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Oil & Gas

Exxon Builds Australian Terminal

Zacks Equity Research reports that ExxonMobil Corp. plans to initiate the construction of a new 9 million liter diesel fuel tank at the Birkenhead fuel terminal in Adelaide, Australia.Mobil Oil
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China Food Factory Owner Held Amid Chemical Scare

The Associated Foreign Press reports, police in southern China have detained a factory owner suspected of mixing an industrial chemical used to soften plastics into food additives, state media reported.
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Chevron Contracts to AusGroup

The Australian unit of Chevron Corporation awarded a major pipe stool manufacturing contract to AusGroup for the Gorgon liquefied natural gas project. The value of the deal has been estimated
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Dow Makes Energy from Recycled Plastic

In a press release statement, Dow Chemical Company announced that it has successfully demonstrated the use of recycled plastic to generate energy. The successful pilot test measured how plastic that
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BP-Rosneft $16 Billion Share Swap Deal Fails

BP''s hopes of making Arctic oil production the key to its recovery from the Gulf of Mexico spill were dealt a severe blow after it failed to secure a $16
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LyondellBasell to Boost Ethylene Output in US

Bloomberg reports, LyondellBasell plans to boost U.S. ethylene output and may build another plant as rising shale-gas supplies increase the country’s competitiveness. Expansions at existing plants, possibly in Channelview and
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Iraq Asks Companies to Bid for New Energy Licenses

Iraq has asked companies to begin submitting bids in June for a new round of exploration licenses and plans to disclose the results in January, reports Bloomberg. The country
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Mystery Illnesses Plague Louisiana Oil Spill Crews

Jamie Simon worked on a barge in the oily waters for six months following the BP spill last year, cooking for the cleanup workers, washing their clothes and tidying up
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J&J Settles US, UK Bribery, Kickback Charges

Johnson & Johnson will pay $78 million to settle U.S. and UK charges that it paid bribes and kickbacks to win business overseas, reports Reuters. Johnson & Johnson agreed to
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BP Pays $30 Million for Florida Tourism Promotion

The Associated Press reports, BP PLC has agreed to pay $30 million to seven Florida Panhandle counties for tourism promotion over the next three years. Florida Gov. Rick Scott joined
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