Occidental Petroleum Corp.has begun looking for suitors to take a minority stake in its Middle East unit for as much as $8 billion, said people with knowledge of the matter. More »
As creditors led by Pacific Investment Management Co. try to salvage what is left of their stake in Eike Batista’s oil ambitions, the specter of ATP Oil & Gas Corp.’s demise underscores how much more they stand to lose. More »
Valero, the nation’s largest independent refiner, said its plan to expand hydrocrackers at its Port Arthur refinery and St. Charles plant in Louisiana would be delayed until 2018 instead of 2015.
With war fears still dominating the headlines in the Middle East and the US Federal Reserve slow to end easing, now would seem like a good time to own an oil field coming on line. Global oil prices remain over $100 a barrel with plenty of geopolitical risk around to keep them there at least […] More »
The Obama Administration has been reviewing the permit application to build the Keystone pipeline for over 5 years. There is now a report that the President is unlikely to make a decision until 2014. The State Department issued its draft findings in March and had been expected to complete its review by mid-summer. It did […] More »
In 1977, a rag tag group gathered to study Arabic under the tulelage of Dr. Abraham Udovitch, an acclaimed scholar who studied the social and economic life of 11th century Egypt, among other topics. It proved to be a highly successful group of people: To name a few, a professor of Middle Eastern politics (urbanism, […] More »
Libya’s prime minister faced increasing calls for his ouster on Saturday as strikes by government employees at oil export terminals cost the North African country more than $5 billion in losses.
Houston’s Gastar Exploration said this week that it will spend $187.5 million to buy an interest in land in the Hunton play of Oklahoma. More »
In a settlement with the federal government announced late Thursday, Shell Oil Co. will pay $1.1 million in fines to settle claims that it violated air pollution permits while drilling in U.S. Arctic waters last year. More »
Make no mistake Virginia’s upcoming gubernatorial election is perhaps the most important – and most contentious – on the ballot this November. This was in full display as two candidates with very different ideologies convened at Consumer Energy Alliance’s (CEA) Virginia Energy & Opportunity Forum this past week in Arlington. As the Washington Post reported, […] More »
The most recent drafts of the IPCC’s Assessment Report and Summary for Policy Makers are going through final review before release near the end of September. These drafts have been leaked and the final versions, which very well could be different than the drafts, will be as controversial as the Fourth Assessment Report. The debate […] More »
That camp paints a pretty bad picture of oil & gas professionals also, but of course, either way those are all crude generalizations, and their effects are the same: they further reinforce an “us vs. them” mentality, and ignore the fact that both pro and anti-industry groups actually have plenty of common ground from which to start a more productive exchange than what’s currently going on in the English countryside. More »