News
America’s oil boom feels more like bust in the shale patch
Last month, two days before the latest government prediction that U.S. shale production would hit new heights, an oil industry conference in Houston opened with a clip of Eeyore making one of his bleak utterings:...
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Ted Turner-backed solar project planned for West Texas
The Houston solar developer Merit SI and Komipo America which is owned by Korea Electric Power Corp., announced a deal to develop and build a 150-megawatt solar project in Tom Green County about 200 miles...
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Oil slides again on renewed fear over virus threat to demand
Oil slipped again after its biggest rally in five weeks as a more severe assessment of China’s coronavirus renewed fears over the threat to fuel demand. Source: FuelFix
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Marathon Oil cuts drilling budget for 2020
Houston exploration and production company Marathon Oil has cut its drilling budget by roughly 10 percent after drops in revenue and profits in 2019. Source: FuelFix
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Big Oil warned White House that China trade deal was unrealistic
(Bloomberg) — Industry leaders privately warned the Trump administration that the U.S. will struggle to produce the oil, gas and other energy products that China has committed to buy in a new trade deal, raising...
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