News
One in four homes now all-electric
Twenty-five percent of homes nationwide are powered solely by electricity, reflecting new home construction that tends to build all-electric and greater demand for electricity-fueled air conditioning and hot water heaters. Source: FuelFix
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Houston area company begins operations at second offshore LNG facility in Bangladesh
The Woodlands-based liquefied natural gas company Excelerate Energy has placed its second offshore LNG facility in Bangladesh into service. Source: FuelFix
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Apache posts small quarterly loss despite Permian growth
Houston’s Apache Corp. said Wednesday it lost $47 million in the first quarter versus a $145 million profit during the first three months of 2018. Source: FuelFix
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Marathon Oil profits plunge by half
Houston’s Marathon Oil reported a $174 million net profit for the first quarter that fell about 50 percent from the first three months of 2018. Source: FuelFix
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Chevron closes $350M deal to buy Pasadena refinery
Chevron U.S.A. can officially call itself a Texas oil refiner now.Chevron officially closed a $350 million deal to buy the Pasadena refinery owned by a subsidiary of the state oil company Petrobas. Source: FuelFix
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