News
Libya, on brink of civil war, opens Houston oil HQ
On the brink of an escalating civil war, Libya opened its new U.S. oil headquarters Wednesday in Houston with the hope of political stability and increasing petroleum output on the horizon. Source: FuelFix
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Baker Hughes to deploy motor oil-monitoring technology on fleet of ships in Dubai
Houston oilfield service company Baker Hughes has entered into a deal to deploy new Internet of Things technology to monitor motor oil on nearly two dozen ships in Dubai. Source: FuelFix
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Power pressures ease a bit for summer but shortage threat still looms
The Electric Reliability Council of Texas says the state is facing a tight power situation heading into the hottest days of the year. Source: FuelFix
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Moody's likely to downgrade Oxy if it wins Anadarko
Occidental Petroleum likely will receive a downgraded investment rating if it wins the bidding war against the much larger Chevron to acquire Anadarko Petroleum, the debt rating agency Moody’s Investors Service said Wednesday. Source: FuelFix
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MPLX to buy Andeavor Logistics in $9 billion deal
The logistics and pipeline arms of Marathon Petroleum and Andeavor have announced plans to merge less than a year after their parent companies did the same. Source: FuelFix
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