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Oil & Gas

BPZ Resources, Shell seek Peruvian joint venture

June 27, 2008
The Associated Press is reporting that shares of BPZ Resources Inc. soared recently after the oil and gas exploration and production company said it is in talks with a unit
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Head of the European Central Bank says speculators not to blame

June 25, 2008
According to the Associated Press, the head of the European Central Bank said recently that he did not believe speculators should carry most of the blame for skyrocketing oil prices
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Nigerian youths blow up oil pipeline, output cut

June 23, 2008
According to Reuters, armed youths blew up a Nigerian crude oil pipeline operated by U.S. major Chevron, a militant group said recently, cutting more output from the world''s eighth largest
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Nigeria attack stops Shell''s Bonga offshore oil

June 20, 2008
Reuters is reporting that militants in speedboats attacked Royal Dutch Shell''s main offshore facility in Nigeria recently, cutting the country''s oil output by a tenth and raising fears of a
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Supreme Court allows human rights suit against Exxon Mobil

June 18, 2008
Market Watch is reporting that the U.S. Supreme Court dealt a loss to Exxon Mobil recently by allowing a lawsuit on human rights abuses in Indonesia to continue at a
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Sasol, Shenhua agree joint coal-to-oil project

June 16, 2008
According to Reuters, South Africa''s Sasol, the world''s largest maker of oil from coal, has agreed with China''s Shenhua Group to jointly produce motor fuel from coal by 2016, Xinhua
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Argentine Farmers Step Up Tax Protest, Curb Shipments

June 16, 2008
According to Bloomberg.com, Argentine farmers intensified protests against higher export taxes, halting the flow of grains nationwide and threatening to prompt food shortages in supermarkets, after police arrested some of
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Exxon sells US gas stations to distributors

June 13, 2008
According to the Associated Press, Exxon Mobil Corp. said recently it''s getting out of the retail gasoline business, following other major oil companies who''ve been selling their low-margin stations to
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Iraq to announce 1st round oil tenders this month

June 12, 2008
According to the Associated Press, the Iraqi Oil Ministry this month will announce the first round of tenders to develop several vast oil fields, a spokesman said recently.About 35 out
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Kenya Airways says fuel costs threaten profits

June 12, 2008
According to Reuters, Titus Naikuni, the chief executive of Kenya Airways, one of Africa''s most successful airlines, said recently that its profits could entirely disappear if fuel costs keep rising.Like
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