News
Electricity prices to stay low as long as it doesn't get too hot
Cooler than normal temperatures and ample generation supplies have kept electricity prices unusually low this summer. And the trend is likely to continue — as long as we don’t have a heat wave. Source: FuelFix
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Baker Hughes, McDermott land contracts to develop Ichthys LNG in Australia
Houston oilfield service companies Baker Hughes and McDermott International have landed contracts to develop Ichthys LNG, a large liquefied natural gas project off the northwest coast of Australia. Source: FuelFix
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Enterprise makes final investment decision on offshore crude oil export terminal
Houston pipeline operator Enterprise Products Partners has made a final investment decision on the company’s prpoosed offshore crude oil export terminal following two contracts with Chevron. Source: FuelFix
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Centrica CEO to step down; sell oil and gas business
The top executive of British-owned Centrica, owner of Direct Energy, will be stepping down after what the company describes as an exceptionally challenging six months which included outages at its nuclear sites, pension deficits and...
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Osaka Gas buys Sabine O&G – first Japanese purchase of shale firm
Osaka Gas said it will buy Houston’s Sabine Oil & Gas to mark the first time a Japanese firm has taken full ownership of a U.S. shale producer. Source: FuelFix
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