Archives for December 2019
Rig count holds flat as oil prices rise
The nation’s tally of active drilling rigs held flat this week as rising U.S. crude oil prices flirted with the $60 per barrel threshold, according to the weekly count from the Houston oilfield services firm...
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Tellurian gets green light for groundwork on Driftwood LNG
Federal regulators gave Houston liquefied natural gas company Tellurian the green light to begin groundwork on its Driftwood LNG export terminal project in Louisiana. Source: FuelFix
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Exxon Mobil gets five-year extension to complete Golden Pass LNG
Federal regulators have given Exxon Mobil a five-year extension to complete and bring its Golden Pass LNG export terminal near Port Arthur into service. Source: FuelFix
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Shale spending to fall 12% in 2020: Report
Exploration and production spending on North American shale is expected to plunge by 12 percent next year because of modest oil prices, weaker cash flows and increased restraint desired by shareholders, according to a new...
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Energy stock carnage sets up ‘rinse and repeat’ start to 2020
Energy equity carnage was alive and well throughout 2019, and the start of 2020 could bring more of the same for the beaten-up sector, though some analysts are turning positive. Source: FuelFix
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