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Oil & Gas

Refiners face competitive disadvantage with climate bill proposal

October 26, 2009
A new report by energy consultants Wood Mackenzie, says that cap-and-trade legislation will cost U.S. refiners about $100 billion a year by 2015 and put them at a competitive
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Scottish city prepares for life beyond oil

October 21, 2009
Offshore supply vessels resembling large, floating trucks fill Victoria Dock, unable to find charters, in a sign of the downturn in the British oil industry, according to Reuters. With British
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Pump prices rise quickly as refiners cut back

October 19, 2009
Many people filling up cars for the workweek are getting a big surprise: gasoline prices have been climbing rapidly. According to the Associated Press, gas prices have now risen
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Can green chemicals save the ethanol industry?

October 19, 2009
The Wall Street Journal reports that a group of biotechnology and chemical companies is proposing to use existing ethanol infrastructure to make higher-margin chemicals. Worries about global warming and
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Texas oil and chemical industries worry about EPA crackdown

October 14, 2009
According to the Associated Press, the Environmental Protection Agency has scrapped several aspects of Texas’ state air-pollution permitting program, which includes “flexible” permits. These “flexible” permits have allowed plants and
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RFK''s daughter backs Ecuadorians in Chevron lawsuit

October 12, 2009
Normal 0 0 1 263 1502 12 3 1844 11.1282 0 0 0 The Associated Press reports that Robert F. Kennedy''s daughter has sided with Ecuadorian Indians and farmers
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Conoco will sell off $10 billion of assets

October 7, 2009
The Associated Press reports that ConocoPhillips will increase its quarterly dividend 6 percent, sell $10 billion of assets and lower capital spending in 2010 in an effort to strengthen its
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High court won''t review oil royalties'' case

October 5, 2009
The Supreme Court has left in place a court ruling that the Obama administration says will cost taxpayers at least $19 billion in royalties on energy leases in the
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Chevron announces new CEO for 2010

October 1, 2009
Chevron Corp. tapped Vice Chairman John Watson to succeed David O''Reilly as chairman and chief executive officer during a crucial time for the oil major, faced with a global recession.
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Kuwait: BP interested in $9 billion China refinery

September 29, 2009
The Associated Press reports that a senior Kuwaiti official said, BP PLC is interested in teaming up with Kuwait in a planned $9 billion joint venture refinery project in southern
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