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Oil & Gas

Shell in Nigeria Declares Force Majeure After Pipeline Fires

The Associated Foreign Press reports, Shell in Nigeria warned it may not be able to meet its contractual obligations for June and July on its Bonny Light crude, after multiple
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LyondellBasell to Purchase Olefins Pipeline System

PRNewswire reports that LyondellBasell recently announced the signing of an agreement to purchase approximately 200 miles of pipeline near Houston from BP by its Equistar Chemicals, LP subsidiary. The pipelines
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Exxon Makes New Oil Discovery in Gulf of Mexico

ExxonMobil Corp. disclosed details of an oil and gas field that could prove to be one of the largest discoveries in the Gulf of Mexico in recent years, according to
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Shell to Build Chemical Facility in Appalachia

According to the Charleston Daily Mail, oil and gas giant Royal Dutch Shell said it would build a world-scale chemical facility in Appalachia to take advantage of the region''s massive
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Louisiana Man Pleads Guilty in Oil Spill Fraud Case

A Louisiana man has pleaded guilty to submitting a fraudulent application for money from the $20 billion claims fund BP PLC established after the Gulf of Mexico oil spill, according
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Marathon to Pay $3.5 Billion for Eagle Ford Assets

Reuters reports that Marathon Oil Corp., will buy oil and gas properties in Texas'' Eagle Ford shale field $3.5 billion from private equity firm KKR and Hilcorp Resources Holdings LP.
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BP Spill Fund Winding Down After $4 Billion Paid Out

Reuters reports that the fund BP set up to deal with compensation claims after 2010''s Gulf of Mexico oil spill is starting to wind down after paying out around $4
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Exxon Facing Questions About Natural Gas Push

The Associated Press reports that Exxon Mobil Corp. rode higher oil prices to a $30 billion profit last year, but shareholders at its annual meeting Wednesday were more concerned about
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Chevron Seeks to Restart Its Richmond Refinery Project

Bloomberg reports that Chevron Corp. sought permission from Richmond, California, regulators yet again to upgrade equipment at its refinery there. A California court halted construction on new equipment at the
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BP Receives $1 Billion Settlement from Gulf Well Partner

According to the Associated Press, BP has struck a deal to receive around $1 billion from one of its minority partners in the blown-out Gulf of Mexico well, raising hopes
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