Archives for April 2020
One nation wants to double oil drilling just as prices crash
Mexico’s national oil company is acting like the crash never happened. Source: FuelFix
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Marathon Oil plans ‘frac holidays’ to cut 2020 spending
The Houston-based company is reducing capital spending this year to about half of 2019 levels, joining a parade of shale drillers doing the same. Source: FuelFix
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Plains cuts third of budget as pipeline operators feel market pressure
Houston-based Plains All American Pipeline has cut one-third of the company’s capital expenditure budget as the oil and natural gas industry continues to feel the pressure of record low prices and falling demand due to...
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Enviromentalists intensify third-party methane monitoring in Permian Basin
Environmentalists are no longer relying on government regulators and oil companies to monitor methane pollution in the nation’s largest oil field, they are using planes, helicopters, mobile vans and sensors on top of cell phone...
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Demand for gasoline is plummeting all over the world
U.S. gasoline demand has collapsed so much that the average station sold less than two tanker trucks’ worth. Source: FuelFix
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