Global gasoline prices don’t look the same as in the U.S.
Weak global demand and a flood of cheap oil from North American producers are sending the price of gasoline plummeting, but the savings won't look the same around the globe as they do in the U.S.
View ArticleChevron pulls out of shale gas exploration in Romania
The company began drilling for shale gas at its exploration well in northeastern Romania in 2014, a project that drew protests. It is also ending its three other concessions in Romania.
View ArticleMaker of chemical plant components opens Pearland plant
Mitsubishi Heavy Industries Compressor International Corp. officially opened its $75 million manufacturing plant in Pearland, where it plans to put the finishing touches on compressors and steam...
View ArticleReport: Shale boom helps plastics industry stage a comeback
The U.S. plastics industry is mounting a comeback thanks to a surge of cheap, abundant natural gas that's providing the nation with a competitive advantage over other countries for the first time in...
View ArticleExxon CEO touts climate benefits of shale gas
European oil companies including Royal Dutch Shell Plc, BP Plc and Total SA are promoting gas as a way to limit the growth of emissions blamed for climate change. They have also called for a price on...
View ArticleArgentina, China ripe for more shale development, EIA says
Outside of North America, Argentina and China are the only two nations that are producing commercial quantities of natural gas trapped in deep-seated shale formations, and they both have the capacity...
View ArticleConocoPhillips halts Sichuan shale gas talks with PetroChina
While China has sought to replicate the U.S. shale boom, the nation last year cut its 2020 shale gas production target to about a third of its original estimate amid difficult geology, lack of...
View ArticleDespite weak sales, Dow’s profits surge 28 percent
The Michigan-based corporation with a sprawling plant in Freeport reported a strong second quarter even though its sales dropped $12.9 billion, or 13 percent, from the same time last year under...
View ArticleBillionaire said to be considering sale of U.S. shale gas holdings
Indian billionaire Mukesh Ambani’s Reliance Industries Ltd. is weighing a sale of its U.S. shale gas investments, people with knowledge of the matter said.
View ArticleReport: Shale gas surge will export benefits abroad, leaving marginal U.S. gains
The analysis, posted on the Energy Department’s website Monday, comes as U.S. regulators consider an unprecedented number of proposals to export natural gas from booming shale fields.
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