanted Rock to expand backup generation to California
Enchanted Rock, the Houston company that provides backup electricity to commercial and industrial customers, announced it is expanding into California, sensing an opening in a state that has had to recently resort to widespread power...
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Kinder Morgan misses third quarter expectations but moves forward with Hill Country pipeline project
Houston pipeline operator Kinder Morgan cleared more than a half billion dollars of profits during the third quarter but missed Wall Street expectations on revenue and earnings per share. Source: FuelFix
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Five threaten to sue Kinder Morgan over Edwards Aquifer endangered species
The cities of Austin, San Marcos and Kyle are joining two groups in a threat to sue Houston pipeline operator Kinder Morgan in a row over a proposed natural pipeline in the Texas Hill Country...
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Weatherford lowers revenue expectations amid tougher market conditions
Switzerland and Houston-based oilfield service company Weatherford International has lowered its revenue expectations through 2022 amid tougher market conditions. Source: FuelFix
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