News
Keystone pipeline shuts after oil spill in North Dakota
The Keystone crude oil pipeline was shut following a spill in North Dakota, the third along the pipeline’s route in less than three years, roiling Canadian and U.S. oil markets. Source: FuelFix
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Wind spending shifts to maintenance/operations as federal tax credits expire
A surge in new wind farms before federal tax credits expire is expected to boost the amount of money that will be spent on wind power operations and maintenance, according to a new report. Source:...
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Shell warns of weak economic outlook despite bumper profit
Royal Dutch Shell Plc said the worsening economy could slow the pace of returns to shareholders, overshadowing a strong third-quarter trading performance that yielded bumper profits. Source: FuelFix
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Fluor posts $742 million loss during third quarter amid company overhaul
Dallas engineering, procurement and engineering company Fluor posted a nearly three-quarter billion loss during the third quarter amid a companywide overhaul. Source: FuelFix
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Weatherford posts $821 million loss during third quarter
Switzerland and Houston-based oil field service company Weatherford International posted an $821 million loss during the third quarter — marking 19 consecutive quarters of losses for the bankrupt company. Source: FuelFix
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