** Chevron Corporation announced Thursday a 2021 organic capital and exploratory spending program of $14 billion and lowered its longer-term guidance to $14 to $16 billion annually through 2025. ** EPA Administrator Andrew Wheeler is quarantining after exposure to a person diagnosed with Covid-19. Wheeler had contact earlier this week with a masked person who …
December 3, 2020 archive
Global benchmark Brent crude could soon include WTI oil
West Texas Intermediate crude could soon become a part of the global oil benchmark Brent Crude. Bloomberg says S and P Global Platts is considering including WTI Midland crude to its main North Sea benchmark, a move it reports could potentially transform a marker price for millions of barrels of crude oil transactions every …
US sets a record for energy storage
When NextEra Energy put Oklahoma’s first battery energy storage system on line last month near Marlow, it joined a quickly growing national movement of energy storage. In the last three months, the energy storage market in the U.S. has boomed reported QUARTZ which stated that new data from Wood Mackenzie gave a major boost …
Shell starts shutdown of Louisiana refinery
The shutdown of Shell’s refinery in Convent, Louisiana started this week. Unable to sell the 211,146 barrel-per-day refinery, Shell made the decision last month to permanently close the operation. The operation had been suffering due to the COVID-19 pandemic and lack of demand for gasoline. Click here for story from Reuters.
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