News
EP Energy files for bankruptcy amid struggles
Houston’s EP Energy filed for bankruptcy protection Friday morning, the latest of a recent string of energy companies to pull the trigger on Chapter 11 bankruptcy. Source: FuelFix
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Shale jobs are drying up in the Permian Basin
Signs of a slowdown permeate the Permian Basin, the 55 million acres in West Texas and New Mexico whose abundant oil and widespread fracking fueled America’s quest for energy independence. Source: FuelFix
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Oil set for biggest weekly drop since July on demand pessimism
Oil headed for its biggest weekly decline since the middle of July as a streak of disappointing economic data added to fears a global recession is coming. Source: FuelFix
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Nearly half of world's power will come from wind, solar and water in 30 years
In three decades, renewable energy sources are expected to provide nearly half the world’s supply of electricity, up from the current rate of 28 percent. Source: FuelFix
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BP Chief Executive Bob Dudley retiring, Looney tapped as successor
BP’s first American chief executive will retire in March, paving the way for Bernard Looney to step in next year as the new head of the British energy major. Source: FuelFix
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