Archives for 2019
Impairments from three projects sting McDermott International's 2018 earnings
Impairments from three large projects stung Houston service company McDermott International, which closed 2018 with a $2.7 billion loss. Source: FuelFix
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Shell sees continued global LNG growth as coal alternative
Royal Dutch Shell’s new LNG outlook report projects that global liquefied natural gas demand will continue to rise in the years ahead – led by Asian growth – as Shell seeks to solidify its stake...
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Marathon sells its U.K. assets as it focuses on U.S. shale
Houston’s Marathon Oil said Monday it will sell its United Kingdom assets in the North Sea and near the Shetland Islands for about $140 million. Source: FuelFix
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Trump attacks OPEC again, warning against high oil prices
U.S. President Donald Trump resumed his attacks on OPEC, saying the world is too fragile to handle a price hike and urging the cartel to “relax and take it easy.” Source: FuelFix
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Oil holds near 3-month high as U.S. extends truce with China
Oil steadied near a three-month high in New York as a U.S. move to extend a trade truce with China raised hopes that the world’s two biggest economies would soon resolve a stand-off on tariffs....
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