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Oil & Gas

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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Federal Appeals Court Issues a Stay on Drilling Ruling

A federal appeals court has blocked a judge''s order requiring regulators to act on several drilling permit applications, according to the Associated Press. The federal government filed court documents earlier
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New Modules for Power and Upstream Oil and Gas Applications

New modules were recently released for the STARDOM™ network-based control system. The new modules include control modules with the high speed and reliability required for small- to medium-size turbomachinery, a
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Libya Seeks Italy''s Help with Fire at Oil Facility

According to the Associated Press, Libya''s de facto oil minister said the country''s crude production has fallen drastically and that he has reached out to Italian oil giant Eni SpA
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Exxon CEO Tillerson: Oil Prices Not Yet Hurting Economy

The Associated Press reports that Exxon Mobil CEO Rex Tillerson said he doesn''t think the recent jump in oil prices is hurting the U.S. economy, at least not yet. The
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Exxon Mobil Wins Ruling in Alaska Oil Spill Case

Exxon Mobil Corp. has won a round in a dispute with environmentalists who want more money to clean up oil left on the shoreline of Prince William Sound from the
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Obama Administration Appeals Judge''s Order on Drilling Permits

The Obama administration has appealed a judge''s order requiring regulators to act on seven drilling permit applications, according to the Associated Press. The government filed court documents late Friday saying
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Another $100 Million Sought for Exxon Valdez Cleanup

A federal judge will hear arguments on whether Exxon Mobil Corp. owes another $100 million to remove oil remaining on the Prince William Sound shoreline from the 1989 Exxon Valdez
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