Archives for July 2016
BG Group to cut more than 150 jobs in Houston, close office
HOUSTON – A U.S. unit of BG Group, the British natural gas producer Shell purchased for more than $50 billion a few months ago, says it’s planning to cut more than 150 Houston jobs as...
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Climate change cost for fossil fuel industry: $33 trillion
The fossil fuel industry risks losing $33 trillion in revenue over the next 25 years as global warming may drive companies to leave oil, natural gas and coal in the ground, according to a...
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OPEC oil production at nearly 8-year high, Platts says
HOUSTON – The Organization of Petroleum Exporting Countries pumped the most oil in almost eight years last month, a sign producers are still trying to carve out a bigger piece of the global market, S&P...
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Gasoline prices continue monthlong slide
The summer demand for fuel is expected to remain near record levels, but gasoline prices likely maxed out in June and could keep falling, according to daily survey data collected by GasBuddy.com Source: FuelFix
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Future shale production will hinge on technology, EIA says
HOUSTON – After the energy bust, the future of U.S. shale oil will depend greatly on how quickly drilling technology can evolve over the next 25 years, the Energy Information Administration says. Rapid technological change...
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