Archives for January 2020
Enterprise Offshore Drilling laying off dozens of offshore oil workers
Houston oilfield service company Enterprise Offshore Drilling is laying off more than five dozen oil-rig workers in the Gulf of Mexico amid a downturn in business for one of the company’s clients. Source: FuelFix
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Despite Trump’s claim, the U.S. still needs some Middle East oil
President Donald Trump said during an address from the White House Wednesday that the U.S. no longer needs oil from the Middle East, but American refineries still use the kind of oil that region produces....
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Oil prices stabilize as Iran anxiety eases
Oil prices rebounded Thursday after first surging on news of the Iranian attack and then falling back once tensions appeared to be easing. Source: FuelFix
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Shell brings fuel to Mexico in push for 15% of retail market
Royal Dutch Shell Plc is seeking a bigger share of Mexico’s fuel market, even as regulatory changes make it harder for foreign companies to compete. Source: FuelFix
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Private equity, venture capital putting money into solar development
Corporate funding into the solar energy industry topped $11.7 billion last year, a 20 percent increase compared to the $9.7 billion raised in 2018. Source: FuelFix
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