News
Venezuela is tearing apart oil pipelines to sell as scrap metal
Nicolas Maduro regime is willing to cannibalize the country’s crumbling energy infrastructure to pay contractors with scrap metal. Source: FuelFix
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Enterprise cancels Midland-to-Houston pipeline amid downturn
The Houston pipeline operator said it will cancel a pipeline project from Midland, Texas to the Houston area. Source: FuelFix
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Bruin E&P emerges from Ch. 11 bankruptcy
Bruin E&P Partners has emerged from bankruptcy, which allowed the Houston oil and gas company to eliminate the majority of its debt off the books. Source: FuelFix
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Oil prices could get lift as Gulf storms shut-in production
Besides storms in the Gulf of Mexico, analysts are looking at trouble in Libya as an oil market factor this week. In the broader view, however, the price of oil looks to be stuck in...
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Mass offshore oil-servicer busts imperil $30 billion of debt
Offshore oil servicers are going bust at the fastest pace in three years as explorers spurn high-cost drilling to deal with a worldwide slump in commodity prices. Source: FuelFix
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