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Oil & Gas

Anadarko Posts $3 Billion Loss on Oil Spill Settlement

The Associated Press reports, Anadarko Petroleum Corp. boosted third-quarter revenue by 25 percent on higher oil prices, but it posted a $3.05 billion loss because of a settlement over liability
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US may miss target for Keystone oil sands pipeline

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Oil trades near 12-week high

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Global market for gas flowmeters totaled $1.3 billion in 2010

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Supreme Court to Hear Bid to Sue Shell for Nigerian Abuses

The Supreme Court said it will use a dispute between Nigerian villagers and oil giant Royal Dutch Shell PLC to decide whether corporations may be held liable in U.S. courts
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Feds cite BP, two other companies over Gulf oil spill

NEW ORLEANS — Federal regulators on Wednesday cited oil company BP PLC and two other companies — Transocean Ltd. and Halliburton — for alleged safety and environmental violations stemming
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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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