Shell, Occidental Petroleum: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

FINANCIAL
Shell Sells Appalachia Assets to National Fuel Gas Company - Royal Dutch Shell (NYSE:RDS.A) has reached an agreement with National Fuel Gas Company (NYSE:NFG) to sell its U.S. Appalachia shale gas position for $541 million. (PR Newswire)

EARNINGS REPORTS
Occidental Reports First-Quarter Net Loss - Occidental Petroleum Corporation (NYSE:OXY) reported a first-quarter 2020 net loss of $2.2 billion. (Occidental)

ENVIRONMENT
Europe's Energy Majors Vow Emissions Reductions, but Strategies Differ - Total (NYSE:TOT), BP (NYSE:BP) and Shell have all vowed to have net-zero greenhouse gas emissions by 2050, and this Reuters article discusses how their and other companies' strategies differ. (Reuters)

PRODUCTION
Texas Oil Regulator Rejects Production Cuts - The Texas Railroad Commission officially voted against mandating oil production cuts, ending a month-long debate about what actions the state regulator might take after crude prices cratered to historic lows. Commissioners instead voted to waive some fees, ease some rules about well plugging and allow storage of crude oil in formations other than salt domes.

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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.