News
Oil companies underestimate the growth of renewables, study says
The spread of affordable electric vehicles and solar polar could halt demand for fossil fuels, like coal and oil, by 2020, upsetting the goals of big energy companies who are looking to expand, according to...
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BP misses profit estimates
BP Plc reported fourth-quarter earnings that missed analyst estimates after higher oil prices failed to fully compensate for lower income from refining. Profit adjusted for one-time items and inventory changes totaled $400 million, falling short...
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Transocean, Atwood cut 200 offshore Gulf jobs
Transocean and Atwood Oceanics eliminated about 200 combined jobs for offshore energy workers in the Gulf of Mexico as drilling rigs are either relocated or put out of work. Switzerland-based Transocean, which operates out of...
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Oil & gas, a Super Bowl party, and a 12-foot-tall meat smoker
Super Bowl Live, the public party on downtown Houston’s Discovery Green, was crammed full of science and technology exhibits over the weekend: A virtual reality game from Royal Dutch Shell. A tower drop ride by...
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Market Currents: OPEC oil exports dropping to U.S.
Rather than rallying like Tom Brady and the New England Patriots, oil today is instead dropping faster than Lady Gaga’s mic, ushered lower by a stronger dollar and ongoing expectations of an amply-supplied market. Hark,...
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