News
OTC attendance down for 5th consecutive year
Attendance at the Offshore Technology Conference fell for the fifth consecutive year to 59,200, despite high oil prices and a spike in new discoveries. Source: FuelFix
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Increased operating costs sting Cheniere Energy during first quarter
Houston liquefied natural gas company Cheniere Energy posted a $141 million profit during the first quarter where it was stung by higher operating costs but nonetheless beat Wall Street expectations. Source: FuelFix
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Mild weather in January depressed Centerpoint earnings
Centerpoint Energy, the Houston-based utility company, reported net income of $140 million for the first quarter ended March 31, compared to $165 million during the same quarter one year ago, reflecting more moderate temperatures this...
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Chevron bows out; Oxy wins Anadarko
Chevron said Thursday it will bow out and allow the smaller Occidental Petroleum to win the nearly $40 billion bidding war for Anadarko Petroleum. Source: FuelFix
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Oil drops as Trump's battle with China offsets Iranian tensions
Oil fell as flaring trade tensions between the world’s two biggest economies overshadowed concerns over supply disruptions from Iran to Venezuela. Source: FuelFix
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