Venezuela moved closer to nationalizing its oil-rich Orinoco River basin, after four foreign oil companies signed deals giving Venezuela the lion’s share of the profits and two US companies pulled out altogether.
“ExxonMobil and ConocoPhillips are ending their participation in the exploration ventures,” Oil and Energy Minister Rafael Ramirez said Tuesday at the signing ceremony with [...]
Canadian Superior Energy Inc. Speaking from the dockside of the harbour in Brownsville, Texas, Canadian Superior’s Chairman, Greg Noval, said today at 7:00 AM Central Daylight Time, “We have launched the Kan Tan IV semi-submersible drilling rig on its way to Trinidad. The rig is being towed to Trinidad by Secunda International Limited of [...]
Canadian Superior Energy Inc. Speaking from the dockside of the harbour in Brownsville, Texas, Canadian Superior’s Chairman, Greg Noval, said today at 7:00 AM Central Daylight Time, “We have launched the Kan Tan IV semi-submersible drilling rig on its way to Trinidad. The rig is being towed to Trinidad by Secunda International Limited (’Secunda’) of [...]
Venezuelan lawmakers said Monday they would give President Hugo Chavez special powers to make changes to the country’s oil, gas and electricity industries by presidential decree.
National Assembly President Cilia Flores said lawmakers loyal to Chavez would approve an “enabling law” allowing the leader to pass measures by decree for 18 months in the “energy sphere” [...]
Biogenerics Limited announced that its shareholders of record as of January 2, 2007 will receive 1(one) WW Oil and Gas Inc. restricted common share for every 19(nineteen) Biogenerics shares held. The shares will be paid out on January 30, 2007. The special dividend shares will be mailed out to qualified shareholders of record without any [...]
Mercury pollution in our lakes, rivers and streams is a real threat. Burning coal for electricity releases mercury into the air, which lands in our water and is absorbed by the fish and then by our bodies when we eat the fish. Mercury is toxic and builds up in our bodies. More than 10 percent [...]
Wal-Mart Stores, Intel, British Petroleum and other companies next week will announce a plan to provide and promote usage of portable electronic health records for their employees, the Wall Street Journal reports. Last summer at the request of CDC, Wal-Mart and Intel joined together on the plan after meeting separately with the agency to discuss [...]
The president of Shell Oil, in Miami for a speech, says it’s time to embrace new energy sources.
In the wake of last year’s hurricanes, the United States narrowly averted a major disruption to its fuel supply on a scale “inconceivable in recent memory,†says Shell Oil Co. president John Hofmeister.
A year later, Hofmeister says he [...]
WW Energy Inc. (Other OTC:WWNG.PK) announced today that its subsidiary WW Oil and Gas Inc. has acquired the mineral rights to property within the Uintah and Duchesne counties. These counties are located in the largest oil production area in Utah. The mineral rights to these properties are in the 5th largest Oil and Gas producing [...]
BP is also BO (Big Oil). It is the world’s second largest integrated oil concern, behind Exxon Mobil. The company, which was formed in 1998 from the merger of British Petroleum and Amoco, grew by buying Atlantic Richfield Company. BP has proved reserves of 18.3 billion barrels of oil equivalent, including large holdings in Alaska. [...]
