Archives for 2019
Targa Resources seeks to sell crude assets in Permian Basin amid third quarter loss
Houston pipeline operator Targa Resources is seeking to sell its crude oil gathering assets in the Permian Basin of West Texas following a $78.6 million loss during the third quarter. Source: FuelFix
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CenterPoint reports growing profits from hot Texas summer
Houston utility CenterPoint Energy reported quarterly profits of $241 million that jumped nearly 60 percent from last year thanks to warmer summer weather driving more electricity usage, reduced maintenance costs and higher customer rates. Source: FuelFix
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NRG Energy reports profit, announces dividend increase
NRG Energy, Inc., the biggest electricity seller in Texas, reported a net income of $372 million in the third quarter on revenues of nearly $3 billion, the company announced Thursday. Source: FuelFix
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Noble Energy reports small profit as major projects near completion
Noble Energy reported a small $17 million quarterly profit that plunged more than 90 percent from last year, but the Houston oil and gas producer touted new costs savings and the near-completion of its massive...
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Biggest OPEC+ producers aren’t pushing for deeper cuts
The biggest producers in OPEC+ aren’t pushing for deeper oil-supply cuts when the group meets next month, according to delegates across the coalition. Source: FuelFix
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