Contenders in the battle for oil market share include Russian oil companies, Brazil’s state-run Petrobras and oil fields in China and Southeast Asia, which have all pumped thousands of barrels into a global crude glut.
The on-site machining company for energy infrastructure and industrial plants saw its chairman resign and its corporate board expanded to welcome three activist investors who had accused the corporate leadership of ineptitude and cronyism.
America’s Natural Gas Alliance on Tuesday called on the federal government to revamp its lengthy and expensive permitting process for projects aimed at exporting supercooled gas to foreign markets, arguing that such exports are in the country’s national interest.
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