Basic Materials
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U.S. Solar Power Equipment Trade Row with China Spreads to IndiaDecember 19 2011 11:06 PM
India could be the latest country to join a growing solar power trade dispute between the United States and China. However, the country does not look to favor either of the two sides.
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Brazil Reports Another Oil Spill Near Rio de JanieroDecember 19 2011 5:35 PM
Roughly 2,600 gallons of oil have leaked off the Brazilian coast since Sunday. The spill, reported Agence France Presse, threatens an area of the country's coast line that Carlos Minc, Environment Secretary in Rio de Janiero state, called an ecological treasure.
- Caterpillar sees steady growth
December 19 2011 3:28 PM
Caterpillar Inc
said its machine sales rose 30 percent in November compared with a year earlier as growth continued at the pace seen in September and October. -
PotashCorp Seeks Israel's OK to Raise Stake in ICL to 25 PercentDecember 19 2011 12:37 PM
Canadian fertilizer giant Potash Corp. of Saskatchewan is seeking approval from the Israeli government to increase its stake in rival Israel Chemicals Ltd. to 25 percent, according to media reports.
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Russian Oil Rig Accident Death Toll Could Be As High As 50 PeopleDecember 19 2011 10:36 AM
Sailors had roughly 30 minutes before freezing to death in the icy cold waters of the Sea of Okhotsk where the floating platform listed in heavy seas and sank.
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Crunch Time for Firms; Companies May Struggle to Meet Debt ObligationsDecember 17 2011 5:09 PM
With India's economic growth buckling and the rupee at an all-time low, other companies, too, are expected to struggle to meet debt obligations in the coming months.
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Petroecuador to Spend $70 Million on Amazon Cleanup; Chevron Welcomes MoveDecember 16 2011 5:09 PM
Chevron Corp. officials Friday lauded the announcement made this week that Ecuadorean state-oil company Petroecuador will clean up tracts of the amazon allegedly polluted by Texaco.
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BP Reaches $250 Million Settlement with Blowout Preventer Maker Cameron InternationalDecember 16 2011 10:18 AM
Friday's settlement is the fourth involving companies that in some shape or form worked on the Deepwater Horizon with BP, or supplied it with equipment. Previous settlements involved MOEX and Anadarko, BP's partners in the Macondo well, and Weatherford, the company that made the float collar used at the well.
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Defendants Ask NYC Supreme Court To Dismiss Siberian Oil Field Theft CaseDecember 15 2011 6:45 PM
Norex Petroleum is suing Russian oligarchs and New York residents Leonard Blavatnik and Victor Vekselberg for orchestrating the theft of its oil field in Siberia.
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EIA: Natural Gas Inventories Fall But Still Above Five-Year AverageDecember 15 2011 1:48 PM
Although still at levels above the five-year national average, natural gas inventories shrunk in the week ending in Dec. 9 from previous weeks, according to the U.S. Energy Information Administration.
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Chevron Records Twelfth Offshore Natural Gas Find in Australia Since Mid-2009December 15 2011 12:43 PM
At a depth of 12,461 feet, the company found more than 400 feet of natural gas roughly 180 miles offshore of Exmouth near the Carnarvon Basin in the northwest of Western Australia.
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ExxonMobil Reconsidering Kurdish Exploration Deal, Says IraqDecember 15 2011 11:18 AM
ExxonMobil and the Iraqi central government have been at odds with each other since November, after the U.S. oil company signed contracts for several exploration rights in the semi-autonomous region of the country.
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Colorado Adopts Fracking Disclosure LawDecember 14 2011 5:52 PM
Starting April 1, oil and gas companies in Colorado will be required to disclose the chemicals they use when hydraulically fracturing rock formations in the state, joining the ranks of Texas who earlier this year passed a similar disclosure law.
- Brazil Prosecutor Asks Chevron to Suspend Company Activities, Pay $10.7 Billion
December 14 2011 4:55 PM
Brazil's said it is asking Chevron to halt its activities in the country and pay $10.7 billion in damages following an oil spill in November off the coast of Rio de Janeiro. However, Chevron said it has not received notice of the action.
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ConocoPhillips and ExxonMobil Big Spenders In Gulf Oil Lease SaleDecember 14 2011 3:40 PM
ConocoPhillips stole the show at Wednesday's Gulf of Mexico Lease sale with the largest bid an oil company has ever made for a single tract of Gulf real estate.
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War Drills Sparks Rumor Mill, Sends Crude Sky HighDecember 13 2011 6:28 PM
In what was probably Iran's response to growing threats made against its sovereignty, and a possible show of strength, the Middle Eastern country announced it is planning war drills to practice closing off the Strait of Hormuz -- one of the world's main oil arteries.
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Oil Companies Vying For More OffShore Tracts In Gulf Of MexicoDecember 13 2011 4:47 PM
The U.S. Department of the Interior on Wednesday will open up the first sale of Gulf Coast leases. The offering has garnered a larger list of players than during the previous sale.
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ConocoPhillips Faces $78M Law Suit After China Oil SpillDecember 13 2011 11:40 AM
ConocoPhillip's Bohai Bay oil spill may be over, but like its British counterpart in the Gulf of Mexico, the U.S. super major's Chinese subsidiary has not seen the end of litigation in the wake of its Chinese spill.
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ExxonMobil, Qatar Petroleum Line up $10.4 Billion for Barzan Gas Project in QatarDecember 13 2011 10:24 AM
In what is one of the oil and gas industry's largest financing project, ExxonMobil and Qatar Petroleum officials announced they have amassed $10.4 billion for a gas project in that country.
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Could Chinese Shale Mean the End of U.S. Shale Gas Boom?December 12 2011 5:47 PM
China's natural gas industry is still developing, but with almost twice the shale gas reserves of the U.S., industry players this side of the Pacific are starting to worry.
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