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Canadian oil giants Suncor and Petro-Canada join in $15.5 billion deal
March 23, 2009
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Suncor Energy Inc. will acquire Petro-Canada for $15.5 billion, uniting two of Canada''s biggest oil companies as the nation''s energy industry retrenches, as reported by the Associated Press. If the
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Canada recovers all 17 bodies from chopper crash
March 18, 2009
Canadian police have recovered all 17 bodies from the wreckage of a downed helicopter that crashed in the freezing Atlantic off the coast of Newfoundland, the Associated Press reports. The
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Refiner Valero to obtain seven VeraSun plants
March 18, 2009
The Associated Press reports that Valero Energy will buy seven ethanol plants from VeraSun Energy for $477 million, the largest biofuel buyout in terms of production capacity. VeraSun, the country''s
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Sonoco Products to close Ohio paperboard plant
March 18, 2009
Packaging maker Sonoco Products Co. will close a mill in Lancaster, Ohio, that makes uncoated recycled paperboard, reports the Associated Press. The company will close the plant on May 16,
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EU slaps import fees on US biodiesel
March 17, 2009
The EU fees will affect biodiesel sold by Archer Daniels Midland Co., Cargill Inc. and several others to Europe, the world''s biggest user and producer of crop-based fuels. The EU
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Poet, Magellan may build $3.5 billion ethanol pipeline
March 17, 2009
Biofuels company Poet LLC and Magellan Midstream Partners LP on have announced a joint venture to study whether they can build a dedicated ethanol pipeline with an estimated cost of
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StatoilHydro strikes oil, gas in North Sea
March 10, 2009
The Associated Press reported that StatoilHydro ASA announced an oil and natural gas discovery at an exploration well drilled in the North Sea near the existing Oseberg South field. The
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Enmex files counter suit against Tesoro for $2B
March 4, 2009
The Associated Press reports that California-based energy company Enmex Corporation filed a counter suit against independent oil refiner Tesoro Corporation for $2 billion in damages. The suit alleges breach of
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T. Boone Pickens pitches energy plan in Montana
March 2, 2009
According to the Associated Press Texas oilman T. Boone Pickens appeared with Montana''s governor to pitch his plan for decreasing the nation''s dependence on foreign oil, a strategy that could
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Iraq signs oil deal with a British company to boost production
February 26, 2009
Iraq signed a joint venture oil deal with a British-based company in one of the largest deals since the 2003 U.S.-led invasion, according to the Associated Press. The deal comes
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