Archives for 2019
Oil rises after report shows steep decline in U.S. inventories
Oil rose for a second day after an industry report showed a bigger-than-expected drop in American crude inventories, allaying concerns that the market is poised to tip back into oversupply. Source: FuelFix
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Hilcorp to buy BP's Alaska assets for $5.6B
Houston’s Hilcorp will buy BP’s Alaska assets for $5.6 billion as the British oil giant leaves the state after 60 years. Source: FuelFix
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AMLO: Mexico reaches deal for cross-border natural gas pipelines
Mexican President Andres Manuel Lopez-Obrador said his administration has reached a deal ending a $3 billion controversy over contracts for seven natural gas pipelines that were built by four companies south of the border. Source:...
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Exxon to explore carbon capture tech with startup
With oil majors under pressure to take more action on climate change, Exxon Mobil is boosting its research in carbon capture technology in a new partnership with a Berkeley, California startup that specializes in a...
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Colorado rivals combine in $1 billion merger
Denver rivals PDC Energy and SRC Energy will combine in a $1 billion deal to create the second-largest oil and gas producer in Colorado’s DJ Basin. Source: FuelFix
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