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Oil & Gas

Militants battle government over Niger Delta

September 15, 2008
Gunmen continue to battle government forces in violence in Nigeria''s southern oil region after the main militant group declared a state of war and raised the specter of a stepped-up
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Conoco to invest $8 billion in Australia natural gas project

September 11, 2008
Houston-based ConocoPhillips has agreed to invest up to $8 billion for a half stake in a liquefied natural gas project in Queensland, Australia. The oil company is partnering with Australia''s
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New biodiesel company planned in Africa

September 11, 2008
The Market Wire reports that Biofuel Namibia Ltd. of the Leviev Group and Evogene Ltd. together with Orfuel Inc., a U.S. subsidiary of Ormat Industries Ltd., have signed an agreement
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Shell welcomes Iraqi approval of gas agreement

September 11, 2008
Royal Dutch Shell PLC welcomed the Iraqi Cabinet approval of a tentative agreement that would allow it to establish a joint venture with the Oil Ministry to invest in natural
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Saudi Arabia and Chevron extend operating agreement 30 years

September 11, 2008
The Business Wire reports that Chevron Corporation has announced the extension and amendment of its agreement with the Kingdom of Saudi Arabia. This agreement grants Chevron the right to operate
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Venezuelan lawmakers approve law allowing state takeover of fuel distribution

September 5, 2008
Lawmakers loyal to President Hugo Chavez gave final approval on Thursday to a bill allowing the Venezuelan government to seize total control of the nation''s fuel distribution, according to the
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Chevron sells Puerto Rico plant assets to salvage company

September 4, 2008
Chevron Phillips Chemical is unloading a plant it has operated in Puerto Rico since 1967. The company is selling the Guayama plant''s assets to Louisiana Chemical Equipment Company LP and
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Chevron announces first gas from Australian facility

September 4, 2008
The Business Wire reported today that Chevron Corporation announced first gas from the North West Shelf Venture’s Train 5 onshore liquefied natural gas facility at the Karratha Gas Plant in
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StatoilHydro discovers oil off the coast of Norway

August 26, 2008
The Associated Press reports that StatoilHydro ASA has discovered more oil off the southwestern coast of Norway. The discovery, near the Sleipner oil field in the North Sea, is estimated
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Brazil''s Petrobras buys part of Exxon''s Chile unit

August 26, 2008
The Associated Press reports that Brazil''s state-run oil company announced a deal to buy Exxon Mobil''s fuel distribution operations in Chile, continuing its expansion across Latin American energy markets. Petroleo
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