Archives for 2019
Weatherford emerges from bankruptcy with $10 billion of support
Switzerland and Houston-based oilfield service company Weatherford International has emerged from Chapter 11 bankruptcy with roughly $10 billion of financial support. Source: FuelFix
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WPX Energy buys Permian firm for $2.5 billion
Oklahoma’s WPX Energy will pay $2.5 billion to buy a Permian Basin producer backed by a Houston private equity firm as the consolidation of the still-booming Permian heads into a new year. Source: FuelFix
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Fuel prices make small dip despite higher crude values
Prices at the pump have fallen to their lowest levels since March – just in time for the holiday travel break – even though crude oil values have risen in recent weeks. Source: FuelFix
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Exxon, Chevron targeted by climate-activist investor group
The Dutch activist fund that has filed shareholder resolutions pressuring major oil companies in Europe to take action on climate change has set its sights on the U.S. Source: FuelFix
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Oil near 3-month high on cautious optimism over trade deal
Oil steadied near a three-month high on cautious optimism that a preliminary trade deal between the U.S. and China will support global fuel consumption. Source: FuelFix
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