November 2016

Occidental Petroleum loss misses Street forecast as output drops

Energy Financial

Occidental Petroleum shares down three per cent in morning trading Nov 1 (Reuters) – Occidental Petroleum Corp posted a larger-than-expected quarterly loss on Tuesday, as the Houston-based company curtailed production due to the slump in oil prices. Shares of the company fell more than 3 per cent to $70.54 in morning trading after the third-quarter loss […]

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ExxonMobil pilot plant to test “novel” fuel cell carbon capture technology

Innovation

Carbonate fuel cells generate electricity, hydrogen while capturing/concentrating CO2 streams, reducing costs The world’s largest oil and gas company is stepping up testing of fuel cell carbon technology development, designed to sequester carbon dioxide from both coal and gas-fired power plants. FuelCell Energy, Inc. (Nasdaq: FCEL) andExxonMobil (NYSE: XOM) say they have selected the location to test

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Shell takes top earnings spot from Exxon as oil majors adapt to low prices

Energy Financial

Shell CFO calls Permian Basin a “crown jewel” By Ron Bousso and Karolin Schaps LONDON, Nov 1 (Reuters) – Royal Dutch Shell and BP on Tuesday joined peers in reporting higher than expected earnings by making further deep cuts in spending to cope with an oil price downturn now in its third year. The companies said they

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Global chemicals production ends Q3 on soft note

News

Gains were registered in pharmaceuticals, agricultural chemicals, organic chemicals, and coatings. Plastics resins activity was flat WASHINGTON – The American Chemistry Council’s Global Chemicals Production Regional Index (Global CPRI) shows that growth in the industry has been nearly flat most of 2016. The headline index for Sept. showed no gain or loss on a three-month moving

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