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Oil & Gas

StatoilHydro strikes oil, gas in North Sea

March 10, 2009
The Associated Press reported that StatoilHydro ASA announced an oil and natural gas discovery at an exploration well drilled in the North Sea near the existing Oseberg South field. The
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Enmex files counter suit against Tesoro for $2B

March 4, 2009
The Associated Press reports that California-based energy company Enmex Corporation filed a counter suit against independent oil refiner Tesoro Corporation for $2 billion in damages. The suit alleges breach of
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T. Boone Pickens pitches energy plan in Montana

March 2, 2009
According to the Associated Press Texas oilman T. Boone Pickens appeared with Montana''s governor to pitch his plan for decreasing the nation''s dependence on foreign oil, a strategy that could
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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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