Archives for 2020
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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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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