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Oil & Gas

Pipelines race out of the mountains into yards

December 1, 2008
In the past 10 years, more than 20,000 miles of new natural gas pipelines have been built and brought on line, according to the Associated Press. Those pipelines can carry
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Delek US Holdings reports death from refinery fire

November 24, 2008
The Associated Press reports that Delek US Holdings has confirmed that one man has died of injuries sustained in a Tyler, Texas, oil refinery explosion. The explosion and subsequent fire
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Flowserve signs agreement with Saudi Aramco

November 24, 2008
Businesswire.com reports that Flowserve Corporation has announced it has signed a 10-year strategic supplier agreement with Saudi Aramco, one of the world''s largest oil producing companies. The supply agreement includes
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More consolidation likely in oil industry between Big Oil and independents

November 19, 2008
Big Oil is set to spend billions on new exploration in 2009, but in addition to ocean beds thousands of feet below the water''s surface, major producers are surveying the
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Chevron announces first oil from Blind Faith Field in Gulf of Mexico

November 17, 2008
Chevron Corporation announced that it has started crude oil production from its Blind Faith Field in the deepwater Gulf of Mexico, as reported by the Associated Press. First oil from
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StatoilHydro forms strategic alliance with major US gas player

November 12, 2008
StatoilHydro and Chesapeake Energy Corporation announced their agreement to jointly explore unconventional gas opportunities worldwide, according to the Associated Press. StatoilHydro will initially acquire a 32.5% interest in Chesapeake''s Marcellus
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Researchers push butanol as biofuel answer

November 12, 2008
Ethanol might reign as the king of biofuels, but several companies are betting that a close cousin may overcome some of its shortcomings. Butanol has traditionally been used as paint
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Nigerians file suit against Shell in Dutch court

November 10, 2008
The Associated Press reports that an environmentalist group and four Nigerians have filed suit against Royal Dutch Shell PLC in the Netherlands, claiming the company was negligent in cleaning up
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Obama victory a boon to unions, auto industry, could harm oil and gas companies

November 5, 2008
Barack Obama''s victory in the presidential race will give labor unions and the embattled U.S. auto industry a strong ally in the White House, and likely will put pressure on
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Five Western oil majors earn $45 billion in third quarter

November 3, 2008
The five Western oil majors rang up a combined $45 billion in third-quarter profits, heading into a recession with a bigger cash cushion than most industries, but still facing uncertainty
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