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StatoilHydro discovers oil off the coast of Norway
August 25, 2008
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The Associated Press reports that StatoilHydro ASA has discovered more oil off the southwestern coast of Norway. The discovery, near the Sleipner oil field in the North Sea, is estimated
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Chevron unit signs deal to develop Canadian field
August 20, 2008
The Associated Press reported that Chevron Corporation said Wednesday that a Canadian subsidiary and its business partners -- including Exxon Mobil -- have finalized a deal to develop an oil
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BP says Azeri oil railway line out of action
August 18, 2008
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
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Fluor wins $3.8 billion refinery upgrade contracts
August 13, 2008
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
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Brazil''s Petrobras buys part of Exxon''s Chile unit
August 11, 2008
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
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Pipeline blaze in Turkey halts oil flow
August 6, 2008
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
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Alaska lawmakers OK TransCanada natgas pipeline
August 4, 2008
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.
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BP plant in danger of another accident, report
July 28, 2008
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
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BP to buy Chesapeake properties for $1.75 billion
July 21, 2008
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
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Shell selling investment in Zimbabwe
July 16, 2008
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
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