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Oil & Gas

Chevron Mulls New Floating LNG Plant in Australia

November 3, 2010
Bloomberg reports, Chevron Corp. is considering a new floating liquefied natural gas plant, worth several billion dollars, to develop offshore discoveries in the Exmouth Plateau in Western Australia, the
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Chevron Fined for Utah Oil Spill

November 2, 2010
The Pipeline and Hazardous Materials Safety Administration fined Chevron $423,600 saying it was ten hours before Chevron Corp. discovered that crude oil was spilling from a pipeline into a Salt
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Exxon Mobil Third-Quarter Income Jumps 55 percent

October 28, 2010
Exxon Mobil Corp. said that its income jumped 55 percent in the third quarter on higher oil prices and increased production, according to the Associated Press. The world''s largest
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Petrobras Finds New Oil Frontier

October 27, 2010
In a press release, Petroleo Brasileiro SA, Brazil’s state-controlled oil company, said it opened a “new exploration frontier” off the country’s northern coast after finding signs of light oil
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Chevron, Total Warn UK Not To Ban Deepsea Drilling

October 26, 2010
Chevron and Total warned British lawmakers that any U.K. moratorium on deepwater drilling in response to the Gulf of Mexico spill would force them to abandon the North Sea
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BP Will Pay $20 Million to Ensure Seafood Safety

October 26, 2010
Bizjournals reports, BP will pay $20 million over the next three years to help pay for enhanced seafood inspections and marketing efforts aimed at restoring public confidence in the
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Chevron Approves $8 Billion Gulf Drilling Project

October 21, 2010
MarketWatch reports, Chevron Corp. has sanctioned its $7.5 billion development of the Jack/St. Malo project, the oil major''s first operated drilling plan in the Lower Tertiary area in the deepwater
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French Police Breakthrough Fuel Depot Blockades

October 20, 2010
The Associated Press reports, French President Nicholas Sarkozy ordered police to force open blockaded fuel depots. Riot police in black body armor cleared striking workers away from depots in western
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BP CEO Says 4th Quarter Pay Will Link to Safety

October 19, 2010
Reuters reports, BP Chief Executive Bob Dudley has stepped up his battle to rebuild the oil company’s reputation, declaring safety is so core to the group that it would be
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Recycled Plastic Tank Bridge Passes Department of Defense Inspection

October 19, 2010
Business Wire reports, Axion International announced that the Army Corps of Engineers recently released an inspection report focused on one of the two tank bridges constructed last year for the
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