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Oil & Gas

Small Leak Shuts Down Oil Pipeline in Alaska

January 11, 2011
According to the New York Times, officials have said they had not determined the cause or full extent of the leak in a pipe that connects a huge storage tank
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ATP Shares Rise on Deepwater Drilling Clearance

January 5, 2011
Shares of ATP Oil & Gas Corp. rose Tuesday after the U.S. allowed it to resume deepwater drilling operations in the Gulf of Mexico, according to the Associated Press. ATP,
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Gulf Resources Agrees to Acquire Crude Salt Field

January 4, 2011
PRNewswire reports that Gulf Resources, Inc., a manufacturer of bromine, crude salt and specialty chemical products in China, announced that its wholly-owned subsidiary Shouguang City Haoyuan Chemical Company Limited has
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BP''s Spill Costs Likely to Stay Below $60 Billion

January 3, 2011
According to the Associated Press, cleanup, government fines, lawsuits, legal fees and damage claims from BP’s Gulf oil spill will likely exceed the $40 billion that BP has publicly estimated,
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Chevron Shuts Nigeria Oil Pipeline after Attack

December 20, 2010
According to Reuters, U.S. energy firm Chevron has suspended production from an oil pipeline in Nigeria''s Delta state, which was breached on Friday. Chevron said it was investigating the damage
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WikiLeaks Cables Expose BP Azerbaijan Gas Leak

December 16, 2010
Leaked U.S. embassy cables have revealed that oil company BP PLC was fortunate to have evacuated workers from a platform in Azerbaijan after a gas leak similar to the Gulf
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Air Products Joint Venture to Build Four Plants in India

December 15, 2010
The Associated Press reports that Air Products and Chemicals Inc., which sells specialty gases and equipment to industrial and commercial clients, said that its joint-venture in India will build three
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Caspian Pipeline May Borrow $1.2 Billion Next Year for Expansion

December 15, 2010
According to Bloomberg, the Caspian Pipeline Consortium partners may borrow $800 million to $1.2 billion next year as they start doubling the capacity of the oil link to the Black
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Exxon Louisiana Chemical Plant Unit Restarts

December 14, 2010
Bloomberg reports that Exxon Mobil Corp. restarted a unit at its Baton Rouge, Louisiana, chemical plant, according to a filing made with the National Response Center. Benzene was released from
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ConocoPhillips Shuts Main Sulfur Recovery Unit

December 9, 2010
Bloomberg reports that ConocoPhillips has shut the main sulfur recovery unit at its Lake Charles refinery in Westlake, Louisiana. The unit was shut after a leak was discovered. The refinery
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