News
Schlumberger's profit falls on shale drilling, fracking slowdown
Schlumberger, the world’s leading energy services company, said Thursday that its first quarter profit fell 20 percent from a year ago as a slowdown in North American shale plays crimped revenues. Source: FuelFix
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ConocoPhillips sells UK North Sea assets for $2.68B
ConocoPhillips said Thursday it will sell its United Kingdom-based North Sea assets for $2.68 billion as the Houston producer focuses more on North America and global liquefied natural gas projects. Source: FuelFix
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Oil steadies as political risks mingle with economic worries
Oil steadied below $64 a barrel in New York as ongoing threats to supply from political crises were offset by disappointing indicators on the global economy. Source: FuelFix
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New wind project for West Texas
French owned-Engie North America announced it started construction on a wind project in Andrews County north of Odessa in West Texas, the company’s fifth wind project in the past year. Source: FuelFix
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Kinder Morgan in discussions to build third natural gas pipeline in Permian Basin
Houston pipeline operator Kinder Morgan is in the middle of building two projects to move natural gas from the Permian Basin to the Gulf Coast but has confirmed discussions to develop a third. Source: FuelFix
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