News
Weatherford lands five-year equipment deal with Saudi Aramco
Saudi Aramco has awarded a five-year equipment contract to struggling oilfield service company Weatherford International. Source: FuelFix
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Solar installations down this year
The U.S. solar energy industry installed 2.1 gigawatts of new solar capacity during the second quarter, a 7 percent decrease from a year ago, reflecting interconnection delays in key commercial solar markets and new rate...
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Saudi Arabia partially restores output at damaged oil plant
Saudi Arabia’s Abqaiq plant has restarted and is now processing about 2 million barrels a day, restoring just under half the output lost after the facility was damaged in an attack, said Aramco Chief Executive...
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Oil loses much of its gains after report that Saudis are recovering output
Crude oil prices plunged Tuesday morning – losing nearly half of their Monday gains – following a report that Saudi Arabia is on track to recover its crude output faster than expected. Source: FuelFix
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Saudis face lengthy oil halt with few options to fill gap
The oil market is facing a prolonged disruption to Saudi Arabia’s oil production with few options for replacing such huge output losses. Source: FuelFix
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