Archives for February 2020
Cabot cuts 2020 spending nearly 30% amid weak natural gas prices
Cabot Oil & Gas said Tuesday it will slash its 2020 spending by nearly 30 percent amid historically low natural gas prices. Source: FuelFix
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ConocoPhillips' fourth-quarter profit plunges by 60%
ConocoPhillips’ fourth-quarter profit declined by more than 60 percent, to $720 million from $1.9 billion in the same period last year, amid weaker oil prices and production outputs. Source: FuelFix
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BJ Services develops natural gas-fired turbine for frac crews
Tomball oilfield service company BJ Services has developed a new turbine that can use natural gas from a drilling site to provide power to hydraulic fracturing crews. Source: FuelFix
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OPEC+ consults China for urgent analysis of virus threat to oil
OPEC+ consulted with a Chinese ambassador as it conducted an urgent assessment of how the coronavirus may hurt oil demand, and what measures the group could take in response. Source: FuelFix
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Oil rises as OPEC+ officials meet to check virus hit to demand
Oil climbed to near $51 a barrel in New York as officials from OPEC+ gathered on Tuesday for an urgent meeting to assess the impact of the coronavirus on global demand, and how the group...
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