FuelFix
EOG chief: Industry needs $60 oil to grow
Oil companies will not produce enough crude at $40 a barrel to meet global demand, the chief executive of EOG Resources, one of the largest independent oil companies in the U.S., said on Friday. EOG...
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CenterPoint reports third quarter growth of $179 million
CenterPoint Energy Inc. reported a profit of $179 million for the third quarter, swinging from a $391 million loss during the same time period last year. The company’s revenues also rose 16 percent, or $259...
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Railroads provide survival lessons for struggling energy companies
As some energy companies lose their grip on monopolies and can no longer rely on customers to help finance their survival, one Columbia University researcher says they could learn from the near-disappearance and resurgence of another...
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U.S. drillers dispatch 9 oil rigs, with 6 in Permian Basin
Drillers put nine oil rigs back to work in U.S. fields last week, with the majority heading to the Permian Basin in West Texas, Baker Hughes said Friday. The increased drilling activity brings the fleet...
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NRG Energy profits rise on asset sales
NRG Energy said Friday that sales of assets boosted its third quarter profit, even though a milder than expected summer and lower prices hurt power sales and revenues. NRG said it earned $393 million, up...
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