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Oil & Gas

Exxon Mobil acquires leases in Utica Shale

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HOUSTON — Exxon Mobil Corp. announced Thursday that it has acquired leases in Ohio’s Utica Shale, marking the company’s first foray into a field that is thought to hold vast
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Williams to expand olefins production facility

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TULSA, Okla. — Natural gas company Williams announced that its Board of Directors has approved an expansion of its Geismar olefins production facility, according to a press release.The expansion will
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Oil rig explosion in Oklahoma forces evacuations

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WATONGA, Okla. — An oil rig exploded Monday night in Watonga, Okla., forcing workers to take safe cover and several families to evacuate their homes, NewsOn6.com reportedThe blast occurred around
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Companies to pay $44.4 million to settle Cosco Busan oil spill lawsuit

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SAN FRANCISCO — Shipping companies Regal Stone Limited and Fleet Management Ltd. have agreed to pay $44.4 million to settle a federal lawsuit over the 2007 Cosco Busan oil
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Oil well explosion kills two in North Dakota

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BISMARCK, N.D. — An explosion at a newly drilled oil well in western North Dakota killed two workers and severely injured two others, The Associated Press reported.The explosion occurred around
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Shell may be prosecuted for North Sea oil spill

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Federal report on BP oil spill to be released

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WASHINGTON — The U.S. government is prepared to release a report into what caused the Deepwater Horizon oil spill in April 2010, The Associated Press reported. The federal report,
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Chemical plant explosion kills three in China

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IEA reduces estimate for global oil consumption

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PARIS — The International Energy Agency (IEA) cut its estimate for 2012 global oil consumption by 400,000 barrels a day, and for 2011 by 200,000 a day, Bloomberg reported.According to
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Study: Expanded oil, gas drilling could create 1.4 million jobs by 2030

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