Archives for March 2020
More wind, solar and natural gas will ease summer power demand
The state’s grid manager is bracing for another record-setting summer of electricity demand but more generation capacity should help ease some pressure. Source: FuelFix
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Report: Oil war could drive some services companies out of business
Oilfield Source: FuelFix
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Marathon Oil cuts capital spending by 20 percent after crude prices collapse
Houston exploration and production company Marathon Oil on Tuesday said it is cutting its 2020 drilling budget by 20 percent, a day after oil prices collapsed to almost $30 per barrel. Source: FuelFix
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Oxy slashes dividend payment for first time in 30 years after oil crash
Occidental Petroleum has slashed its quarterly payout to investors for the first time in 30 years after oil prices crashed Monday. Source: FuelFix
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CenterPoint gave former CEO $15M in cash and stock
Former CenterPoint Energy chief executive Scott M. Prochazka will leave the company with a $7.3 million lump sum severance payment and nearly 450,000 shares of stock that on Monday was worth about $8.1 million. Source:...
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