Archives for 2019
Murphy Oil to buy Gulf assets for up to $1.6B from LLOG
Murphy Oil said Tuesday it will pay up to $1.6 billion to acquire a package of deepwater Gulf of Mexico assets from Louisiana-based LLOG Exploration. Source: FuelFix
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Apache cuts back production of Permian gas because of pricing
Houston’s Apache Corp. said Tuesday it will dramatically cut back on its natural gas production in the Permian Basin for an extended period of time because of steep pricing discounts caused by pipeline shortages in...
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Oil climbs toward $75 in London after Trump tightens screws on Iran
Oil rose toward $75 in London after the U.S. announced a tougher crackdown on Iran, seeking to choke off the OPEC member’s crude exports. Source: FuelFix
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Cheap wind power distorting power market pricing, leads to legislative interest in study
The Texas Legislature recently took a step to eliminate the Texas cost advantage in renewable energy by recently passing similar bills out of the Senate Committee on Business & Commerce and the House Committee on...
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Dow locks out more than 200 workers in Deer Park
A Dow Chemical subsidiary has locked out about 200 workers at a chemical plant in Deer Park outside of Houston, the union and company said Monday. Source: FuelFix
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