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Strike in Scotland closes major North Sea oil pipeline
April 28, 2008
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According to the Associated Press, hundreds of workers at Scotland''s only oil refinery began a 48-hour strike recently that forced BP PLC to shut a pipeline system that delivers almost
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Oil company cuts production in Nigeria following attack
April 21, 2008
According to the Associated Press, Royal Dutch Shell will cut oil production by 169,000 barrel per day in Nigeria after militants attacked two pipelines recently in the restive southern region.The
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Brazil evaluates size of big oil find
April 21, 2008
The Associated Press is reporting that the chief of Brazil''s state-run oil company said recently it would take up to three months to evaluate the size of what could be
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Venezuela to Split With US Partner
April 16, 2008
According to the Associated Press, Venezuela wants to replace Exxon Mobil Corp. as its partner in a U.S. oil refinery partly controlled by its state-run oil company, the oil minister
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Nigeria''s Beniboye Fire Output Loss 5,000 Bpd
April 14, 2008
According to Reuters, Nigeria''s Beniboye flow station has been losing 5,000 barrels of oil per day (bpd) due to a fire that broke out over the weekend after sabotage, Italian
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Venezuela Could Make Exchange Rate More Flexible
April 14, 2008
According to Reuters, Venezuela could make its fixed exchange rate more flexible but will not eliminate currency controls completely, President Hugo Chavez said recently.Left wing president Chavez, who nationalized steel
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Brief Fire Hits Exxon Refinery in SoCal
April 7, 2008
Fire damaged part of an Exxon Mobil refinery recently but no one was injured, the Associated Press reported.The blaze erupted at 8:30 a.m. in a unit called the hydrotreater and
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Mozambique Signs $8 Bln Oil Refinery Deal
April 7, 2008
According to Reuters, Mozambique''s government has approved the construction of an oil refinery in an $8 billion deal designed to reduce the energy-hungry southern African nation''s dependency on imported
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Italy Oil Co. Resumes Ecuador Operations
April 2, 2008
The Associated Press is reporting that Italy''s Agip Oil gradually resumed operations at an Ecuador oil rig after members of an Amazon Indian community sabotaged it last week, paralyzing production
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Gabon Oil Union Says Ending Strike at Shell Site
April 2, 2008
According to Reuters, an oil workers'' union in Gabon said recently it was ending a strike at Shell''s Gabonese subsidiary after talks brokered by President Omar Bongo but that negotiations
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