News
Epitome of America’s shale gas boom now warns it may go bust
Chesapeake Energy Corp. — once the epitome of America’s shale-gas fortunes — is warning it may not be able to outlast low fuel prices. Source: FuelFix
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Oil slips from 6-week high on signs U.S. supplies rose again
Oil retreated from a six-week high as signs of another increase in U.S. crude reaffirmed the prevailing view that global markets are comfortably supplied. Source: FuelFix
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Profits slip for Plains All American Pipeline in third quarter
Profits slipped for Houston pipeline operator Plains All American Pipeline LP during the third quarter. Source: FuelFix
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Thousands of acres sealed off following blowout at Eagle Ford Shale well
Thousands of acres of land remain sealed off following a blowout at a natural gas well located belonging to Devon Energy between the Eagle Ford Shale towns of Yorktown and Nordheim. Source: FuelFix
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McDermott chief financial officer resigns following $1.9 billion loss
The chief financial officer for Houston oilfield service company McDermott International resigned from his post following a $1.9 billion loss during the third quarter. Source: FuelFix
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