Archives for 2019
Houston company Dresser-Rand sues Venezuela's PDVSA for $132 million
Houston-based Dresser-Rand has sued PDVSA, Venezuela’s state-owned oil company, for more than $132 million. Source: FuelFix
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Sanchez Energy broke $1 billion revenue barrier but closed 2018 with a loss
Troubled oil company Sanchez Energy generated more than $1 billion of annual revenue for the first time in the company’s eight-year history but nonetheless closed 2018 with a multimillion dollar loss. Source: FuelFix
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U.S. energy companies produce more oil even as they cut spending
U.S. shale energy companies are cutting their spending levels in 2019, but they’re still planning on increased oil and gas output as the nation continues to hit new production records. Source: FuelFix
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OPEC output slides again amid planned cuts and U.S. sanctions
OPEC’s crude production slumped again last month as the cartel implemented planned cutbacks in full and some members were hit by U.S. sanctions. Source: FuelFix
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NRG reports $268 million in profits last year with higher prices, more demand for power
Higher electricity prices, more demand for power and an increase in the number of customers boosted last year’s bottom line for NRG Energy, the biggest electricity seller in Texas. Source: FuelFix
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