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Oil & Gas

Shell Plans to Cut 1,000 Jobs

February 4, 2010
Reuters reports Royal Dutch Shell Plc said it planned even deeper cuts to its oil refining and retail operations after downstream weakness caused a 75 percent fall in fourth-quarter profits
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Under Government Pressure, Total Pledges Jobs to Refinery Workers

February 2, 2010
Business Week reports French oil company Total SA has promised jobs for workers at its Flanders refinery, after pressure from the French government. The company also said it hasn''t
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United States Oil Industry Hit by Cyber-Attacks

January 28, 2010
The Christian Science Monitor reports at least three U.S. oil companies were the target of a series of previously undisclosed cyber-attacks, and that experts say highlight a new level of
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Half of Texas Oil Spill Contained, Waterway Remains Closed

January 26, 2010
About half of the crude oil spilled in a ship collision on the Sabine-Neches Waterway in Port Arthur, Texas has been contained, reports Reuters. The waterway will likely reopen soon,
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Chevron to Shrink Refining Business, Cut Jobs

January 20, 2010
According to the Associated Press, Chevron Corp. has announced plans to shrink its refining business resulting in job cuts throughout the company. Chevron has not yet decided how many
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Record Ransom Paid to Somali Pirates for Release of Oil Tanker

January 19, 2010
According to Reuters, Somali pirates have freed a Greek-flagged tanker carrying 2 million barrels of oil for a record ransom and witnesses said four pirates were killed in a
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Nigeria air-travel watch list spurs an oil backlash

January 14, 2010
According to the Wall Street Journal, the alleged attempt by a Nigerian man to detonate a bomb on a U.S.-bound flight has frayed Nigeria''s diplomatic ties with the U.S., which
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The Obama Administration awards fuel efficiency research grants

January 12, 2010
The Associated Press reports the Obama Administration has announced funding for nine projects designed to significantly increase fuel efficiency in heavy trucks and passenger vehicles. Energy Secretary Steven Chu detailed
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Two workers killed at Chevron plant in Nigeria

January 6, 2010
According to the Associated Press, Nigerian soldiers shot and killed two workers at a Chevron Corp. plant that was under construction. The incident also sparked a riot that left several
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Total to buy Chesapeake shale stake for $2.25 billion

January 5, 2010
Bloomberg reports that Total SA has agreed to buy a stake in Chesapeake Energy Corp.’s assets in the biggest U.S. natural-gas field for as much as $2.25 billion. Total will
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