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Oil & Gas

Venezuela urges OPEC to study Exxon row

March 3, 2008
According to Reuters, Venezuela wants next week''s OPEC meeting to discuss its escalating legal battle with Exxon Mobil, a Venezuelan official was reported by Algeria''s official APS news agency as
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Alaska Prepares to Sue BP

March 3, 2008
The Associated Press is reporting that the state of Alaska intends to sue BP PLC for losses incurred by oil spills, pipeline leaks and shutdowns on the North Slope two
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France Wants Global Oil Tax

February 22, 2008
The Associated Press reported that French President Nicolas Sarkozy has asked the head of the International Monetary Fund to consider a tax on oil companies'' profits to help countries without
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Chavez Threatens US Oil Cutoff

February 13, 2008
The Associated Press reported recently that President Hugo Chavez threatened to cut off oil sales to the United States in an "economic war" if Exxon Mobil Corp. wins court judgments
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A. Schulman Cutting Payroll, Capacity

February 7, 2008
A. Schulman Inc., which makes plastics and resins, said recently it will close a Canadian plant and seek a buyer for a Texas facility, the Associated Press reported.Both actions are
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Total Appeals Verdict in Oil Spill Trial

January 28, 2008
The Associated Press reported recently that Total SA said it will appeal the guilty verdict against it in the 1999 sinking of the oil tanker Erika, which caused France''s worst-ever
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Nicaragua Buys Esso Standard Oil Tanks

January 11, 2008
The Associated Press reported recently that Nicaragua has bought a disputed fuel tank facility from an Exxon Mobil subsidiary to store subsidized Venezuelan oil, according to President Daniel Ortega who
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Exxon Mobil Starts Production Off Angola

January 10, 2008
The Associated Press reported recently that Exxon Mobil Corp. announced it has begun oil production from a multibillion-dollar project off the west African coast. The company plans to drill more
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BP Plant Explosion Settlement Reached

January 8, 2008
According to the Associated Press, eight men reached a settlement with BP recently in the second civil trial involving injuries in the deadly explosion at the company''s Texas City refinery.The
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Alabama''s Exxon Mobil Dispute in Court

January 8, 2008
According to the Associated Press, the legal fight between Exxon Mobil and the state of Alabama isn''t over, even though the state Supreme Court threw out most of the $3.6
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