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Comment: Cost-cutting won’t save the oil and gas industry. Customer focus will
A singular focus on cost-cutting is unlikely to fix the more fundamental problems with strategy that many companies in the oil and gas industry, particularly the engineering and construction players, seem to ignore, the authors...
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Trump administration gives energy companies another three months in Venezuela
The Trump administration has given five energy companies with strong ties to Houston permission to stay in Venezuela another three months despite harsh economic sanctions designed to unseat strongman Nicolas Maduro. Source: FuelFix
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Wells Fargo inks solar deal with NRG
Wells Fargo, the San Francisco-based bank, negotiated a 10-year renewable energy deal with Reliant Energy, the retail electric provider owned by Houston and New Jersey based NRG Energy. Source: FuelFix
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Solar expected to lead renewable development in next five years: study
Global capacity of renewable power is expected to grow by 50 percent in the next five years, reflecting a surge in new solar energy systems on commercial buildings, industrial sites and homes. Source: FuelFix
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Halliburton stacks more frack crews amid weak third quarter demand
Declining activity in U.S. shale fields continued to sting Houston oilfield service company Halliburton during the third quarter where the company stacked more hydraulic fracturing crews and deployed other cost-cutting measures. Source: FuelFix
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