News
Callon Petroleum acquires Carrizo Oil at $1.21 billion price tag in merger of Houston firms
Callon Petroleum said Monday it will acquire Carrizo Oil & Gas at a price tag of more than $1.2 billion in a combination of two Houston oil producers. Source: FuelFix
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Fusion energy startups see renewables leaving a gap in power market
The world needs explosive growth in renewable energy for the next three decades, but even that probably won’t be enough to forestall catastrophic climate change. Source: FuelFix
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Oil trades near $60 on storm disruption as glut concerns linger
Oil traded near $60 a barrel after a storm shut almost three-quarters of U.S. Gulf of Mexico crude production, even as lingering demand concerns continue to dent the outlook. Source: FuelFix
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Exxon’s loss in a European court may be a gain for carbon market
Exxon Mobil Corp.’s loss in a court case in Europe may translate into a gain for carbon prices in the continent’s emissions trading system. Source: FuelFix
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Houston oil executive gets 18 years in prison for defrauding investors
Daniel Walsh was sentenced to state prison for defrauding investors who thought they were paying for the drilling and testing of wells — but instead paid his mortgage. Source: FuelFix
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