A series of patented solutions developed by a research team from Purdue University in the United States, allows to create a two-stage process of converting shale gas into gasoline and diesel fuel. This development will be able to solve the problem of energy-intensive and high-cost processes that exist today in the US shale industry. According to the professor of the Davidson School of Chemical Engineering in Purdue, Jeffrey Miller, the financial potential of new technologies per year is more than 25 billion dollars. He also noted that, due to the higher molecular weight, transportation of products developed by the University to refineries would be much cheaper.
On Thursday, United Airlines' (UAL.O) and its pilots' union said that they had reached an agreement on two different resolutions to reduce involuntary furloughs in August. The company said that it would keep pilots ready once the global travel ...
Oil prices steadied on Friday as the market was filled with uncertainty on fuel demand recovery. This came after coronavirus cases continued to surge while major oil producers began to loosen output cuts. U.S. West Texas Intermediate crude ...
Singapore’s economy recorded its sharpest contraction in the second quarter. This placed the trade-dependent city-state into recession as it is also expected to suffer from its worst inactivity this year on virus-beaten businesses. The ...
On Monday, United Airlines (UAL.O) announced that it would continue adding more flights for international routes in September. The airline company plans to reintroduce flights that were canceled due to coronavirus pandemic. United Airlines ...
Berkshire Hathaway Inc.’s (BRK.A, BRK.B) Chief Executive Officer Warren Buffett announced on Monday that its energy unit agreed to purchase the natural gas transmission and storage assets of utility company Dominion Energy Inc. (D.N) ...