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Oil & Gas

CBI unit wins $40 million ethylene plant contract

August 19, 2009
Normal 0 0 1 87 497 4 1 610 11.1282 0 0 0 Lummus Technology, a subsidiary of Chicago Bridge & Iron NV, has won a contract worth about
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Exxon, China sign $41 billion Australian gas deal

August 19, 2009
Normal 0 0 1 268 1532 12 3 1881 11.1282 0 0 0 Reuters reports that Australia and China have struck their biggest trade deal, as the world''s two
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US returns $2.4 million in stolen oil money to Mexico

August 12, 2009
Normal 0 0 1 338 1928 16 3 2367 11.1282 0 0 0 According to the Associated Press, Mexico has received $2.4 million that was forfeited by a U.S.
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Chevron discovers oil and gas off Angolan coast

August 11, 2009
The Associated Press reports that Chevron Corp. claims its affiliate struck oil and natural gas off the coast of Angola. The second-largest U.S. oil company said its affiliate Cabinda Gulf
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Vital Louisiana oil port left vulnerable to hurricanes

August 3, 2009
The booming oil hub called Port Fourchon, a nerve center in the nation''s oil supply chain in Louisiana, is turning into a sitting duck for hurricanes as the beach
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New technology aimed at increasing global oil production

July 29, 2009
The global oil industry is spending billions on technology to increase the amount of oil it can extract from the ground, reports the Associated Press. Oil companies typically recover only
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Exxon sees natural gas potential with new drilling technique

July 27, 2009
At a natural gas well site in the desert, 80 miles west of the Rocky Mountains tourism hive, workers for Exxon Mobil Corp. load cranes, operate pumps and monitor
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Buckeye will eliminate 25-percent of workers

July 22, 2009
Petroleum-pipeline system operator Buckeye Partners LP will lay off 260 employees, or about 25 percent, of its staff to help lower its operating costs, according to the Associated Press. Buckeye
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Exxon Mobil to spend $600 million on algae fuel program

July 15, 2009
According to Bizjournals.com, Exxon Mobil plans to spend up to $600 million on a program to make biofuel from algae. The Irving, Texas, company will work with Synthetic Genomics Inc.
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Sunoco fined for refinery violations

July 14, 2009
According to the Associated Press, the federal government is fining Sunoco more than $200,000 for multiple health and safety violations at the Marcus Hook Refinery. The U.S. Department of Labor''s
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