Archives for November 2019
Exxon calls N.Y. climate case a ‘joke’ on last day of trial
A lawyer for Exxon Mobil Corp. mocked New York’s fraud lawsuit against the oil giant, saying the state had falsely accused engineers and scientists of cooking up a massive scheme to mislead investors about the...
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Houston FBI leads new efforts to protect energy companies from cyber attacks
The Houston FBI hosted a classified meeting on Wednesday afternoon to help energy companies to protect themselves from the growing threat of cyber attacks. Source: FuelFix
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Targa Resources seeks to sell crude assets in Permian Basin amid third quarter loss
Houston pipeline operator Targa Resources is seeking to sell its crude oil gathering assets in the Permian Basin of West Texas following a $78.6 million loss during the third quarter. Source: FuelFix
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CenterPoint reports growing profits from hot Texas summer
Houston utility CenterPoint Energy reported quarterly profits of $241 million that jumped nearly 60 percent from last year thanks to warmer summer weather driving more electricity usage, reduced maintenance costs and higher customer rates. Source: FuelFix
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NRG Energy reports profit, announces dividend increase
NRG Energy, Inc., the biggest electricity seller in Texas, reported a net income of $372 million in the third quarter on revenues of nearly $3 billion, the company announced Thursday. Source: FuelFix
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