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Oil & Gas

Venezuela to Sign Oil Deals Worth $40 Billion

May 11, 2010
Venezuelan President Hugo Chavez said his government will sign agreements this week with foreign oil companies that will lead to $40 billion in investments in oil projects, according to the
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Oil Skimming Material Called into Fight against Gulf Oil Spill

May 10, 2010
The patent-pending material is being put to work off the coast of Louisiana on a disk skimmer cleaning up oil from the Gulf oil spill disaster. According to the manufacturer,
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BP Says Oil Leak Will be Stopped, Not Sure When

May 6, 2010
The oil leak in the Gulf of Mexico will be stopped, BP''s chief executive said in an interview broadcast Thursday, although he was unable to give an estimate of when
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Federal Law May Limit BP Liability in Oil Spill

May 4, 2010
The Associated Press reports that a federal law may limit how much BP has to pay for damages such as lost wages and economic suffering in the Gulf Coast oil
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Woodside Prefers to Build Floating Platform

April 29, 2010
According to the Associated Press, a consortium developing a massive gas field in the Timor Sea said Thursday its preferred option is to build a floating liquefied natural gas platform,
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Court Rejects Chevron Refinery Expansion Appeal

April 27, 2010
A California appeals court has rejected Chevron''s effort to overturn a judge''s ruling that blocked the oil giant from expanding its Richmond refinery without further environmental review, according to the
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Air Products Board Member Resigns

April 27, 2010
The Associated Press reports that Charles H. Noski has told Air Products and Chemicals Inc. that he will resign from its board next month because he has taken a new
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Weather Delays Oil Cleanup at Gulf Rig Blast Site

April 26, 2010
The Associated Press reports that stormy weather delayed weekend efforts to mop up leaking oil from a damaged undersea well after the explosion and sinking of a massive rig
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Transocean Says Oil Rig Fire May Have Been Caused by ‘Blowout’

April 22, 2010
According to Bloomberg, Transocean Ltd. said a pressure surge violent enough to rupture pipes, known in the oil and natural-gas industry as a blowout, may have triggered the explosion and
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Eleven Workers Sought After Oil Rig Explosion

April 21, 2010
Helicopters, ships and an airplane searched waters off Louisiana''s coast for at least 11 workers missing after an explosion and fire that left an offshore drilling platform tilting in the
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