Archives for 2019
In-basin frac sand mines erode U.S. Silica's 2018 profits
A dramatic oil price crash during the fourth quarter and competition from in-basin frac sand mines eroded U.S. Silica’s profits to the point that the Houston sand company closed 2018 with a $200.8 million loss....
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Halliburton breaks ground on oilfield chemical plant in Saudi Arabia
Halliburton and Saudi Arabian officials broke ground on the company’s new oilfield chemical plant along the Persian Gulf port of Jubail. Source: FuelFix
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Vistra Energy agrees to pay more to acquire rival after unsolicited offer
Vistra Energy, the Irving-based power company, will pay $50 million more to buy rival Crius Energy, the Connecticut retail power seller, after an unidentified third-party made an unsolicited bid to buy Crius Energy. Source: FuelFix
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Concho Resources disappoints despite $1.5B quarterly profit
Midland’s Concho Resources fell short of expectations even though the Permian Basin producer took in a $1.5 billion profits in the the fourth quarter. Source: FuelFix
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Is cheap money the key to solving climate change?
A new report from Bloomberg New Energy Finance finds low interest loans could offer the key to switching developing countries to zero-carbon energy. Source: FuelFix
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