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Shell’s second-quarter earnings spike 245%

HOUSTON, July 27 07/27/2017 By OGJ editors Royal Dutch Shell PLC reported second-quarter earnings on a current cost of supplies basis, excluding identified items, of $3.6 billion, up from $1.05 billion in second-quarter 2016. For the first half, the supermajor recorded earnings of $7.36 billion, up from $2.6 billion in first-half 2016. “Shell’s strong results... Read More

Chevron’s Salt Lake City refinery plans alkylation unit revamp

HOUSTON, Oct. 4 10/04/2016 By Robert Brelsford OGJ Downstream Technology Editor       Chevron Corp. is planning to convert the existing 4,500-b/d hydrofluoric acid (HF) alkylation unit at its 53,000-b/d refinery in Salt Lake City, Utah, into the first-ever alkylation unit in the US based on ionic liquids (IL) alkylation technology. Chevron will convert the existing 4,500-b/d HF alkylation unit... Read More

State law pre-empts local fracing bans, Colorado Supreme Court rules

WASHINGTON, DC, May 2  05/02/2016 By Nick Snow OGJ Washington Editor       The Colorado Supreme Court overturned statutes that ban hydraulic fracturing in two communities along the state’s populous Front Range because they conflict with state law that authorizes the technology’s use. The May 2 decision is final because it resolves a state matter and cannot be appealed to a... Read More

MARKET WATCH: Oil prices fall, hovering above $30/bbl

MARKET WATCH: Oil prices fall, hovering above $30/bbl HOUSTON, Jan. 26 01/26/2016 By Paula Dittrick OGJ Upstream Technology Editor       Light, sweet crude prices tumbled on the New York market Jan. 25 to settle above $30/bbl, giving up much of the gains from two previous trading sessions, and analysts blamed the price decline upon lingering concerns about an oversupplied world... Read More

Environmentalists want California to stop offshore hydraulic fracturing

LOS ANGELES (AP) — Environmentalists Tuesday called on Gov. Jerry Brown to halt plans for months of hydraulic fracturing in the waters off Southern California, warning that it could lead to chemical pollution or an oil spill. State regulators this month approved nine permits for operator Thums Long Beach Co. for so-called fracking operations between August and December in... Read More