FuelFix
Houston CEO to lead global integration of Wood Group and Amec Foster Wheeler
Houston executive Michele McNichol is taking over the global integration for the merger of two United Kingdom-based energy engineering giants. The Wood Group is planning to buy financially struggling Amec Foster Wheeler, both of which...
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Oklahoma task force seeks to reduce earthquakes and reuse wastewater
As a part of a state initiative to address a future water shortage, the Oklahoma Water Resources Board released a report on Thursday offering solutions to Oklahoma’s newfound earthquake problem: instead of injecting wastewater from...
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BP finds hidden trove of oil in Gulf of Mexico via new subsea imaging
British oil major BP has discovered 200 million barrels of oil in a hidden cache in the Gulf of Mexico, thanks to a technological breakthrough allowing the company to see beneath geological formations that had...
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Market Currents: Strong imports can’t stop crude draw
In today’s game of rock-paper-scissors from the weekly EIA inventory report, crude inputs were propelled higher (like a rock), blunting the impact of super-strong imports (the scissors). On paper, the crude draw is bullish, but...
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OPEC, Russia to meet on extending output cuts
The energy ministers of OPEC members Saudi Arabia and Venezuela plan to meet their Russian counterpart to discuss extending oil-output cuts amid a developing consensus that they should prolong their joint effort to curb supply....
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