Archives for 2016
Natural gas glut to continue through decade, IEA says
While oil markets will start rebalancing after a slump next year, an oversupply in natural gas won’t disappear until the end of the decade, the International Energy Agency said, slashing its gas demand outlook for...
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Nigerian militants blow up Chevron oil well
WARRI, Nigeria (AP) — Nigerian oil militants said they blew up another Chevron oil well Wednesday in a rejection of the government’s offer of peace talks. The bombing comes a day after the government ordered...
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Oil at $50: Time to drill, baby, drill?
Oil closed above $50 a barrel in New York for the first time in 10 months and U.S. production has fallen to the lowest in almost two years. Time to drill, baby, drill? Investors are...
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Texas consumers pay more in deregulated electricity markets, study says
The 85 percent of Texans in deregulated parts of the state also pay nearly 15 percent more than Lone Star residents in integrated utilities, such as San Antonio and Austin, although the gap has narrowed,...
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Shell will build Pennsylvania chemical plant, mum on Gulf Coast projects
Royal Dutch Shell said Tuesday it will build a multibillion-dollar petrochemical complex near Pittsburgh to make base chemicals and plastics from the natural gas produced within the Marcellus and Utica shale basins. But the project...
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