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"In the latest sign of financial distress in the oil industry, energy giant Shell is dropping its iconic and long-time sponsorship of Houston's signature golf tournament. The 2017 event, which will take place March 27-April 2 at the Golf Club of Houston, will be the 26th and last rendition of the tournament with the energy company as the title sponsor. A title sponsorship for the region's largest golf tournament is just the latest in the list of luxuries Shell can no longer afford as it wrestles with the worst oil bust in a generation. The PGA Tour and Houston Golf Association will begin looking for a new title sponsor immediately. According to Shell, the tournament has generated more than $64 million for local charities since its founding - more than $60 million of which has been raised since Shell became the title sponsor in 1992. 'Beyond being one of the longest-running tournaments on the PGA Tour and having such a rich history, the Shell Houston Open has", www.houstonchronicle.com
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