Archives for October 2019
Fluor posts $742 million loss during third quarter amid company overhaul
Dallas engineering, procurement and engineering company Fluor posted a nearly three-quarter billion loss during the third quarter amid a companywide overhaul. Source: FuelFix
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Weatherford posts $821 million loss during third quarter
Switzerland and Houston-based oil field service company Weatherford International posted an $821 million loss during the third quarter — marking 19 consecutive quarters of losses for the bankrupt company. Source: FuelFix
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Exxon Mobil, Hess move up first Guyana production to December
Exxon Mobil and Hess Corp. said they are moving up the start date for first oil production in Guyana to December instead of the previous timeline slated for early 2020. Source: FuelFix
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Exxon climate plan wasn’t fake, Tillerson says in N.Y. trial
Former Exxon Mobil Corp. Chief Executive Officer Rex Tillerson rejected the New York attorney general’s claim that for years he spearheaded a secret scheme to defraud investors by lying about how the oil company planned...
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Crude inventories spike, but overall petroleum stocks fall again
The nation’s supplies of commercial crude oil spiked by 5.7 million barrels last week, but declines in refined products caused overall petroleum supplies to fall for an unprecedented fourth consecutive week. Source: FuelFix
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