Archives for December 2018
Rice University report: 'One-off' fixes for plastic waste aren't helpful
The oil industry often points to plastics – and the petrochemicals behind them – as key to supporting future demand for oil in the face of flattening demand for gasoline. But plastic trash poses an existential...
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Transocean closes Ocean Rig acquisition
Offshore driller Transocean closed Wednesday on its nearly $3 billion acquisition of the smaller rival Ocean Rig. Source: FuelFix
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U.S. coal consumption falls to lowest level since 1970s
According to a report from the U.S. Energy Information Administration, the United States will likely burn through 691 million short tons of coal this year, the lowest level since 1979 and a 39 percent drop...
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Oil advances while Al-Falih says OPEC deal remains unresolved
Oil steadied following the biggest two-day gain since June as investors weigh whether OPEC and its allies will cut production in meetings in Vienna this week. Source: FuelFix
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Permian Basin gas flaring has nearly doubled in a year
Record-high oil and gas production from West Texas’ booming Permian Basin also has led to record-high waste and pollution in the form of gas flaring. Source: FuelFix
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