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Oil & Gas

Venezuela to Split With US Partner

April 16, 2008
According to the Associated Press, Venezuela wants to replace Exxon Mobil Corp. as its partner in a U.S. oil refinery partly controlled by its state-run oil company, the oil minister
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Nigeria''s Beniboye Fire Output Loss 5,000 Bpd

April 14, 2008
According to Reuters, Nigeria''s Beniboye flow station has been losing 5,000 barrels of oil per day (bpd) due to a fire that broke out over the weekend after sabotage, Italian
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Venezuela Could Make Exchange Rate More Flexible

April 14, 2008
According to Reuters, Venezuela could make its fixed exchange rate more flexible but will not eliminate currency controls completely, President Hugo Chavez said recently.Left wing president Chavez, who nationalized steel
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Brief Fire Hits Exxon Refinery in SoCal

April 7, 2008
Fire damaged part of an Exxon Mobil refinery recently but no one was injured, the Associated Press reported.The blaze erupted at 8:30 a.m. in a unit called the hydrotreater and
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Mozambique Signs $8 Bln Oil Refinery Deal

April 7, 2008
According to Reuters, Mozambique''s government has approved the construction of an oil refinery in an $8 billion deal designed to reduce the energy-hungry southern African nation''s dependency on imported
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Italy Oil Co. Resumes Ecuador Operations

April 2, 2008
The Associated Press is reporting that Italy''s Agip Oil gradually resumed operations at an Ecuador oil rig after members of an Amazon Indian community sabotaged it last week, paralyzing production
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Gabon Oil Union Says Ending Strike at Shell Site

April 2, 2008
According to Reuters, an oil workers'' union in Gabon said recently it was ending a strike at Shell''s Gabonese subsidiary after talks brokered by President Omar Bongo but that negotiations
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Venezuela Sends Chalmette Oil to China

March 31, 2008
According to the Associated Press, Venezuela is rerouting oil to China that had previously been sent to a U.S. refinery co-owned by its state oil company and Exxon Mobil Corp.,
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Gabon Oil Union Threatens Nationwide Shutdown

March 31, 2008
Reuters is reporting that oil industry unions in Gabon threatened to call a nationwide strike if they fail to reach a deal to end a strike at Shell''s subsidiary in
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Venezuela Eyes New Tax on Oil Companies

March 26, 2008
According to the Associated Press, Venezuela will soon impose a new tax on oil companies aimed at recouping a larger share of their rising profits, President Hugo Chavez said recently.The
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