Archives for 2019
New WildFire Energy gets more than $1B in private equity backing
A cofounder of WildHorse Resource Development has formed the new WildFire Energy in Houston with more than $1 billion in backing from two major private equity firms. Source: FuelFix
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Trump says U.S. ship downed Iran drone; Tehran denies losing one
President Donald Trump said the U.S. “immediately destroyed” an Iranian drone that approached the USS Boxer near the Strait of Hormuz, but officials in Tehran denied losing one. Source: FuelFix
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Oil pares steep weekly loss as U.S. says it downed Iranian drone
Oil snapped four days of losses after the U.S. said it downed an Iranian drone near the Strait of Hormuz, stoking concern crude flows from the Middle East may be disrupted. Source: FuelFix
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Schlumberger appoints Olivier Le Peuch as company's new CEO
Oilfield service giant Schlumberger has promoted chief operating officer Olivier Le Peuch to become the company’s new CEO. Source: FuelFix
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Schlumberger beats expectations on revenue during second quarter
Global oil field service giant Schlumberger reported nearly $8.3 billion of revenue during the second quarter beating Wall Street expectations. Source: FuelFix
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