Archives for November 2019
McDermott chief financial officer resigns following $1.9 billion loss
The chief financial officer for Houston oilfield service company McDermott International resigned from his post following a $1.9 billion loss during the third quarter. Source: FuelFix
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Westlake Chemical profits fall on Chinese trade war woes
Westlake Chemical saw its profits plunge nearly 50 percent as the ongoing trade war with China continues to hit the bottom line of the petrochemical sector. Source: FuelFix
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Renewables can't get grid to net zero alone, MIT scientists say
Getting the power grid to net-zero carbon emissions by 2050 will be far less costly if nuclear power, along with wind and solar energy, can be expanded on the power grid, according to scientists from...
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Oil gains for a third day as trade deal optimism extends
Oil rose for a third day, buoyed by signs of progress in the prolonged U.S.-China trade dispute, despite expectations for expanding American crude stockpiles. Source: FuelFix
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OPEC sees market share shrinking for years as shale triumphs
OPEC slashed estimates for the amount of oil it will need to pump in coming years, projecting that its share of world markets will shrink until the middle of the next decade amid a flood...
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