Exxon Lowers Investment Bar, Buys Projects Previously Deemed Too Piddling

Exxon Mobil Corp. , BP Plc and Total SA are investing in assets that previously werena t worth their time or money after oil-rich nations reduced access to reserves and exploration drilling faltered.

Read More...

Chevron to shed 2,000 jobs, sell some assets

The job cuts represent almost 12 percent of its 17,000 workers in the so-called downstream part of its business and just over 3 percent of its overall work force.

Read More...

Pengrowth profits down as oil and gas prices slide

Pengrowth Corp., which administrates Pengrowth Energy Trust, reported a 66% drop in fourth quarter profit Tuesday on lower commodity prices and sales.

Read More...

Oil Drops to Near $81 After Monthlong Run-Up

In this March 5, 2010 photo, an overview of the ConocoPhillips oil refinery is seen in Rodeo, Calif.... In this March 5, 2010 photo, an overview of the ConocoPhillips oil refinery is seen in Rodeo, Calif.

Read More...

Schrader Sees 1% to 3% Annual Growth for TNK-BP: Video

March 8 -- William Schrader, chief operating officer of TNK-BP International Ltd., talks with Bloomberg's Lori Rothman and Mark Crumpton about the outlook for the company's growth.

Read More...

Top Valero executive gets $10.9M in 2009

The top executive of Valero Energy received compensation valued at $10.9 million in 2009, representing a 64 percent increase from the prior year, according to an Associated Press calculation of figures disclosed in a regulatory filing by the nation's largest independent petroleum refinery.

Read More...

Key Energy forms Middle East joint venture

Key Energy Services Inc. has entered the Middle East market with the formation of a joint venture in United Arab Emirates.

Read More...

Lyondell files restructure plan, rejects Reliance bid

Bankrupt petrochemicals firm LyondellBasell outlined a restructuring plan that it said was a better option than a $14.5 billion bid from Indian energy major Reliance Industries, court documents showed.

Read More...

Hythe-area blowout tough to tame

A natural gas well in northwest Alberta that blew out into flames on Feb. 24 is still burning, and workers believe the rupture may be far beneath the ground.

Read More...

Second death at New Mexico refinery confirmed

Federal and state investigators are probing blackened debris at a southeastern New Mexico oil refinery where a storage tank explosion killed two men and critically injured two others.

Read More...

Better-than-expected payroll data lift markets

U.S. stocks rose on Friday as data showed U.S. employers cut fewer jobs than expected last month, offering relief to investors braced for bad labor market news.

Read More...

Husky donates $2.5M to N.L. museum, art gallery

Calgary-based Husky Energy has made a $2.5 million donation to an Atlantic Canada cultural institution, officials said Friday, the largest donation of its kind.

Read More...

TSX closes down as commodities a drag

After driving the gains a day earlier, commodity stocks proved to be the Toronto Stock Exchange's biggest detriment on Thursday as some key prices fell.

Read More...

Mars Dunes: On the Move?

New studies of ripples and dunes shaped by the winds on Mars testify to variability on that planet, identifying at least one place where ripples are actively migrating and another where the ripples have been stationary for 100,000 years or more.

Read More...

Goldman Leads Slumping Merger Market as Buffett Deal Boosts Hopes for 2010

A pair of takeovers by billionaire investor Warren Buffett and oil giant Exxon Mobil Corp.

Read More...

Rockaway-based Able Oil is sued by N.J. attorney general for consumer fraud

The New Jersey Attorney General's Office has filed suit against Able Oil Co. of Rockaway under the state's Consumer Fraud Act arguing the firm failed to deliver heating oil to customers throughout the winter.

Read More...

Indian refiner leases 1.2 million barrels storage in Bahamas

India's Reliance Industries has leased about 1.2 million barrels of clean storage at the Borco Terminal in Bahamas as it seeks to increase its presence in the United States, trade sources said.

Read More...

BP Ceo Pay Soars As Profits Dive

The chief executive of Europe's largest oil company by production, BP Plc, enjoyed a 41 percent rise in total pay in 2009, even though profits dropped 45 percent.

Read More...

Girl Scouts to Sell Cookies at Uppy's Locations

Uppy's Convenience Stores have become Girl Scout cookie central for the Richmond metro area, with the largest local Exxon and BP retailer offering up 17 of its 43 locations for area Girl Scout troops during their annual sales drive.

Read More...

Exxon Mobil Contamination Lawsuit: Workers Awarded Millions

A state district court jury in Gretna has decided that Exxon Mobil Corp. failed to warn workers that offshore drilling pipes they cleaned over decades contained radioactive contamination.

Read More...


Provided by
AME Info

Did you find this content useful?