Archives for 2019
Wind spending shifts to maintenance/operations as federal tax credits expire
A surge in new wind farms before federal tax credits expire is expected to boost the amount of money that will be spent on wind power operations and maintenance, according to a new report. Source:...
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Shell warns of weak economic outlook despite bumper profit
Royal Dutch Shell Plc said the worsening economy could slow the pace of returns to shareholders, overshadowing a strong third-quarter trading performance that yielded bumper profits. Source: FuelFix
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Fluor posts $742 million loss during third quarter amid company overhaul
Dallas engineering, procurement and engineering company Fluor posted a nearly three-quarter billion loss during the third quarter amid a companywide overhaul. Source: FuelFix
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Weatherford posts $821 million loss during third quarter
Switzerland and Houston-based oil field service company Weatherford International posted an $821 million loss during the third quarter — marking 19 consecutive quarters of losses for the bankrupt company. Source: FuelFix
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Exxon Mobil, Hess move up first Guyana production to December
Exxon Mobil and Hess Corp. said they are moving up the start date for first oil production in Guyana to December instead of the previous timeline slated for early 2020. Source: FuelFix
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