Oil & Gas

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British oil company BP PLC has stopped using a railway line that exports Azeri oil through Georgia following reports of damage to the line, the Associated Press reports. The closure

Fluor Corp. says it has won several contracts valued at nearly $4 billion to modernize a BP America refinery in Indiana, the Associated Press reports. Although consumers are hurt by

The Associated Press reports that Brazil''s state-run oil company announced a deal to buy Exxon Mobil''s fuel distribution operations in Chile, continuing its expansion across Latin American energy markets. Petroleo

An overnight fire on a Turkish section of the Baku-Tbilisi-Ceyhan pipeline halted the flow of oil, the Associated Press reported Wednesday. The fire, on a section of the pipeline in

TransCanada Corp. won Alaskan legislative approval to build and operate a huge pipeline to ship natural gas from the North Slope to a network feeding domestic markets, according to Reuters.

The Associated Press reports that life-threatening safety violations continue to plague a Texas City BP refinery, leaving it susceptible to another major accident like the one in 2005 that killed

BP plans to acquire Chesapeake Energy''s stake in about 90,000 acres of natural gas properties in $1.75 billion, the Associated Press reports. The properties are in the Arkoma Basin Woodford

Royal Dutch Shell PLC is selling its investment in a petroleum distribution business in Zimbabwe to South Africa-based Engen Petroleum Ltd, the Associated Press reports. Shell, which has a 50

According to the Associated Press, Venezuelan President Hugo Chavez recently touted a pact delivering fuel to Caribbean nations and loosened the financing terms to aid countries struggling with high oil

The Associated Press is reporting that pharmaceuticals maker Bristol-Myers Squibb Co. has agreed to spend $3.65 million to resolve federal Clean Air Act violations by eliminating ozone-depleting refrigerants at factories