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Oil & Gas

ConocoPhillips, Sasol Paying $16.4 Million for Polluted Bayou

October 14, 2010
The Associated Press reports, ConocoPhillips Co. and Sasol North America Inc. have agreed to pay nearly $6.4 million and spend about $10 million more to clean a polluted bayou and
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Bunge Expands Canola Processing Plant in Canada

October 14, 2010
The Associated Press reports, Bunge Ltd. will more than double capacity at its canola processing plant in Altona, Manitoba in Canada, the company said. The expansion should be complete for
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Obama Administration Lifts Moratorium on Offshore Drilling

October 13, 2010
The Obama administration, under heavy pressure from the oil industry and Gulf States, lifted the moratorium that it imposed in April, reports the Associated Press. The ban had been scheduled
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Tesoro Fined $2.39 Million for Washington State Refinery Blast

October 5, 2010
A deadly explosion in April at a Tesoro Corp. oil refinery in Washington state could have been prevented if the company had tested its equipment properly and followed other safety
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Exxon Starts Oil Production at Russian Field

September 30, 2010
The Associated Press reports, Exxon Mobil Corp. said that oil production has begun in the Odoptu field, which is part of a project off the shore of northeastern Russia. The
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BP''s New CEO Restructures Top Management Team

September 29, 2010
MarketWatch reports, BP said it will restructure its upstream segment from a single business into three divisions -- exploration, development and production. The new divisions will be led by three
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Halliburton Says BP Well Design to Blame

September 28, 2010
BP Plc’s well design was to blame for the explosion that led to the oil spill, a Halliburton Co. executive said at a National Academies hearing in Washington, reports Bloomberg
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Indonesia''s Palm Oil Giant Faces Industry Sanction

September 23, 2010
An industry body for sustainable palm oil accused Indonesian agricultural giant Sinar Mas of breaching its principles, and warned that it could face expulsion, reports the Associated Foreign Press. Sinar
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Oil States Announces Joint Venture in India

September 22, 2010
Oil States International, Inc. announced that its subsidiary, Oil States Industries, has entered into a joint venture agreement with G&T Oilfield and Offshore Services Pvt. Ltd., a privately-held Indian company,
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Total Warns Nigeria Oil Bill Will Hurt Industry

September 21, 2010
According to the Associated Press, a top official at French oil major Total SA has warned that a proposal to overhaul Nigeria''s oil industry would hobble foreign investment. Guy Maurice,
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