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Oil & Gas

BP seeks approval from UK government to start drilling exploratory well

SHETLAND, Scotland — Oil giant BP has revealed contingency plants to clean up a hypothetical oil spill off Shetland, BBC News reported.BP submitted its “worst-case scenario” Oil Pollution Emergency Plan
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Crude prices rebound from 12-month lows

NEW YORK — Crude prices rebounded Monday from 12-month lows, causing a surge in stock values for publicly traded oil companies, Bloomberg reported.Oil prices rose $2.34, or 2.8 percent, to
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Astec acquires portable drilling rig manufacturer GEFCO

CHATTANOOGA, Tenn. -- Astec Industries, Inc., has finalized its purchase of the GEFCO and STECO divisions of Blue Tee Corp, according to a press release. The purchase price is
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Universal Steel America celebrates grand opening of new processing plant

CRETE, Ill. – On Wednesday, Universal Steel America celebrated the grand opening of its new greenfield plate processing facility in Crete, Ill., formerly located in Gary, Ind., nwitimes.com reported.
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Oil worker killed in North Dakota

BISMARCK, N.D. – An oil worker was killed last week while working at an oil field near Williston, N.D., KFGO.com reported. The 40-year-old man was filling a frac tank
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Chevron utilizes solar-to-steam facility for enhanced oil recovery

OAKLAND, Calif. – Chevron Technology Ventures has begun extracting crude from a southern California field using steam produced by a 29-megawatt thermal “Solar-to-Steam” facility, according to a press release
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Barnett Shale gas boom added $65.4 billion to regional economy, report says

FORT WORTH, Texas — According to a report by economist Ray Perryman, the Barnett Shale gas boom has added $65.4 billion to the Texas economy over the last decade. Commissioned
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Keystone pipeline protesters arrested in Canada

OTTAWA, Canada — Canadian authorities arrested more than 100 people Monday after they stormed parliament to protest Ottawa’s support for TransCanada’s Keystone XL pipeline project, which aims to ship crude
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New $60 million plant to produce sorbents for coal-fired power plants

NEW YORK — Church & Dwight Co. Inc., FMC Corp. and TATA Chemicals have announced a partnership to manufacture products that remove pollutants from coal-fired power generation, Bloomberg reported.The companies
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Exxon Mobil acquires leases in Utica Shale

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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