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Oil & Gas

Oil Driller Ensco to Buy Rival Pride

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Ensco Plc will buy its rival Pride International Inc for about $7.3 billion in a deal that would create the world''s second-largest offshore oil and gas driller, according to the
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Oil Giant Posts 53 Percent Increase in Profit

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Exxon Mobil posted quarterly earnings that topped Wall Street expectations, due to rising oil prices and increased production, reports CNNMoney.com. The oil company posted earnings of $9.25 billion in
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Chevron Signs Gas Deal with Kyushu Electric

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Chevron Corp. signed a 20-year deal to sell liquefied natural gas to Japanese utility Kyushu Electric Power Co., reports San Francisco Business Times. The company will be getting 0.3 million
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Myriant Technologies Building World''s Sustainable Specialty Chemical Plant in North America

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New Lake Providence facility will be world''s largest of its kind, creating nearly 200 jobs and $80 million capital investmentPRNewswire reports, Gov. Bobby Jindal joined Myriant Technologies LLC Chairman and
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Turkmenistan Plans to Triple Natural Gas Production by 2015

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Turkmenistan, holder of the world’s fourth-largest natural gas reserves, plans to increase output of the fuel to 125 billion cubic meters a year in 2015, according to a posting on
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