Archives for 2019
Stockholders approve merger of two Houston oil field service companies
Stockholders voted to approve the $1.8 billion merger two Houston oil field service companies — creating a new company with projected annual revenues of $4 billion. Source: FuelFix
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Oil falls amid swelling stockpiles, Russia caution on supply cut
Oil fell as Russia sounded a cautious note on whether OPEC and its partners may cut production further, while industry data showed U.S. crude inventories were expanding. Source: FuelFix
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Oil companies rejected by Supreme Court on climate change suits
The U.S. Supreme Court let government officials press ahead with three lawsuits that accuse more than a dozen oil and gas companies of contributing to climate change. Source: FuelFix
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Exxon blasts N.Y.’s climate suit as trial opens amid protests
Exxon Mobil Corp.’s lawyer slammed New York’s securities-fraud case as the trial opened, saying the state “twisted” reality by conflating two internal metrics the company uses to account for the financial impact of climate change...
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Venture capital firms double funding of battery storage projects
Battery storage projects attracted more attention from venture capital firms this year while interest in smart grid funding is showing signs of a slowdown. Source: FuelFix
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