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Oil & Gas

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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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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