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Oil & Gas

Ethanol Companies with a Bright Future, Report

Marketwire reports that, driven by the U.S. Clean Air Act and EPA regulations, the long-term prospects for ethanol companies such as Pacific Ethanol and BioFuel Energy are looking brighter than
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Chevron Fined $9.5 Billion in Ecuador

An Ecuadorean judge ruled in an epic environmental case that Chevron Corp. was responsible for oil drilling contamination in a wide swath of Ecuador''s northern jungle and ordered the oil
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PetroChina to Invest More than $5 Billion in Shale Natural Gas Play

The Associated Press reports that PetroChina Ltd., China''s biggest oil and gas producer, has agreed to pay $5.4 billion for a 50-percent stake in Encana Corp''s shale natural gas play
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NJ Governor Vetoes Liquefied Natural Gas Operation

The Associated Press reports that New Jersey Gov. Chris Christie vetoed a proposed offshore liquefied natural gas project 16 miles off the coast of Asbury Park, saying the plan is
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Dow Says Most of St. Charles Plant Running, Cracker Restarting

Bloomberg reports that Dow Chemical Co., restarted all operations at its St. Charles chemical plant in Louisiana with the exception the steam cracker, said a company spokesman. A Jan. 3
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Alaska Lawmakers Propose Ditching Pipeline Plan

According to the Associated Press, Alaska lawmakers introduced legislation to abandon a centerpiece of former Gov. Sarah Palin''s administration: a state-sanctioned effort to advance a major natural gas pipeline. The
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BP Selling its Southern Calif. Gasoline Business

The Associated Press reports that BP PLC says it is selling its Southern California gasoline business as part of a major restructuring after last year''s catastrophic oil spill in the
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Lyondell to Shut Texas Olefins Unit for Planned Work

LyondellBasell Industries NV will shut one of two olefins units at its Channelview plant in Texas in the second quarter for planned work, according to Bloomberg. The unit, which has
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North Carolina Woman Admits to False Gulf Oil Spill Claim

According to the Associated Press, a North Carolina woman has pleaded guilty to submitting false compensation claims and other offenses in the wake of the BP PLC Gulf oil spill,
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Chevron Building $1.4 Billion Mississippi Facility

Chevron Corp. will build a $1.4 billion facility in Mississippi to make the main ingredient for motor oil and other lubricants, reports Bloomberg. The new facility will be located at
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