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Oil & Gas

ConocoPhillips to Split in Two

According to Bloomberg, ConocoPhillips will spin off its refining and marketing arm into a new business, two weeks after Marathon Oil Corp. split itself up to increase returns for investors.
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BP, Partners Invest $4.8 Billion in Fields Near Shetlands

Oil company BP and its partners are investing 3 billion pounds ($4.8 billion) to redevelop two fields west of the Shetland Islands, according to the Associated Press. BP said it
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US Court Revives Indonesia Case against Exxon

A federal appeals court is reviving a lawsuit by Indonesians who want Exxon Mobil Corp. held responsible for deadly attacks by security forces more than a decade ago, according to
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Failed Montana Pipeline Was Deeply Buried

According to the Associated Press, Exxon Mobil Co. had reassured federal regulators and officials from a Montana town since December that an oil pipeline beneath the Yellowstone River was safe,
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OM Group Buying Vacuumschmelze for Roughly $1 Billion

The Associated Press reports that OM Group is buying Germany''s Vacuumschmelze GmbH & Co. KG for about $1 billion. The transaction also includes $50 million in equity. OM Group has
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In-State Natural Gas Pipeline Could Cost $7.5 Billion

According to the Associated Press, a natural gas pipeline project meant to meet energy needs in Alaska''s most populous region could cost $7.5 billion and require that the state cover
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Rising River Complicates Exxon Oil Spill Cleanup

According to the Associated Press, the initial cleanup along the oil-fouled Yellowstone River could be tested Tuesday as rising waters make it harder for Exxon Mobil Corp. to get to
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Acid, Chlorine Mixed at Tyson Plant

According to the Associated Press, a solution of chlorine was poured into a drum of acid inside a Tyson Foods Inc. chicken processing plant in Arkansas this week, creating chlorine
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Chevron to Tap Carabobo Oil in 2012

Zacks Equity Research reports that Chevron Corp. expects the start-up of an oil field in Venezuela’s Orinoco Belt next year. Chevron believes it can commence production from Orinoco’s Carabobo Project
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Statoil Focuses on Offshore Wind

Zacks Equity Research reports that Norway-based Statoil ASA, through its subsidiary, has signed two contracts for the sale of a major part of its key onshore wind power assets. This
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