Archives for February 2020
Plains All American fourth quarter profits drop 73 percent on regional crude prices
Houston pipeline operator Plains All American Pipeline LP saw its fourth quarter profits drop by 73 percent amid narrowing price differences between crude oil produced in the Permian Basin of West Texas and elsewhere in...
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Oil nears a dangerous tipping point
(Bloomberg) — As computer screens flash red for energy markets from Houston to Singapore, oil traders are urgently asking themselves one question: is a historic crash about to repeat itself? The meltdown caused by the...
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Energy industry's declining returns are slowing investment, Hess CEO tells Argus gathering
Investors are losing confidence in oil stocks, and that will eventually plague the industry, the CEO of Hess Corp. says. Source: FuelFix
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In Houston, former Exxon CEO Tillerson urges Trump to reassure allies
President Donald Trump should reassure U.S. allies during tonight’s State of the Union speech, former Secretary of State Rex Tillerson said Tuesday at an energy conference in Houston. Source: FuelFix
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The U.S. may soon have the world's oldest nuclear power plants
(Bloomberg) — Bonnie Rippingille looked out at the wisps of steam curling from the Turkey Point Nuclear Power Plant across Biscayne Bay with a sense of dread. In December federal regulators approved Florida Power &...
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