News
Mass offshore oil-servicer busts imperil $30 billion of debt
Offshore oil servicers are going bust at the fastest pace in three years as explorers spurn high-cost drilling to deal with a worldwide slump in commodity prices. Source: FuelFix
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Trump extends LNG exports through 2050
President Donald Trump has extended U.S. LNG exports until 2050, following a fiery speech in Midland in which he claimed Democratic candidate Joe Biden would mean the end of the Texas oil and gas industry....
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Kinder Morgan posts $637 million loss in second quarter
Houston pipeline operator Kinder Morgan lost $637 million in the second quarter after writing down $1 billion of assets to move natural gas within shale states such as North Dakota, Oklahoma and Texas. Source: FuelFix
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Castañeda wins Democrat nomination in Railroad Commission race
Dallas energy attorney Chrysta Castañeda won a Tuesday night Democratic Party runoff to secure nomination to run against Republican Jim Wright in November’s general election for one of three seats on the Railroad Commission of...
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Gasoline prices resume decline after weeks of increases
Gasoline prices in the Houston area have declined by nearly 3 cents in the past week, breaking a string of increases over several weeks. Source: FuelFix
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