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Oil & Gas

PetroChina to Invest More than $5 Billion in Shale Natural Gas Play

February 10, 2011
The Associated Press reports that PetroChina Ltd., China''s biggest oil and gas producer, has agreed to pay $5.4 billion for a 50-percent stake in Encana Corp''s shale natural gas play
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NJ Governor Vetoes Liquefied Natural Gas Operation

February 9, 2011
The Associated Press reports that New Jersey Gov. Chris Christie vetoed a proposed offshore liquefied natural gas project 16 miles off the coast of Asbury Park, saying the plan is
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Dow Says Most of St. Charles Plant Running, Cracker Restarting

February 7, 2011
Bloomberg reports that Dow Chemical Co., restarted all operations at its St. Charles chemical plant in Louisiana with the exception the steam cracker, said a company spokesman. A Jan. 3
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Alaska Lawmakers Propose Ditching Pipeline Plan

February 7, 2011
According to the Associated Press, Alaska lawmakers introduced legislation to abandon a centerpiece of former Gov. Sarah Palin''s administration: a state-sanctioned effort to advance a major natural gas pipeline. The
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BP Selling its Southern Calif. Gasoline Business

February 3, 2011
The Associated Press reports that BP PLC says it is selling its Southern California gasoline business as part of a major restructuring after last year''s catastrophic oil spill in the
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Lyondell to Shut Texas Olefins Unit for Planned Work

February 2, 2011
LyondellBasell Industries NV will shut one of two olefins units at its Channelview plant in Texas in the second quarter for planned work, according to Bloomberg. The unit, which has
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North Carolina Woman Admits to False Gulf Oil Spill Claim

February 2, 2011
According to the Associated Press, a North Carolina woman has pleaded guilty to submitting false compensation claims and other offenses in the wake of the BP PLC Gulf oil spill,
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Chevron Building $1.4 Billion Mississippi Facility

February 1, 2011
Chevron Corp. will build a $1.4 billion facility in Mississippi to make the main ingredient for motor oil and other lubricants, reports Bloomberg. The new facility will be located at
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Russia May Demand Oil Spill Fund as BP Looks Offshore

January 27, 2011
Bloomberg reports that Russia may require oil producers tapping offshore deposits to set aside cash to cover damages from possible spills as OAO Rosneft and BP Plc seek to explore
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Air Products’ Airgas Offer Too Low

January 27, 2011
Bloomberg reports that Air Products & Chemicals Inc.’s $5.9 billion hostile takeover offer for Airgas Inc. is too low, a Credit Suisse Group AG investment banker hired by Airgas’s board
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