One of the reasons President Obama felt free to reject Keystone XL is today’s low oil prices, which are likely to continue for some time because demand is weak and supply abundant. Environmentalists cheered his action as a major boost to the up coming climate talks in Paris. They like the decision but not the […]
Only two oil and gas companies — California-based Chevron Corp. and Houston-based Shell Oil Co. — scored perfect scores out of a record-breaking 407 businesses that received top “100” scores. A few power, utility and chemical companies also received perfect scores. Many energy companies scored low or outright refused to participate.
Royal Dutch Shell has drilled its longest-ever well and found 100 million barrels of oil equivalent buried at one of its recent deep-water discoveries in the Gulf of Mexico, the company said Wednesday.
Investment banking firm Piper Jaffray’s cash and stock offer for Simmons, announced Tuesday, would fold one of the few private, energy-centric investment banks based in Houston into a Minneapolis-based, publicly traded company.
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