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Oil & Gas

AE Biofuels Subsidiary Receives $1.88 Million Grant

According to Business Wire, AE Biofuels, Inc., a global vertically integrated biofuels company, announced its wholly-owned advanced ethanol subsidiary AE Advanced Fuels Keyes, Inc., has been awarded a $1.88 million
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One Year After Spill, 3,200 Abandoned Wells Lack Cement Plugs

The Associated Press reports that one year after a deadly oil-rig explosion set off the worst offshore spill in U.S. history, the environmental minefield of abandoned wells in the Gulf
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Air Products'' LNG Technology Selected for Indonesia Energy Project

PRNewswire reports that Air Products has signed an agreement with JGC Corporation to supply its proprietary propane pre-cooled mixed refrigerant process and MCR® main heat exchanger for a two million
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President Obama Praises Gulf Workers One Year After Oil Spill

According to the Associated Press, President Barack Obama is noting the one-year anniversary of the explosion of the Deepwater Horizon oil rig in the Gulf of Mexico, paying tribute to
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Venezuela’s PDVSA May Pay Exxon $3.7 Billion

According to Bloomberg, Petroleos de Venezuela SA may have to pay $3.7 billion in compensation to Exxon Mobil for assets nationalized by Venezuelan President Hugo Chavez in 2007, according to
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Effects of Gulf Spill Will Unfold Over Years

According to the Associated Press, the effects of the BP oil spill on the Gulf of Mexico and the animals that live in it will take place over years, if
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Shell to Take Interest in Chevron Gas Field

According to the Associated Press, Chevron Corp. said Shell will take an interest in the liquefied natural gas project that it operates in northwestern Australia. Shell Development Australia Pty Ltd.
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Ex-BP Boss Denies Investment Fund Reports

Reuters reports that former BP Plc chief executive Tony Hayward denied he was setting up an investment firm as he left a private meeting in one of the most luxurious
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First Oil Industry Megaload Arrives at Montana Refinery

The first of what could be hundreds of "megaloads" of oil industry equipment travelling the rural highways of the Northwest arrived at a Billings refinery early Wednesday, according to the
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Saudi Arabia to Target Solar Power in $100 Billion Energy Plan

Bloomberg reports Saudi Arabia, with 20 percent of the world’s oil reserves, is targeting renewable energy and nuclear power in a $100 billion spending drive aimed at meeting a jump
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