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Oil & Gas

Monitor: BP improving safety after deadly accident

May 21, 2008
According to the Associated Press, oil giant BP PLC, criticized for a poor safety culture after a deadly 2005 plant explosion, is making substantial progress in improving safety of its
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More support for Exxon Mobil dissidents'' proxy fight

May 19, 2008
The Associated Press is reporting that four U.K.-based investors and a British proxy advisory firm publicly joined a group of dissident shareholders calling for an independent chairman at Exxon Mobil
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Judge rejects Imperial Oil request for permit

May 16, 2008
According to the Associated Press, Imperial Oil Ltd. failed recently to get a judge to reinstate a key water permit to build a $8 billion oil sands mine in Northern
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EU probes Statoil-ConocoPhillips deal

May 14, 2008
The Associated Press is reporting that the European Union opened an antitrust investigation recently into ConocoPhillips''s proposed sale of hundreds of gas stations in Scandanavia to Norway''s state-controlled oil company.The
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Alaska''s Prudhoe Bay oil output halted out by power outage

May 12, 2008
According to the Associated Press, oil production at Prudhoe Bay, the nation''s most prolific oil field, halted recently when a vehicle clearing snowdrifts damaged the power supply to processing centers.Prudhoe
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Agency to develop rules for investigating oil, gas markets

May 5, 2008
Under pressure from members of Congress upset about high gas prices, the Federal Trade Commission said recently it would begin developing rules allowing it to investigate alleged manipulation of the
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Crosstex to build $80M natural gas processing plant

May 1, 2008
The Associated Press is reporting that Crosstex Energy LP, which operates a natural gas pipeline and processing plants, said recently that it intends to build an $80 million natural-gas processing
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Strike in Scotland closes major North Sea oil pipeline

April 28, 2008
According to the Associated Press, hundreds of workers at Scotland''s only oil refinery began a 48-hour strike recently that forced BP PLC to shut a pipeline system that delivers almost
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Praxair plans plant after signing Samsung production deal

April 28, 2008
According to the Associated Press, industrial gas provider Praxair Inc. said recently it will build a new air separation plant in South Korea to meet increased demand from a new
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Brazil evaluates size of big oil find

April 21, 2008
The Associated Press is reporting that the chief of Brazil''s state-run oil company said recently it would take up to three months to evaluate the size of what could be
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