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Oil & Gas

Air Products completes sale of DNT production facility

April 10, 2006
According to PRNewswire, Air Products has completed the sale of its dinitrotoluene (DNT) production facility in Geismar, La., to BASF Corporation for $155 million. Air Products had announced the planned
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Congressmen launch inquiry into Trans-Alaska pipeline spill

April 10, 2006
Two congressmen are starting their own investigation into the North Slope''s largest pipeline spill ever, and wonder whether the corrosion that may have caused the leak has reached the main
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Venezuela to sell off U.S. refinery

April 10, 2006
Venezuela has decided to sell its Lyondell-Citgo refinery in Texas after long complaining that its U.S. refineries have not been profitable enough, the Associated Press reports. Houston-based Citgo Petroleum Corp.,
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Exxon Mobil to buy oil field stake

March 27, 2006
The Associated Press reports that Exxon Mobil Corp., the world''s second-largest integrated oil company, on Monday said it agreed to acquire a 28 percent stake in an oil field in
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BOC Group accepts $14.9 billion takeover offer

March 13, 2006
Germany''s Linde AG said that directors of British gases company BOC Group PLC have accepted a takeover offer worth 8.5 billion pounds ($14.9 billion) in a deal that would create
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Arrest warrant issued for energy executive

March 13, 2006
Bolivian authorities issued an arrest warrant last Thursday for the local president of Spanish-Argentine energy company Repsol YPF after he failed to testify in an oil-smuggling investigation, the Associated Press
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French oil company to go on trial for 1999 spill

February 6, 2006
French oil company Total SA will go on trial in Paris for its suspected role in a 1999 oil spill that blackened large swaths of the coast of western France.
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Exxon sees record profits for any U.S. company

January 31, 2006
Exxon Mobil Corp. posted record profits for any U.S. company on January 30 — $10.71 billion for the fourth quarter and $36.13 billion for the year — as the world''s biggest publicly
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Air Products Canada to build and operate a second hydrogen plant in Edmonton

January 23, 2006
PRNewswire reports that Air Products Canada Ltd., will construct a 105 million standard-cubic-feet-per-day hydrogen production plant to serve several customers in the Alberta Heartlands industrial corridor and the Petro-Canada refinery
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Dow Chemical wins canola oil patent suit

January 10, 2006
Dow Chemical Co. said that an Oregon federal court judge has ruled in its favor in a patent lawsuit the chemicals company filed against Cargill Inc., the Associated Press reports.
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