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Oil & Gas

Shell''s renewables strategy to focus on biofuels

March 18, 2009
Royal Dutch Shell PLC, Europe''s largest oil company, announced its alternative energy strategy would focus more on biofuels than wind or solar energy, reported the Associated Press. They also revealed
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Kuwait to scrap $14 billion refinery project

March 16, 2009
Kuwait is scrapping a $14 billion project to build a fourth refinery in the oil-rich country, the prime minister said in remarks published by the Associated Press. The announcement
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DuPont completes global expansion of Nomex® capacity

March 16, 2009
DuPont has completed a planned expansion for DuPont™ Nomex® with the successful startup of a previously announced new production unit at its Asturias, Spain, facility. This expansion is the final
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Murphy Oil sells all properties in Ecuador

March 16, 2009
The Associated Press reports that Murphy Oil Corporation has sold all of its oil-producing properties in Ecuador, with cash proceeds estimated at $87 million. The company says it sold the
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Nigeria pipeline blast slashes production

March 16, 2009
Militants have sabotaged an oil pipeline operated by Chevron Corp. in southern Nigeria, slashing its daily production by more than 10,000 barrels, according to the Associated Press. Military authorities said
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Salmonella recall could cost peanut producers $1 billion

March 11, 2009
The Associated Press reports that the effects of the widespread peanut butter recall could cost rural America''s peanut producers $1 billion in lost production and sales, according to testimony to
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Venezuela''s oil company slashes costs, warns contractors not to halt rigs

March 9, 2009
Venezuela''s top oil official said the government is slashing the amount it spends on oil industry contractors by 50 percent because of low crude prices. According to the Associated Press,
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India''s Reliance Industries to absorb subsidiary

March 2, 2009
The Associated Press reports that India''s Reliance Industries Ltd. will absorb its Reliance Petroleum subsidiary through a share swap, consolidating its control of the world''s largest refinery complex, the companies
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New urgency to get to Iraq''s oil

March 2, 2009
International companies have waited years to tap into Iraq''s vast oil wealth and now Iraqi officials are working feverishly to make that happen soon. There is growing apprehension about the
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BP to pay nearly $180 million in pollution case after explosion at Texas refinery

February 25, 2009
International energy giant BP has agreed to pay almost $180 million to settle a pollution case with the U.S., according to the Associated Press. BP Products North America Inc., a
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