Archives for 2019
NOV plans to issue $500 million of senior notes amid financial reshuffling
Struggling oilfield service company National Oilwell Varco plans to issue $500 million of senior notes amid some financial reshuffling to pay down near-term debt and deal with recent quarterly losses. Source: FuelFix
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McDermott posts $1.9 billion loss amid stock price plunge, project cost overruns
Houston oilfield service company McDermott International posted another steep loss during the third quarter amid falling stock prices and cost overruns on multiple projects, including two liquefied natural gas plants near the Bayou City. Source:...
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Oil near 6-week high as U.S.-China trade deal hopes increase
Oil held its biggest gain in almost seven weeks after improved U.S. and Chinese economic data aided the demand outlook, while optimism increased that the U.S. and China will resolve their trade dispute. Source: FuelFix
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Gasoline prices hold steady as crude jumps
Houston gasoline prices were essentially unchanged over the past week, shrugging of jump in crude oil prices. Source: FuelFix
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Saudi Aramco’s nine-month profit falls 18% as IPO starts
Saudi Aramco’s nine-month profit fell 18% as lower oil prices eroded sales ahead of a share sale that could be the world’s largest. Source: FuelFix
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