News
Why is the IRS delaying tax break for carbon capture?
Sixteen months after Congress passed legislation increasing tax credits for carbon capture projects, the Internal Revenue Service is coming under fire for not updating the tax code to reflect the change. Source: FuelFix
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ERCOT rejects opening electrical can of worms
The manager of the Texas electric grid said Wednesday that it should not be forced to fix a data error that increased electricity costs by millions of dollars and reprice a block of wholesale power...
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Oil holds loss on growth gloom
Oil held its biggest loss in a week as signs that growth is slowing in major economies overshadowed the longest run of declines in U.S. crude stockpiles since the start of 2018. Source: FuelFix
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LNG, offshore contract wins boost revenue for TechnipFMC in second quarter
Contract wins in the liquefied natural gas and offshore industiries boosted revenues for oilfield service company TechnipFMC by double digits during the second quarter. Source: FuelFix
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Job cuts expected at NOV amid ongoing oil & gas industry slump
Job cuts are expected at Houston oilfield service company National Oilwell Varco following the implementation of a company restructuring plan created in response to an ongoing industry slump in the U.S. shale basins. Source: FuelFix
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