Archives for 2017
BP opens first retail gas station in Mexico
BP this week opened the first internationally-branded retail gas station in Mexico since the country deregulated its energy sector. The fueling station in the suburb of Satélite, north of Mexico City, is the first of...
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Oil prices settle at lowest point since before OPEC cut agreement
U.S. oil prices tumbled below $50 a barrel on Thursday, down about 2 percent to the lowest settlement since the day before OPEC solidified plans to cut oil production in late November. The price decline...
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Commentary: An important new electricity source for Texas
Texas has a mixed bag of fuels to generate the state’s electricity. This includes natural gas (55 perent), coal/lignite (24 percent), wind (14 percent), nuclear (6 percent), and solar (1 percent). But this mix...
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Shell CEO: Peak oil demand could arrive in late 2020s
The global demand for oil could peak as soon as the late 2020s as the world continues to rely more on natural gas and renewable energy sources, Royal Dutch Shell CEO Ben van Beurden said...
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Shell sells Canadian assets for $7.3 billion
Royal Dutch Shell said it has agreed to sell much of its Canadian oil sands business for $8.5 billion. It has also struck a deal to purchase other Canadian assets from Houston’s Marathon Oil Corp....
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