Petroleos de Venezuela SA will restart the catalytic cracker at the Amuay refinery today after an explosion Aug. 25 halted operations at the country’s largest plant, said Rafael Ramirez, president of the state company. More »
BP PLC says it has agreed to sell its stake in a Norwegian oil field to AS Norske Shell for $240 million as part of its efforts to raise funds to pay for the cost of the Gulf of Mexico oil spill. More »
TransCanada Corp. shouldn’t be allowed to use eminent-domain laws to seize land to build the southern leg of its Keystone Pipeline near Beaumont, Texas, lawyers for property owners told a judge today. More »
Chesapeake Energy Corp. (CHK) negotiated a higher-than-expected price for oil fields in the U.S. Southwest as the gas driller exploited a growing appetite for shale assets among the world’s largest energy explorers. More »
Russian Deputy Prime Minister Arkady Dvorkovich said BP Plc (BP/) may have approached state-run OAO Rosneft about buying out the British company’s half of the TNK- BP venture, Vedomosti reported today. More »
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