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Their declaration follows a joint letter that was sent to the top UN official in charge of climate talks earlier this year, in which six European oil companies split from their U.S. peers and banded together to call for governments to agree to carbon pricing.
The 100,000-barrel-a-day Fractionator One project at Phillips 66’s Sweeny complex is part of a $3 billion capital expansion project in southern Texas launched last year.
Two hundred and twenty-two years after the death of Marie Antoinette, and the crude complex is trying not to lose its head. After a week of dragging its feet and looking downbeat, oil prices are finally mustering a bounce into the weekend, as bad news is not good news….it’s great! Crude is not only being […]
Schlumberger and other oil field services companies had expected oil patch activity to rebound by now, but the company’s third quarter earnings painted a bleak picture for the industry.
Analysts expect Whiting Petroleum, one of the largest producers in North Dakota’s Bakken shale basin, to spend almost $1 billion more than it earns from oil and gas this year.
Southern Company is seeking to set the global blueprint on making clean-coal projects work.
The U.S. Energy Information Administration said that stocks of oil across the country rose by 7.6 million barrels in the week ending Oct. 9, bringing the total amount of oil in commercial storage to a 80-year-plus seasonal high of 468.6 million barrels.
The state and federal governments have decided not to pursue $92 million in additional damages from Exxon Mobil Corp., citing the recovery of ducks and sea otters in Alaska’s Prince William Sound following a devastating oil spill more than two decades ago.
The Middle Eastern country is one of the cheapest places in the world to tap new oil fields and pump from existing wells.
Repsol SA said Thursday that its 2016-2020 strategic plan calls for spending to be cut 38 percent without altering the company’s profile.