News
Barry caused 330,000 barrel drop in Gulf oil production
The evacuation of oil platforms in the Gulf of Mexico during Hurricane Barry caused oil production there to fall more than 330,000 barrels in July, the U.S. Energy Information Administration said Wednesday. Source: FuelFix
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Exxon Mobil weighs sale of Malaysian offshore assets
Exxon Mobil Corp is considering a sale of its offshore Malaysia upstream assets as part of U.S. energy giant’s divestiture program, according to people with knowledge of the matter. Source: FuelFix
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Oil holds losses as swelling U.S. stockpiles add to trades woes
Oil held losses near a two-month low on fading prospects for a resolution to the protracted U.S.-China trade spat and signs American crude inventories expanded for a fourth week. Source: FuelFix
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More solar means more maintenance costs, study finds
The annual cost of operating and maintaining solar energy plants is expected to double in five years, reflecting an increase in future demand while maintaining current installed capacity. Source: FuelFix
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Weatherford lands three contracts in Iraq
Struggling oilfield service company Weatherford International has landed three contracts in the oil fields of Iraq. Source: FuelFix
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