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Oil & Gas

BP plant in danger of another accident, report

July 28, 2008
The Associated Press reports that life-threatening safety violations continue to plague a Texas City BP refinery, leaving it susceptible to another major accident like the one in 2005 that killed
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BP to buy Chesapeake properties for $1.75 billion

July 21, 2008
BP plans to acquire Chesapeake Energy''s stake in about 90,000 acres of natural gas properties in $1.75 billion, the Associated Press reports. The properties are in the Arkoma Basin Woodford
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Shell selling investment in Zimbabwe

July 16, 2008
Royal Dutch Shell PLC is selling its investment in a petroleum distribution business in Zimbabwe to South Africa-based Engen Petroleum Ltd, the Associated Press reports. Shell, which has a 50
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Chavez aims to expand Venezuela oil pact

July 14, 2008
According to the Associated Press, Venezuelan President Hugo Chavez recently touted a pact delivering fuel to Caribbean nations and loosened the financing terms to aid countries struggling with high oil
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Bristol-Myers settles Clean Air violations

July 11, 2008
The Associated Press is reporting that pharmaceuticals maker Bristol-Myers Squibb Co. has agreed to spend $3.65 million to resolve federal Clean Air Act violations by eliminating ozone-depleting refrigerants at factories
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Six plaintiffs settle before end of BP blast trial

July 11, 2008
The Associated Press is reporting that six cases have been settled out of court over the deadly explosion at a BP PLC refinery in Southeast Texas, leaving four plaintiffs in
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Polar bear harassment by oil companies challenged

July 9, 2008
According to the Associated Press, two conservation groups filed a lawsuit recently challenging the Bush administration''s decision to let oil companies unintentionally harass or harm polar bears and walruses off
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3 burned by steam in Louisiana refinery accident

July 7, 2008
According to the Associated Press, Louisiana authorities say three people are being treated for burns after a steam accident at a ConocoPhillips Co. refinery.Plaquemines Parish Sheriff''s Office Major John Marie
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FMC signs $120M contract with ConocoPhillips unit

July 2, 2008
The Associated Press is reporting that FMC Technologies Inc. said recently it signed a deal worth $120 million to supply underwater oil and gas production equipment to ConocoPhillips Scandinavia AS.Under
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Iraq unveils oilfields open for long-term contracts

June 30, 2008
According to Reuters, Iraq recently opened its giant oilfields to foreign firms, clearing the way for major investment by multinationals ushered out nearly 40 years ago under nationalization.The move is
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