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Oil & Gas

Gustav brings little damage, Oil prices plunge

September 2, 2008
Oil prices plunged to the lowest level in five months Tuesday, falling to within sight of $100 a barrel on signs that Hurricane Gustav only grazed U.S. energy infrastructure in
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Exxon Mobil begins process to support drilling for gas in Alaska

August 29, 2008
Recently, the Associated Press reported that Exxon Mobil has completed the initial barging of equipment and supplies to support its plan to drill for natural gas in Point Thomson on
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ConocoPhillips sells remainder of gas stations

August 27, 2008
ConocoPhillips will sell the remainder of its gas stations in the United States, the Associated Press reports, though Conoco, Phillips 66, and 76 will continue to operate under those familiar
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StatoilHydro discovers oil off the coast of Norway

August 25, 2008
The Associated Press reports that StatoilHydro ASA has discovered more oil off the southwestern coast of Norway. The discovery, near the Sleipner oil field in the North Sea, is estimated
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Chevron unit signs deal to develop Canadian field

August 20, 2008
The Associated Press reported that Chevron Corporation said Wednesday that a Canadian subsidiary and its business partners -- including Exxon Mobil -- have finalized a deal to develop an oil
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BP says Azeri oil railway line out of action

August 18, 2008
British oil company BP PLC has stopped using a railway line that exports Azeri oil through Georgia following reports of damage to the line, the Associated Press reports. The closure
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Fluor wins $3.8 billion refinery upgrade contracts

August 13, 2008
Fluor Corp. says it has won several contracts valued at nearly $4 billion to modernize a BP America refinery in Indiana, the Associated Press reports. Although consumers are hurt by
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Brazil''s Petrobras buys part of Exxon''s Chile unit

August 11, 2008
The Associated Press reports that Brazil''s state-run oil company announced a deal to buy Exxon Mobil''s fuel distribution operations in Chile, continuing its expansion across Latin American energy markets. Petroleo
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Pipeline blaze in Turkey halts oil flow

August 6, 2008
An overnight fire on a Turkish section of the Baku-Tbilisi-Ceyhan pipeline halted the flow of oil, the Associated Press reported Wednesday. The fire, on a section of the pipeline in
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Alaska lawmakers OK TransCanada natgas pipeline

August 4, 2008
TransCanada Corp. won Alaskan legislative approval to build and operate a huge pipeline to ship natural gas from the North Slope to a network feeding domestic markets, according to Reuters.
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