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Apache calls it quits on Alpine High after $3 billion charge
(Bloomberg) — Apache Corp. is officially calling it quits on a highly publicized but disappointing shale discovery in West Texas after vehemently defending the prospect for about three years. The Houston-based company posted a roughly...
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CenterPoint earnings double as interim CEO says he has no plans to step down
CenterPoint Energy, the regulated utility that delivers electricity to most of the Houston area, reported that growth in new customers, favorable weather and better cost management contributed to a good year in which net income...
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Losses widen for TechnipFMC in fourth quarter, 2019
TechnipFMC said its losses widened in the fourth quarter following other oil field services companies that posted big losses amid lackluster oil prices and global slowdown in the oil and gas industry. Source: FuelFix
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NRG earnings recharged in 2019 as CEO hints at going private
NRG Energy, one of the state’s biggest power generators and power retailers, said it strengthened its balance sheet last year, reduced its debt and is on the path to an investment grade rating. Source: FuelFix
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Oil extends slump past 13-month low on mounting pandemic fears
Oil extended losses after closing at a 13-month low as more new coronavirus cases were reported outside China than within, adding to fears the world is on the brink of a pandemic that will take...
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