News
U.S. oil and gas rig count sees largest drop in six months as operators cut back
U.S. oil and gas operators pulled a net 21 rigs out of service last week, 17 oil and four gas, according to the Baker Hughes rig count. Source: FuelFix
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Phillips 66 profits fall by 50 percent
Houston refining giant Phillips 66 said its quarterly profits fell by more than 50 percent from last year driven largely by a loss in value of one of its pipeline businesses. Source: FuelFix
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Kincade fire knocks Calpine's geothermal plants partially offline
The raging Kincade fire in northern California has damaged and knocked some of Calpine’s The Geysers power plants offline. Source: FuelFix
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Huntsman turns small profit in tough petrochemicals market
The Woodlands-based petrochemical firm Huntsman Corp. said Friday it posted a small $41 million quarterly profit amid falling revenues and a market environment with depressed chemicals prices worldwide. Source: FuelFix
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New Midwest wind farm on books for EDP Renewables
EDP Renewables, the Portuguese company whose North America unit is based in Houston that develops wind and solar farms, announced a deal to build a new 302 megawatt wind farm in Indiana. Source: FuelFix
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