Archives for October 2019
Drilling Down: Callon, Carrizo drill up to last minute of merger vote
The proposed $3.2 billion merger faces investor opposition, but both companies stand behind the deal. If the merger is approved, the combined company would become one of the top 20 drillers in Texas, a review...
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World ‘awash’ in oil As Perry sees shale boom barreling ahead
Global markets are “awash” in crude thanks to the surge in U.S. oil output, and the boom looks set to continue, U.S. Energy Secretary Rick Perry said. Source: FuelFix
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U.S. oil and gas rig count sees largest drop in six months as operators cut back
U.S. oil and gas operators pulled a net 21 rigs out of service last week, 17 oil and four gas, according to the Baker Hughes rig count. Source: FuelFix
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Phillips 66 profits fall by 50 percent
Houston refining giant Phillips 66 said its quarterly profits fell by more than 50 percent from last year driven largely by a loss in value of one of its pipeline businesses. Source: FuelFix
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Kincade fire knocks Calpine's geothermal plants partially offline
The raging Kincade fire in northern California has damaged and knocked some of Calpine’s The Geysers power plants offline. Source: FuelFix
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