Tag: Yahoo Finance

22 Oct by Vitaliy Dadalyan Tags:

Chevron Sees ‘Boom Boom Boom’ Permian Despite Signs of Slowdown

(Bloomberg) -- Chevron Corp. sees a “boom boom boom kind of economy” in West Texas, shrugging off signs of a Permian Basin slowdown showing up in everything from jobs to hotel rooms.Steve Green, president of Chevron’s North American business, was insistent that the world’s biggest shale patch won’t be susceptible to historic boom-and-bust cycles that have dominated the Texas oil economy for decades. His booming nod to continuing good times came Tuesday during a panel discussion at the Lone Star Energy Forum in Austin.“We see a long, healthy pace of activity in the Permian and Texas for decades to come,” Green said at the forum, sponsored by the Texas Oil & Gas Association.The comments come within days of earnings releases by Schlumberger Ltd. and Halliburton Co., two of the world’s biggest providers of oilfield equipment and services, which detailed an annual drop in North American sales. The companies warned investors that...
22 Oct by Vitaliy Dadalyan Tags:

UPDATE 1-U.S. EPA chief hints vehicle CO2 limits will tighten

The Trump administration’s chief environmental regulator said on Tuesday final U.S. vehicle carbon dioxide standards due out later this year could be more restrictive than current rules enacted by the Obama administration because they will eliminate certain loopholes. "In some of the out years, we're actually more restrictive on CO2 emissions than the Obama proposal was" because the proposed Trump administration rules will eliminate "off ramps" that make it easier for automakers to comply, Environmental Protection Agency Administrator Andrew Wheeler told reporters after a speech to the Detroit Economic Club....