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Oil & Gas

Thirty People Hospitalized After Chlorine Gas Leak in Brazil

The Associated Press reports that chlorine gas leaked from a petrochemical plant has sent 30 people to the hospital in northeastern Brazil. Children and elderly are among those hospitalized with
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Republican Plan to Expand U.S. Offshore Oil Blocked in Senate

According to Bloomberg, a Republican proposal to expand offshore drilling was blocked in the Senate, one day after Democrats failed to advance legislation that would repeal $21 billion in tax
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Senate Blocks Bill Repealing $2 Billion in Oil Tax Breaks

According to the Associated Press, the Senate blocked a bill that would repeal about $2 billion a year in tax breaks for the five biggest oil companies, a Democratic response
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BP-Rosneft $16 Billion Share Swap Deal Fails

BP''s hopes of making Arctic oil production the key to its recovery from the Gulf of Mexico spill were dealt a severe blow after it failed to secure a $16
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Transocean Shareholders Agree to $1 Billion Dividend

Shareholders of Transocean Ltd. approved a $1 billion dividend and rejected a company-backed plan to discharge directors and executives for liability stemming from last year''s Gulf of Mexico oil spill,
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Oil CEOs Head to Capitol Hill

The Associated Press reports that Senate Democrats are calling top executives from the five biggest oil companies before a congressional hearing to discuss the high gasoline prices, big profits and
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Conoco Reaches Deal to Close Refinery in Germany

Bloomberg reports that ConocoPhillips has reached an agreement to close its Wilhelmshaven refinery, allowing it to convert the northern German facility to an oil storage terminal from June 1. The
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Argentine Oil Refinery, Gas Workers Resume Strike

According to Bloomberg, refinery and natural gas workers in Argentina resumed a strike after failing to reach an agreement with labor ministry officials in a pay dispute, the Buenos Aires
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Chevron to Buy 228,000 Acres from Chief, Tug Hill

Chevron Corp. agreed to purchase 228,000 acres in the Marcellus Shale from Chief Oil & Gas LLC and Tug Hill, Inc., according to the Associated Press. Terms of the
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BP Agrees to $25 Million Penalty for 2006 Alaska Spills

BP''s subsidiary in Alaska will pay a $25 million civil penalty under a settlement that comes five years after more than 200,000 gallons of crude oil spilled from company pipelines
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