View Cart (0 items)

Oil & Gas

Foster Wheeler wins deal to design Iraq refinery

April 6, 2009
Reuters reports that Iraq has signed a $128 million contract with Foster Wheeler to draw final engineering designs for a 300,000 barrel-per-day oil refinery in its south, the deputy oil
Read More

OPEC can live with $50 oil for 2009

April 6, 2009
OPEC may be able to live with oil prices around $50 a barrel in 2009, its Secretary General said recently, just another sign the group has limited its price aspirations
Read More

State, feds file civil suits over BP oil spills

April 1, 2009
Separate state and federal civil lawsuits were filed against BP Exploration (Alaska) Inc. over two spills at the nation''s largest oil field in 2006, reported by the Associated Press. The
Read More

Hard times mean new opportunities for Big Oil

March 31, 2009
Plunging crude prices have begun to play out in favor of Western oil companies by giving them leverage with oil-rich countries that only months ago had no reason to compromise,
Read More

Canadian oil giants Suncor and Petro-Canada join in $15.5 billion deal

March 23, 2009
Suncor Energy Inc. will acquire Petro-Canada for $15.5 billion, uniting two of Canada''s biggest oil companies as the nation''s energy industry retrenches, as reported by the Associated Press. If the
Read More

Canada recovers all 17 bodies from chopper crash

March 18, 2009
Canadian police have recovered all 17 bodies from the wreckage of a downed helicopter that crashed in the freezing Atlantic off the coast of Newfoundland, the Associated Press reports. The
Read More

Refiner Valero to obtain seven VeraSun plants

March 18, 2009
The Associated Press reports that Valero Energy will buy seven ethanol plants from VeraSun Energy for $477 million, the largest biofuel buyout in terms of production capacity. VeraSun, the country''s
Read More

Sonoco Products to close Ohio paperboard plant

March 18, 2009
Packaging maker Sonoco Products Co. will close a mill in Lancaster, Ohio, that makes uncoated recycled paperboard, reports the Associated Press. The company will close the plant on May 16,
Read More

EU slaps import fees on US biodiesel

March 17, 2009
The EU fees will affect biodiesel sold by Archer Daniels Midland Co., Cargill Inc. and several others to Europe, the world''s biggest user and producer of crop-based fuels. The EU
Read More

Poet, Magellan may build $3.5 billion ethanol pipeline

March 17, 2009
Biofuels company Poet LLC and Magellan Midstream Partners LP on have announced a joint venture to study whether they can build a dedicated ethanol pipeline with an estimated cost of
Read More