FuelFix
Oilfield equipment firms merge to form Innovex Downhole Solutions
Three businesses that design, manufacture and sell tools and equipment for oil and gas drilling have combined resources to form a new oilfield services company. Houston-based Innovex Downhole Solutions formed from the union of The Woodlands-based...
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Market Currents: Gasoline outage woes return
As gasoline charges higher due to another outage on the Colonial pipeline, crude prices are getting caught up in its slipstream, being dragged higher after yesterday’s drubbing. Tomorrow brings another weekly inventory report, but for...
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Anadarko dumps gas, seeks oil
Anadarko Petroleum Corp. does not see its future in natural gas, and will increasingly focus on three oil-rich basins — in West Texas, Colorado and the Gulf of Mexico, company executives said on Tuesday. The...
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LyondellBasell posts $952 million profit on stronger European margins
Houston-based petrochemical giant LyondellBasell reported a $952 million profit in the third quarter, about a 20 percent decline from the same time last year. LyondellBasell saw its profits buoyed by improved performance in Europe, while its net...
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KBR reports $63 million loss as strategic focus shifts
Houston-based KBR reported what its CEO called a disappointing $63 million loss for the third quarter — dragged down by a business it’s exiting. KBR President and Chief Executive Officer Stuart Bradie attributed the financial...
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