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Oil & Gas

Brazil food activists, police clash

June 12, 2008
The Associated Press is reporting that police in southern Brazil recently fired rubber bullets and tear gas at protesters who tried to invade a supermarket to protest high food prices,
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Brazil''s Embraer sees airlines cutting seats to face oil spike

June 9, 2008
Reuters is reporting that airlines must slash unprofitable routes and raise passenger ticket prices to survive an industry disaster threatened by high fuel prices, Brazilian aircraft manufacturer Embraer warned
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J.M. Smucker buys Folgers for $2.95 billion

June 6, 2008
According to the Associated Press, jams and jellies maker J.M. Smucker is adding coffee to its menu of brands by buying Folgers from consumer products company Procter & Gamble (P&G)
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Bolivia: $240 million for Transredes

June 4, 2008
The Associated Press is reporting that Bolivia''s government says it will pay $240 million to Royal Dutch Shell and Ashmore Energy International for their shares in nationalized gas pipeline company
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Sudan leaders close to oil town deal

June 4, 2008
According to Reuters, leaders from northern and southern Sudan are close to a deal on ending clashes over a contested oil town that have raised fears of a return to
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Total predicts prolonged high oil prices

June 4, 2008
The Associated Press is reporting that the CEO of France''s Total SA, Christophe de Margerie, said recently that consumers should get used high oil prices, predicting no let up in
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Exxon pursuing arbitration with Venezuela - exec

June 2, 2008
Reuters is reporting that Exxon Mobil Corp. is still pursuing arbitration with Venezuela over the OPEC nation''s 2007 nationalization of the Cerro Negro heavy oil project, a company executive told
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BP in pipeline deal with Panama company

May 30, 2008
According to the Associated Press, a unit of BP PLC said recently it signed a deal with a Panamanian company to transport crude oil via pipeline from the Atlantic side
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French fishermen block Total SA refineries

May 27, 2008
According to the Associated Press, French fishermen angry over soaring world oil prices disrupted shipping in the English Channel and blocked deliveries recently at two refineries of oil giant Total
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Nigerian militants claim pipeline attack

May 27, 2008
According to the Associated Press, militants said they destroyed an oil pipeline recently in Nigeria''s petroleum-producing region and killed 11 soldiers in an ensuing gunbattle with security forces. The government
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