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Oil & Gas

Sunoco Recycling Charlotte to Become a Full-Scale Material Recovery Facility

March 17, 2010
Work is underway to transition Sonoco Recycling, Inc.’s Charlotte Recycling Center into a full-scale material recovery facility (MRF) by early summer 2010. According to Business Wire, the $2.6 million project
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Conoco to Develop Off Norway Fields

March 17, 2010
ConocoPhillips has recently submitted its proposals to the Norwegian Oil Ministry for further development of the North Sea Ekofisk South and Eldfisk offshore fields, according to Zacks Equity Research. While
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ConocoPhillips to Pay $588,000 to Settle Spill Claim

March 16, 2010
A subsidiary of ConocoPhillips Co. has agreed to pay $588,000 to help compensate the public for environmental harm caused by a crude oil spill that marred 21 miles of Puget
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ETP Builds New Pipeline

March 11, 2010
Zacks Equity Research reports that construction has begun on the Fayetteville Express Pipeline (FEP), a 50/50 joint venture between Energy Transfer Partners L.P. and Kinder Morgan Energy Partners L.P. With
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Chevron to Cut 2,000 Jobs, Sell Some Assets

March 9, 2010
The Associated Press reports that Chevron Corp. will cut 2,000 jobs this year and sell some overseas operations as it revamps its struggling refinery, marketing and transportation operations. The job
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Shell, PetroChina Bid $3 Billion for Australia''s Arrow

March 8, 2010
Reuters reports that Royal Dutch Shell and PetroChina jointly bid more than $3 billion for Australia''s Arrow Energy, marking a Chinese firm''s first foray in the country''s burgeoning coal-seam gas
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Process Pumps Safely Deliver Natural Gas and Hydrogen

March 4, 2010
The Brushless DC motors promote extended service life without maintenance and a patented double diaphragm system imparts superior levels of gas tightness and leakage prevention, according to the manufacturer. These
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GE gets $1.1 Billion in Contracts for Gas Field

March 4, 2010
General Electric Co. was awarded $1.1 billion worth of contracts from a Chevron-led joint venture for work on a natural gas field in western Australia, according to the Associated Press.
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BP Seeks $3 Billion Boost to Pretax Profit

March 3, 2010
According to the Associated Press, BP PLC pledged to boost its annual pretax profit by more than $3 billion over the next two to three years, with plans for scores
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South Korea to Invest in Canadian Gas Fields

March 1, 2010
South Korea''s state-run gas company plans to invest about $1.1 billion over the next five years in natural gas fields in Canada, according to the Associated Press. The Korea Gas
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