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The kingdom owns, either directly or through joint-ventures, plants capable of processing 5.3 million barrels a day.
While growth in the petrochemical sector is helping some engineering and construction companies, a recent Wood Mackenzie report, for instance, shows that $1.5 trillion in pending North American shale projects are not profitable with oil at $50 a barrel.
Light, sweet crude flowing out of the Eagle Ford would attract higher, premium prices on the world market, if those oil exports weren’t prohibited by U.S. trade policy, a Rice University study concludes.
Manufacturing activity in Texas was flat for the second consecutive month in February, the Federal Reserve Bank of Dallas revealed in its latest survey on the sector.
Researchers at Rice University they’ve discovered a way to simplify the process used to make solar cell components, which could make the technology less expensive to produce.
Rice University wants to bring Houston the same Cambrian explosion of startup companies that began in Palo Alto and Boston decades ago – but for oil and gas, a Rice official said Wednesday.
As global energy demand rises, the United States must do a better job making its oil boom sustainable in places like the Bakken Shale, where fractured wells recover just 4 percent of the underground resource, a Rice University official said Wednesday.
Charles McConnell, the head of Rice University’s new Energy and Environment Initiative, speaks with FuelFix recently about technology, energy policy and his new job.
Despite the nation’s shale gusher, domestic demand for oil has remained flat during the past decade. But unlike most periods of stagnant demand, a weakened economy isn’t the only culprit.