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Oil & Gas

Iraq signs oil deal with a British company to boost production

February 26, 2009
Iraq signed a joint venture oil deal with a British-based company in one of the largest deals since the 2003 U.S.-led invasion, according to the Associated Press. The deal comes
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Ethanol plants could produce “green chemicals”

February 26, 2009
“Green chemicals” startup Genomatica has bioengineered a petroleum-free version of a widely used industrial solvent that can be produced in shuttered ethanol plants. The chemical, methyl ethyl ketone, or MEK,
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American drilling techniques may migrate overseas

February 24, 2009
In Europe, where gas production has declined and where an international utility dispute recently left people in more than a dozen European countries shivering in unheated homes, European energy giants
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Gunmen attack two oil facilities in southern Nigeria

February 18, 2009
A private security official said that gunmen attacked two oil facilities operated by Royal Dutch Shell in Nigeria''s restive south, reported by the Associated Press. The official said that a
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Crude oil is getting cheaper -- so why isn''t gas?

February 16, 2009
Crude oil prices have fallen to new lows for this year. So you''d think gas prices would sink right along with them. Not so. The Associated Press reports that, for
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New Interior Secretary rejects Bush offshore drilling plan

February 11, 2009
The Associated Press reports that, Interior Secretary Ken Salazar has rejected a Bush administration plan to open vast waters off the Pacific and Atlantic coasts to oil and gas drilling.
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Chevron seeks legal costs from Nigerians

February 9, 2009
Chevron Corp. is seeking to recoup $485,000 in litigation costs from a group of Nigerian villagers who unsuccessfully sued the big energy company over the shootings of protesters who occupied
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U.S. refiners, workers reach tentative labor deal on wages and benefits, avoiding a strike

February 4, 2009
The Associated Press reports that union negotiators have tentatively agreed to a new labor contract with refiners, averting a strike by as many as 24,000 workers that could have
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MGP Ingredients to end ethanol production

February 4, 2009
MGP Ingredients Inc. has announced plans to leave the ethanol business, according to the Associated Press. The company will also temporarily shut down distillery operations in Illinois, requiring the
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Strike by 24,000 refinery workers averted for now

February 2, 2009
A strike by 24,000 refinery workers has been averted, as both sides agreed to extend negotiations for at least 24 hours, according to the Associated Press. Workers at refineries
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