A carbon tax or cap-and-trade system in the U.S. — and globally — would serve the energy industry better than the current slate of piecemeal state and federal regulations, Shell Oil Co. President Marvin Odum said Tuesday at a University of Houston energy symposium on “Carbon Tax: Is It the Right Time?”
The liquefied natural gas project would be one of the largest of its kind, with an 800-mile pipeline, a gas treatment plant and transmission lines connecting to gas fields, and a liquefaction plant and export terminal.
Shell has found another $1 billion in costs it could shake free after it buys BG Group, company officials said, taking on recent investor concerns about the huge acquisition it announced when crude was more expensive in the spring.
On the 70th birthday of the Fonz (aka Henry Winkler), commodities are trying to stay cool amid a bearish barrage of news. We have had Q3 earnings from Exxon Mobil and Chevron to round out big oil’s reporting; both fell in lockstep with the trend of the other members – falling profits but strong downstream […]
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