Chron Energy Items: 03.05.08

A few of the energy related stories in today’s Houston Chronicle or on chron.com:
Exxon Mobil will put $125 billion in big projects, CEO says: Exxon Mobil will invest more than $125 billion over the next five years on major projects and will spend about $25 billion in 2008, up from about $21 billion last year, Chairman and CEO Rex Tillerson said today at an analyst conference in New York.
BP dedicates $2.1 billion to suits: BP has now committed $2.1 billion to settle civil claims related to the fatal 2005 Texas City refinery explosion, 33 percent more than it reported previously, the company said Tuesday.
Q&A on HTC Energy Venture Conference: Dr. Bernard Harris, a former flight surgeon who flew on the Columbia space shuttle, talks about the Houston Technology Center’s Energy Technology Venture Capital Conference on Thursday and Friday.
Another building to go up in red-hot Energy Corridor: Behringer Harvard is developing the third building in Eldridge Place, representing the final phase of development in the office park.
Anadarko will sell offshore stakes to Norwegian oil giant: Anadarko Petroleum said today it will sell its interest in several Brazilian and Gulf of Mexico projects to Norway’s StatoilHydro for up to $2.1 billion.
Keep foreigners out of oil, many Mexicans say in poll: Associated Press — Nearly two-thirds of Mexicans oppose foreign investment in state-owned oil company Pemex, according to a poll published this week, although less than half object to a similar role for private Mexican firms.
Ukraine, Russia go at it: Associated Press — Western Europe is watching warily as Russia and Ukraine are locked in a natural gas dispute that has reduced the supply to Ukraine by at least half since the beginning of the week.
OPEC president: No shortage of crude oil: Associated Press — OPEC’s president urged the cartel today to be vigilant with oil prices hovering above $100 per barrel, but said despite a turbulent world economy, the global market for crude was stable.

Comments

comments

SHOW MORE