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Oil & Gas

Verenium Extends Ethanol Project with BP

April 6, 2010
Ethanol developer and maker Verenium Corp. has extended a joint development project with energy company BP for an additional four months, according to the Associated Press. The two companies will
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Mobil Oil to Pay $32.2 Million Related to Lawsuit

April 6, 2010
The Associated Press reports that Mobil Natural Gas Inc., now part of Exxon Mobil Corp., will pay $32.2 million to settle claims it underpaid royalties owed on natural gas, the
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Celanese and SABIC Announce Polyacetal Expansion in Middle East

April 1, 2010
Celanese Corporation and Saudi Basic Industries Corporation (SABIC) today announced their National Methanol Co. (Ibn Sina) joint venture will construct a 50,000 ton polyacetal (POM) production facility in Saudi Arabia,
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Chevron Confirms First Oil from Perdido Development

April 1, 2010
Chevron Corporation announced that the Perdido deepwater project, located in the U.S. Gulf of Mexico, has started crude oil and natural gas production, according to Business Wire. Production from the
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Chevron Wins Arbitration Claim Against the Government of Ecuador

March 31, 2010
Business Wire reports that an international arbitration tribunal has ruled in favor of Chevron in a claim against Ecuador related to past oil operations by Chevron’s subsidiary, Texaco Petroleum Company.
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Houston Energy Tycoon Dead at 77

March 30, 2010
Billionaire energy tycoon Dan Duncan, who founded one of the largest energy services companies in the U.S., died at his Houston home Sunday, according to the Associated Press. He was
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Air Products'' Hydrogen Fueling Technology to Use Landfill Gas to Power Vehicles

March 25, 2010
PRNewswire reports that Air Products has signed a contract with SK Energy to construct a hydrogen fueling station for a novel energy project to be based in World Cup Park
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Co-op Offers to Buy, Partner on Alaska LNG plant

March 25, 2010
A new Alaska cooperative, the Natural Gas Supply Co., is offering to buy or help reinvent a liquefied natural gas plant near Kenai. According to the Associated Press, the co-op
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ConocoPhillips Won''t Comment on Lukoil Sale Report

March 24, 2010
ConocoPhillips spokesman John Roper told MarketWatch the oil major won''t comment on a report that it''ll sell part of its 20 percent stake in Lukoil. According to MarketWatch, Lukoil
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Chevron Tests Emerging Solar Technologies in Central California

March 22, 2010
Chevron Corporation announced the start of Project Brightfield, a demonstration of next-generation solar energy technologies in Bakersfield, California. According to Business Wire, the project, created on the site of a
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