Archives for 2019
Amplify and Midstates merge to create new Houston energy producer
Houston’s Amplify Energy will combine with Oklahoma’s Midstates Petroleum in an all-stock, so-called “merger of equals” to create a new Houston-based oil and gas producer. Source: FuelFix
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Houston gasoline prices hold steady as crude retreats
Average gasoline prices held steady in Houston over the past week as crude oil prices retreated after the recent rally. Source: FuelFix
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Oil falls to five-week low after Trump jeopardizes trade talks
Oil tumbled toward $60 a barrel as President Donald Trump threw trade talks between the world’s two largest economies into disarray with a threat to raise tariffs on Chinese imports, roiling global markets. Source: FuelFix
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Oxy earnings dip by more than 10 percent
Houston’s Occidental Petroleum said Monday it earned $631 million in the first quarter as its net income dipped by more than 10 percent from the beginning of 2018. Source: FuelFix
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BP approves Thunder Horse expansion in Gulf
BP said Monday it approved an expansion in the Gulf of Mexico that will add 50,000 barrels of daily oil equivalent to its massive Thunder Horse field. Source: FuelFix
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