Baker Hughes is pivoting to customers preparing for the transition to a low-carbon future, bolstering its footprint beyond oil and gas oilfield services, its chief executive said on Tuesday. The company will continue to downsize its oilfield services and equipment portfolio, CEO Lorenzo Simonelli said at the Barclays CEO Energy-Power conference, putting more emphasis on…
Oil fell below $42 a barrel on Tuesday, its 5th session of decline, pressured by concerns that a recovery in demand could weaken as coronavirus infections flare up around the world. Coronavirus cases rose in 22 of the 50 U.S. states, a Reuters analysis showed on the Labor Day holiday weekend. New infections are also…
Lots of storms brewing in the Atlantic right now. Good news is that all of the developments in the ocean at present are forecast to miss the USA entirely.
The Rice Athletics Department will delay the opening of football practice until late September. The Owls would have needed to begin their preseason practice schedule this weekend in advance of opening the season in early October. However, current conditions related to the infection rate in Houston and the need for highly reliable and very rapid…
Georg Hegel (born 1770) is a German philosopher who lived about 200 years ago. His theories are very important in our modern day. Although Hegel is a Christian, his ideas have been twisted somewhat, primarily by the political Left. The most notable figure to use Hegel's ideas is Karl Marx in the development of Communism.…
$100 million gift to establish Houston as a worldwide hub for advanced materials research Houston, TX – September 2, 2020 – The Robert A. Welch Foundation announced today a $100 million gift to Rice University to establish The Welch Institute, a sweeping strategic partnershipfocused on world-leading advanced materials research. The Welch Institute, which will be…
The EIA published its Weekly Petroleum Status Report. Here are some highlights. All items are in millions of barrels per day except inventories, which is billions total. Dates are defined as week ending averages, except utilization rate which is a four week ending average. The full report can be found here. Item8/28/208/21/20Refinery Utilization Rate %80.280.9Petroleum…
