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Oil & Gas

Alaska Lawmakers Propose Ditching Pipeline Plan

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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

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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

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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

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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

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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

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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

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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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Exxon Shuts Papua New Guinea Gas Conditioning Plant

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According to Bloomberg, Exxon Mobil Corp., operator of a $15 billion liquefied natural gas project in Papua New Guinea, shut a gas-treatment plant at the venture after “intruders illegally entered”
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Ethanol Companies’ Shares Rise on New EPA Guidelines

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According to the Associated Press, shares of several ethanol companies climbed Friday after the Environmental Protection Agency approved higher levels of corn-based ethanol to fuel all cars manufactured in the
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Gulf Oyster Reef Bed Restoration Among First Since BP Oil Spill

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The Associated Press reports that volunteers from across the country are rebuilding oyster reefs along the Gulf of Mexico''s delicate shoreline, hoping to revive oyster beds under assault for decades
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