The global law firm of Thompson & Knight has assisted Sonangol, the state-owned oil company of Angola, in a transaction for one of the world’s largest integrated natural gas projects. Under terms of the deal, Sonangol’s Sonagas unit and Chevron Corp., together with their European partners Total SA, BP PLC, and Eni SpA, have agreed [...]
Research and Markets has announced the addition of the “Oil & Gas in Norway” report to their offering.
The Oil & Gas in Norway industry profile is an essential resource for top-level data and analysis covering the oil & gas industry. It includes detailed data on market size and segmentation, plus textual and graphical analysis of [...]
Enbridge Inc. and BP Pipelines Inc. announced they have entered into an agreement to develop a new delivery system to transport Canadian heavy crude oil from Flanagan, Illinois, to Houston and Texas City, Texas, using a combination of existing facilities and new pipeline construction where required.
The new delivery system is expected to be in service [...]
The U.S. Supreme Court rejected an attempt by victims of a deadly refinery explosion to block a plea deal between BP PLC and prosecutors.
The Supreme Court’s action means a federal judge in Houston can now decide whether to give final approval to the much criticized plea deal, which settles criminal conduct by the London-based oil [...]
As oil set a new record, top industry executives and a senior European government official urged the world to pull together in the face of skyrocketing energy prices, while acknowledging that costly crude is here to stay for years.
The comments to the World Petroleum Congress In Madrid, Spain, by the EU Energy Commissioner and the [...]
BP PLC broke ground for a wind farm in Kansas. The first phase of the project, located about 60 miles southwest of Wichita, is expected to generate up to 100 megawatts of electricity starting at the end of the year.
Once the turbines are in place, utility Westar Energy Inc. will own 50 percent of the [...]
Russian shareholders involved in a bitter public dispute with BP PLC over its TNK-BP joint venture have no intention of selling their stake.
Billionaire tycoon Mikhail Fridman says he and the other Russian partners in TNK-BP will press their demands for the ouster of its American chief executive and other changes in the oil company, which [...]
BP PLC Chief executive Tony Hayward told an oil and gas conference in Malaysia that governments should lower trade barriers and cut taxes for the industry to boost production and help stabilize global oil prices.
Hayward says the world is not short of petroleum resources, but high operating costs, rising taxes and lack of access are [...]
The American chief executive of Russian oil producer TNK-BP was called in for questioning as part of a criminal investigation into possible large-scale tax evasion, according to the company.
The pressure on Robert Dudley comes as the company’s Russian shareholders battle British oil major BP PLC for control of the joint venture, Russia’s third-largest oil producer.
TNK-BP [...]
Several major oil companies agreed to a multimillion dollar deal to settle lawsuits surrounding their use of the gasoline additive MTBE, a potential carcinogen that has been found in drinking water.
Companies including BP PLC’s BP America Inc., Chevron Corp., ConocoPhillips, Royal Dutch Shell PLC’s Shell Oil Co., Marathon Oil Corp. and Valero Energy Corp. agreed [...]
