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Mineral blockages at Davy Jones No. 1, an ultradeep shallow water well in the Gulf of Mexcio, have caused trouble for McMoRan Exploration.
With automakers focused on low- and alternative-fuel vehicles, declining gasoline prices have become their “worst nightmare,” said automotive analyst Alan Baum
Jackson has drawn the ire of oil industry leaders during her four years at the helm, particularly during an EPA review of hydraulic fracturing.
In its latest move to streamline, ConocoPhillips is selling its Nigerian assets in a $1.8 billion deal with Oando PLC.
The Norwegian oil giant’s latest move to expand its presence in shale will add 70,000 operated net acres to its U.S. portfolio.
ConocoPhillips has agreed to sell its Algeria business for about $1.75 billion to Indonesia’s state-owned oil company Pertamina, the Houston-based corporation announced Tuesday.
Austin-based Baryonyx, which won a $4 million federal grant, said the three-turbine demonstration project is part of a larger 300-turbine plan near South Padre Island.
Phillips 66 said it will file an initial public offering for some of its transportation assets in 2013. The company also announced a $3.7 billion capital program for the year, 6 percent higher than 2012 spending.
The price of U.S. crude is heading for a precipitous decline that could force the nation’s production surge to slow, according to a BofA Merrill Lynch forecast.
Baryonyx Corporation will recieve a $4 million grant from the U.S. Department of Energy for a three-turbine project in the Gulf of Mexico.