News
Centerpoint swings to profit
CenterPoint Energy, the Houston, said it swung to a profit in the second quarter, citing higher utility rates from regulators, lower operation and maintenance expenses and customer growth. Source: FuelFix
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NRG's second quarter profit doubles
NRG said its profits rose to $202 million in the second quarter from $96 million during the same period a year earlier. Source: FuelFix
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Plains completes Cactus II pipeline, adds partners on Wink to Webster project
Houston’s Plains All American said it completed its Cactus II crude oil pipeline from West Texas to the Corpus Christi area and added new partners to another major Permian pipeline project to Houston. Source: FuelFix
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Oil plunges below $52 on inventories hike, global demand woes
The U.S. benchmark for oil prices plunged below $52 a barrel on Wednesday amid news of rising crude stockpiles and growing concerns about global demand woes and an economic slowdown. Source: FuelFix
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Permian fracking activity sets new records with fewer people
More Permian Basin wells are being hydraulically fractured and completed than ever before, and the work is being done with far fewer workers than just a year ago, according to new studies. Source: FuelFix
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