Archives for 2019
Exxon Mobil reportedly selling Norwegian North Sea assets for $4B
Exxon Mobil is reportedly finalizing the sale of its Norwegian North Sea assets to a Norway firm backed by Italy’s Eni and private equity funding for about $4 billion, according to Reuters and Norwegian media....
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Venezuela’s oil woes deepen as Chinese contractor halts work
A Chinese oil contractor halted work on an expansion project in Venezuela because it hasn’t been paid, underscoring the difficulties for the Nicolas Maduro regime even at energy ventures backed by allies. Source: FuelFix
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Oil drops as economic gloom dents forecasts for demand growth
Oil fell as trade tensions between the U.S. and China worsened the outlook for global demand growth. Source: FuelFix
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Julian Castro: Fracking to be phased out in favor of renewables
Presidential candidate and former San Antonio Mayor Julian Castro said he wants hydraulic fracturing to be phased out as part of climate plan that calls for the United States to get all its power from...
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Power shopping site slow to reflect new rates
Higher rates for electricity transmission and distribution went into effect Sunday, but several retail electricity providers have not updated their plans on the state-sponsored comparison shopping site, making their offerings look cheaper, but setting up...
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