oil industry

From Fronteras Desk and Texas Standard:

President Donald Trump says he’ll renegotiate the North American Free Trade Agreement (NAFTA) with Mexico and Canada. That has a lot of businesses that participate in cross-border trade concerned. That includes some U.S. energy executives, even though energy was excluded from NAFTA.

 

Royal Dutch Shell has signed a provisional agreement to develop oil and gas fields in Iran, a move that could signal energy companies will not be deterred from doing business with the Islamic Republic despite uncertainty whether a Trump administration will scrap a nuclear deal agreed to by world powers.

David Martin Davies

The recent discovery of a massive oilfield in West Texas has many in the region on edge. Some are anticipating on a flow of jobs to the area but others are concerned that the drilling will spoil the desert’s beloved springs.

Scuba diving into the San Solomon Springs is like exploring a coral reef – except it’s in the middle of the West Texas Chihuahuan desert.

The water is crystal clear and filled with fish. They swim right up to the divers and surround them.

Saudi Arabia is such an influential player in the oil industry that any action it takes — or is rumored to take — can sway global markets. So it's not surprising there's a lot of speculation about whether its massive state oil company, Saudi Aramco, is trying to buy a refinery in Texas.

Construction on the controversial Dakota Access Pipeline is allowed to proceed, except in one area in North Dakota of particular sensitivity to a Native American tribe.

That's the result of two separate developments Friday — a federal court decision, and a statement by three federal agencies.

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