Daily Archives: March 2, 2012

GM suspends electric Volt production

Work on the Chevrolet model is halted for five weeks to reduce a backlog of vehicles after disappointing sales, with Detroit workers sent home  More »

Matador Resources Company Announces Exercise of Over-Allotment Option

DALLAS, March 2, 2012 /PRNewswire/ — Matador Resources Company (NYSE: MTDR) announced today that the underwriters of its recently completed initial public offering of common stock have exercised their over-allotment option to purchase an additional 1,550,000 shares of Matador’s…  More »

Parsons to step down as Citi chairman

He will be replaced by Michael O’Neill, a fellow director and former Bank of America executive  More »

Delek reports FCC regenerator malfunction at Texas refinery

(For refinery outages in the Reuters Oil Fundamentals Database see http://bond.views.session.rservices.com/CE/ or go to )  More »

Risk assets ease back from recent highs

Equities and commodities pull back as hopes for continued central bank support battle oil price caution  More »

Kosmos to focus on Ghana in 2012

Dallas-based Kosmos Energy plans to spend about $600 million this year with 90% of that devoted to its operations in Ghana and the bulk of its development plans focussed on the Jubilee project.  More »

PDVSA eyes HK listing for projects

Petroleos de Venezuela is considering a plan to sell part of its stakes in Orinoco heavy crude joint ventures in a private placement on the Hong Kong stock exchange, according to a company official.  More »

Green Blog: Pace of Ocean Acidification Has No Parallel in 300 Million Years, Paper Finds

The current rate of release of carbon dioxide into the atmosphere is far more rapid than anything researchers can detect in the paleontological record for hundreds of millions of years.  More »

Oil falls, posts weekly loss

Oil prices fell 2% on Friday after Saudi Arabia eased investor concerns about a reported pipeline explosion that had pushed Brent to the highest level since 2008.  More »

Oil falls, posts weekly loss

Oil prices fell 2% on Friday after Saudi Arabia eased investor concerns about a reported pipeline explosion that had pushed Brent to the highest level since 2008.  More »

University of Houston Law Center and University of Calgary Launch Joint Program in Energy Law

Law students will learn to analyze complex emerging issues in energy and environmental sectors and earn degrees in U.S. and Canada HOUSTON, March 2, 2012 /PRNewswire-USNewswire/ — The University of Houston Law Center and The University of Calgary…  More »

New Petrobras FPSO at work

Petrobras’ BW Cidade de Sao Vicente FPSO has started work in the Iracema area of the Santos basin, the company said on Friday.  More »
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