Archives for 2019
Exxon Mobil makes big gas find in geopolitical hotspot offshore Cyprus
Exxon Mobil said Thursday it made a potentially major natural gas discovery offshore of the island nation of Cyprus in the geopolitical tinderbox that is the Eastern Mediterranean. Source: FuelFix
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Apache reports loss, but strong Permian production growth
Houston’s Apache Corp. reported a $381 million loss in the fourth quarter because of asset write downs, but the news was offset somewhat by oil production results that exceeded expectations. Source: FuelFix
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Saudi Arabia's crude supply to U.S. Gulf falling fast and hard
Saudi Arabia sliced its crude supply to plants located on the U.S. Gulf Coast, the world’s largest refining center, by more than half from a year ago. And shipments may grind to a complete halt...
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Weatherford closes deal to sell drilling rigs in North Africa
Struggling oilfield service company Weatherford has closed on the third of four deals to sell its drilling rigs in the Middle East and North Africa. Source: FuelFix
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Direct Energy sued for robo calls to cell phones
A resident in the East Texas town of Mabank has sued British-owned Direct Energy, the third biggest seller of electricity in Texas, for allegedly making repeated calls to her cell phone to collect debt she...
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