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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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. |
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