News
America’s Coal Country isn’t dead — it’s preparing for a comeback
(Bloomberg) — At least five of America’s coal producers went bankrupt in 2019. Prices for the fossil fuel have plunged 40% since a 2018 peak. And some of the nation’s largest miners are retrenching and slashing...
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Big Oil explores adding more cheap ethanol to gasoline in Iowa
(Bloomberg) — BP Plc and Royal Dutch Shell Plc are exploring adding more ethanol in gasoline in top corn state Iowa to take advantage of how cheap the biofuel has become. The oil majors are...
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Halliburton to pay down debt by issuing $1 billion of lower-interest debt
Houston oilfield service company Halliburton plans to pay down its long-term debt by issuing $1 billion worth of lower-interest debt. Source: FuelFix
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Pioneer increases drilling budget while other oil companies shrink theirs
Citing substantial improvements in efficiency, Irving exploration and production company Pioneer Natural Resources plans to increase its drilling budget at a time other oil companies are shrinking theirs. Source: FuelFix
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CenterPoint CEO out; interim leader named
Scott M. Prochazka, the chief executive officer of CenterPoint Energy, was replaced Wednesday, just days after the Public Utility Commission approved a drastically reduced rate increase for the Houston utility Source: FuelFix
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