View Cart (0 items)

Oil & Gas

Valero to Buy Chevron’s Pembroke Refinery for $1.73 Billion

Bloomberg reports, Valero Energy Corp. has agreed to buy Chevron Corp.’s U.K. refinery and 1,000 retail outlets for about $1.73 billion in cash, gaining its first European plant. The Pembroke
Read More

BP to Pay $7.2 Billion for India Energy Fields Stake

The British oil company BP said that it would pay $7.2 billion-growing oil and gas industry, reports the Associated Press. BP will take a 30 percent stake in 23 oil
Read More

ConAgra to Shut Down Slim Jim Plant

Bizjournal reports, ConAgra will complete the shutdown of its Garner Slim Jim production plant and lay off the remaining 394 employees there by May 27 – nearly two years after
Read More

Oil Industry Braces for Fallout From Libya

Oil consuming nations have emergency reserves they can use to stabilize markets in case the violence in Libya and the wider Middle East escalates and crimps production, officials said, reports
Read More

Ecuador Accepts US Court Decision Favoring Chevron

The Associated Press reports, Ecuadorian officials say they will temporarily block a potential multibillion-dollar judgment against Chevron Corp. for alleged environmental damages. The Attorney General''s Office says in a statement
Read More

Oil Driller Ensco to Buy Rival Pride

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
Read More

Oil Giant Posts 53 Percent Increase in Profit

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
Read More

Chevron Signs Gas Deal with Kyushu Electric

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
Read More

Myriant Technologies Building World''s Sustainable Specialty Chemical Plant in North America

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
Read More

Turkmenistan Plans to Triple Natural Gas Production by 2015

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
Read More