Archives for 2019
Drilling Down: EXCO Resources drills out of Chapter 11 bankruptcy
On the verge of emerging from Chapter 11 bankruptcy, Dallas oil company EXCO Resources is preparing for a new round of drilling in the Eagle Ford Shale of South Texas. Source: FuelFix
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Texas rig count hits lowest point since January 2018
The number of rigs drilling for oil and gas dipped again this week, bringing the nation’s active drilling activity down to its weakest level since early 2018. Source: FuelFix
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Marathon Petroleum, Air Liquide ink big oxygen deal for Texas refineries
French industrial gas supplier and service company Air Liquide has inked two major long-term supply agreements with Marathon Petroleum to boost oxygen delivery to two Gulf Coast refineries. Air Liquide, which employs about 20,000 people...
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Trump orders review of ethanol exemptions, reports say
President Donald Trump has ordered the EPA and Department of Agriculture to review their policy of allowing oil refineries exemptions from their federal obligation to blend ethanol into the nation’s fuel supply, according to news...
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Reports: Chevron Phillips offers to buy Nova Chemicals for $15B
Chevron Phillips Chemical Corp. is reportedly considering offering Nova Chemicals for $15 billion including debt. The Woodlands-based joint venture of Phillips 66 and Chevron Corp. already is a huge global petrochemical that could further expand...
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