Archives for 2020
NexTier Oilfield Solutions cuts budget by more than half
Houston oilfield service company NexTier Oilfield Solutions is cutting its budget by more than half as work continues to evaporate amid record low crude prices. Source: FuelFix
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‘Can’t even give it away’: $1 gasoline is a warning for economy
London, Kentucky, has become the first U.S. city to see pump prices fall below $1 a gallon as coronavirus-related lockdowns halt transit across the country — and it won’t be the last. Source: FuelFix
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Sunnova says solar should get federal help too for pandemic
Sunnova, the residential solar system seller based in Houston, called on Congress to include the solar industry as lawmakers devise a plan to help the energy industry during the spread of the coronavirus pandemic. Source:...
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Shell, Total cut billions from their budgets as oil prices plummet
European oil majors Shell and Total are cutting a combined $14 billion from their budget as crude prices continue to plummet amid an oil war and the coronavrius pandemic. Source: FuelFix
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Creditors give Tellurian an 18-month life line
Creditors are giving Houston liquefied natural gas company Tellurian an 18-month life line in the face of tough market conditions that include the ongoing oil war between Russia and Saudi Arabia and the coronavirus pandemic....
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