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Oil & Gas

OPEC to cut oil production; crude falls

October 27, 2008
In an emergency meeting in Vienna, the Organization of Petroleum Exporting Countries, announced production cuts of 1.5 million barrels a day in an effort to stem a steep price decline,
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EESTECH Inc. and Aryan Clean Coal Technologies of India enter into joint venture

October 27, 2008
EESTECH, Inc. and Aryan Clean Coal Technologies, a wholly-owned subsidiary of Aryan Coal Beneficiations Pvt. Ltd of India, have entered into an agreement to establish a joint venture company to
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Alaska, Exxon Mobil work to resolve lease dispute

October 22, 2008
According to the Associated Press, Exxon Mobil Corp. and Alaska officials are trying to settle a complex lawsuit over a North Slope natural gas field deemed essential to a successful
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Chesapeake officials call buyout unlikely

October 20, 2008
Company officials at publicly-traded Chesapeake Energy Corp. say a buyout is both unwelcome and unlikely, as reported by the Associated Press. The company will continue to pursue partnerships with
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Colorado University to open new oil shale research center

October 15, 2008
The Colorado School of Mines is creating a new oil shale research center on campus that will include a global database of information accessible over the Internet, according to the
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Iraq lays out rules for first round of oil bids

October 13, 2008
The Associated Press reports that Iraq''s oil minister has met with 34 oil company representatives in London to set out the ground rules for the first round of bidding for
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Chevron loses NY ruling on rainforest issue

October 8, 2008
The Associated Press reports that a federal appeals court in New York has rejected Chevron Corp.''s latest attempt to force Ecuador to help pay for any court-ordered cleanup of the
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Pipeline company faces up to $2.4 million fine

October 6, 2008
The Pipeline and Hazardous Materials Safety Administration’s investigation found Enbridge committed eight probable violations, according to the Associated Press. The findings are consistent with what Enbridge found in its internal
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Appraisal well confirms North Sea oil find off Norway

October 1, 2008
The Norwegian Petroleum Directorate announced an appraisal well has been confirmed, according to the Associated Press. The so-called Jordbaer prospect in the North Sea contains some 56-80 million barrels
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Compressed Natural Gas (CNG) public access stations coming to Atlanta, Oklahoma City

September 29, 2008
Clean Energy Fuels Corp. will own, operate and supply fuel for new compressed natural gas (CNG) public access stations to support airport operations in Atlanta and Oklahoma City, as reported
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