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Oil & Gas

BP Back in Arbitration over Rosneft Deal

BP PLC is attempting to convince an arbitration tribunal in London to allow a controversial share swap with Russia''s OAO Rosneft to go ahead, according to the Associated Press. The
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Settlements for Families in BP Spill Start at $8 Million

Settlements with families of workers killed in last year''s Deepwater Horizon oilrig explosion are running at $8 million to $9 million so far, reports The Wall Street Journal. This
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Exxon Resumes Singapore Refinery Maintenance After Worker Death

Exxon Mobil Corp. is resuming most maintenance work at its Singapore refining complex after a one-day stoppage because of the death of a worker yesterday, reports Bloomberg. The biggest U.S.
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Indian Police Renew Efforts to Extradite Former Union Carbide Chief

According to the Associated Press, an Indian court agreed to a new request for the extradition of the former chief of a U.S. chemical company in connection with the 1984
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Oil Settles Above $105 as Gasoline Demand Rises

Oil prices made up for a week-long slump following the Japanese earthquake and are now trading at the highest levels since September 2008, according to the Associated Press. Prices climbed
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North Sea Deepwater Drilling Rules Safe

According to the Associated Press, the British government has given the thumbs up to its regulatory regime for deepwater drilling in the North Sea, despites concerns raised by a parliamentary
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Shell Drills 17 Wells in China

Reuters reports that Royal Dutch Shell is drilling 17 wells in China, including for tight gas and shale gas. If the drilling is successful, Shell aims to spend $1 billion
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AE Biofuels Secures Additional Funding for Start-up of Ethanol Plant

Business Wire reports that AE Biofuels, Inc. recently announced that its wholly-owned advanced ethanol subsidiary AE Advanced Fuels Keyes, Inc. closed a $3.5 million financing with Third Eye Capital Corporation.
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Saudi Aramco Teams Up with Sinopec on Refinery

State-run oil giant Saudi Aramco says it has signed a memorandum of understanding with the China Petrochemical Corp. for the development of the multi-billion dollar Yanbu refining complex, according to
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Westlake Founder to Be Posthumously Inducted Into the Plastics Hall of Fame

PRNewswire reports that Westlake Chemical Corporation’s founder and former chairman, Ting Tsung "T. T." Chao, has been selected for posthumous induction into the Plastics Hall of Fame by the Plastics
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