Archives for January 2020
Aramco International listing ‘still on the cards,’ minister says
(Bloomberg) — Saudi Aramco is still considering listing shares abroad, the kingdom’s Finance Minister Mohammed Al-Jadaan said. “It’s still on the cards, we made that very clear,” Al-Jadaan told Bloomberg TV in an interview in...
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Phillips 66 cancels large renewable diesel refinery project
Phillips 66 said Tuesday it canceled plans to build the largest renewable diesel refinery along the West Coast, citing concerns with project costs and permitting problems. Source: FuelFix
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McDermott confirms company will file for Chapter 11 bankruptcy
McDermott International will file for Chapter 11 bankruptcy later today, the struggling Houston oilfield service company confirmed. Source: FuelFix
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Halliburton closes 2019 with $1.7 billion loss
Houston oilfield service company Halliburton closed 2019 with a $1.1 billion loss amid an ongoing shale slump in the United States that has weakened demand for hydraulic fracturing and related services. Source: FuelFix
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BP names new CFO as Gilvary plans to retire
BP Plc handed more power to a new generation of executives, announcing that Chief Financial Officer Brian Gilvary will join his boss Bob Dudley in retiring this year. Source: FuelFix
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