Article From Offshore Engineer: Baker Hughes Plots Low Carbon Future , 9/8/2020

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…

Press Release: The Welch Foundation and Rice University Announce Creation of The Welch Institute

$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…

By The Numbers, 9/2/2020

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…