Archives for 2019
Elliott renews call for Marathon Petroleum to split; shares jump
Elliott Management Corp. renewed its push for Marathon Petroleum Corp. to split into three separate businesses, a move the hedge fund said would unlock more than $22 billion in value. Source: FuelFix
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New Pickering Energy partners with Henry Resources for $500M Permian investment
The new Houston energy investment firm Pickering Energy Partners is forming a joint venture with Midland’s Henry Resources to invest about $500 million in acquiring and developing Permian Basin acreage. Source: FuelFix
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Oil prices fall as crude stocks rise again
Crude oil prices continued their plunge Wednesday as the nation’s stockpile of crude rose again last week. Source: FuelFix
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LNG developers looking beyond China
In the thick of a trade war with China, U.S. LNG developers are looking to other nations to take the huge volumes of natural gas flowing from American shale fields, according to a new report...
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Oil declines as Saudi Arabia restores capacity ahead of schedule
Oil extended declines as Saudi Arabia was said to be ahead of schedule in restoring its output capacity. Source: FuelFix
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