Archives for 2020
Oil tumbles below $50 a barrel as virus saps Chinese demand
Oil fell below $50 a barrel for the first time in more than a year as China’s oil consumption was said to plunge by 20% amid the spread of coronavirus, threatening what could be the...
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CenterPoint sheds infrastructure operations to focus on utility business
CenterPoint Energy, the Houston-based regulated utility, announced Monday that it will sell its infrastructure services business to Atlanta-based infrastructure company PowerTeam Services for $850 million in cash. Source: FuelFix
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Former Cheniere executive now at helm of LNG export project in Mexico
Former Cheniere Energy executive Doug Shanda is now at the helm of a Houston company seeking to build an liquefied natural gas export terminal along the Pacific Coast of Mexico. Source: FuelFix
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Chevron, Petrobras plan to sell deepwater Brazilian field
Chevron and Brazil’s state oil company plan to sell their 100 percent ownership stake of a key deepwater field offshore of South America’s largest country as they both seek to sell assets to cut costs. Source:...
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Papua New Guinea calls off talks with Exxon
Papua New Guinea has called off negotiations with Exxon Mobil over developing a natural gas field there, as the two sides clashed over their financial split on the project. Source: FuelFix
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