International Business News - Oil & Gas http://www.ibtimes.com/subsection/industries/oilgas.htm All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif State-run Saudi Arabian Oil Co., or Saudi Aramco, and U.S. oil giant ConocoPhillips said Friday they have approved continued funding for the development of a refinery in Saudi Arabia's Red Sea city of Yanbu. 117673 http://www.ibtimes.com/articles/20080516/conocophillips-saudi-aramco-confirm-joint-project.htm Fri, 16 May 2008 11:53:19 EDT Atlas Energy Resources LLC is selling more stock than planned a day earlier, the energy company said Thursday. Atlas Energy now plans to sell 1.8 million shares of stock, whereas on Thursday the company said it planned to sell 1.6 million. 117655 http://www.ibtimes.com/articles/20080516/atlas-energy-to-sell-more-stock-than-planned.htm Fri, 16 May 2008 11:02:15 EDT Oil and natural-gas producer Exco Resources Inc. said Friday its board approved a $123 million increase to its 2008 capital budget, bringing its total budget to $923 million. 117634 http://www.ibtimes.com/articles/20080516/exco-resources-boosts-capital-budget-by-123m.htm Fri, 16 May 2008 10:21:05 EDT Trico Marine Services Inc. said Thursday it has agreed to buy a majority stake in Norwegian subsea service company DeepOcean ASA for NOK 32 ($6.30) per share in cash, and has made an offer to acquire the remaining shares. 117591 http://www.ibtimes.com/articles/20080516/trico-marine-makes-682m-bid-to-acquire-deepocean.htm Fri, 16 May 2008 08:28:49 EDT Natural-gas producer Atlas Energy Resources LLC said Thursday that it priced a public offering of 1.6 million common units representing Class B limited liability company interests. 117357 http://www.ibtimes.com/articles/20080515/atlas-energy-prices-offering-of-common-units.htm Thu, 15 May 2008 17:48:18 EDT ConocoPhillips spent nearly $2.8 million to lobby on climate change legislation and other energy-related issues in the first quarter of the year. The company also lobbied on legislation dealing with foreign trade agreements, permitting issues and more, according to the form posted online April 15 by the House clerk's office. 117355 http://www.ibtimes.com/articles/20080515/conocophillips-spent-nearly-2-8m-lobbying-in-1q.htm Thu, 15 May 2008 17:46:50 EDT Chevron Corp. spent nearly $3 million to lobby on offshore oil and gas development and other energy-related issues in the first quarter of the year. The company also lobbied on legislation dealing with foreign trade agreements, climate change, price gouging, patent reform, tax issues and more, according to the form posted online April 21 by the House clerk's office. 117350 http://www.ibtimes.com/articles/20080515/chevron-spent-3m-lobbying-on-energy-issues-in-1q.htm Thu, 15 May 2008 17:44:39 EDT A judge has refused to stop construction of a crude-oil pipeline that would be built through eastern North Dakota, saying state regulators took adequate safety precautions in deciding its route. 117334 http://www.ibtimes.com/articles/20080515/judge-denies-attempt-to-halt-nd-oil-pipeline.htm Thu, 15 May 2008 17:39:44 EDT El Paso Pipeline Partners L.P. said Thursday it named William A. Smith to the board of its general partner. The addition of Smith, 63, gives the El Paso Pipeline GP Co. LLC board seven directors, three of whom are independent. 117326 http://www.ibtimes.com/articles/20080515/el-paso-pipeline-names-william-a-smith-to-board.htm Thu, 15 May 2008 17:31:04 EDT BP America spent $2.6 million to lobby on oil and gas production and exploration, as well as foreign trade agreements and other issues in the first quarter of the year. 117324 http://www.ibtimes.com/articles/20080515/bp-america-spent-2-6-million-lobbying-in-1q.htm Thu, 15 May 2008 17:30:26 EDT Another proxy advisory firm on Thursday recommended shareholders vote to split the top leadership roles at Exxon Mobil Corp., joining a growing chorus of dissidents calling for change at the world's largest publicly traded oil company. 117312 http://www.ibtimes.com/articles/20080515/proxy-firm-advises-exxon-mobil-leadership-split.htm Thu, 15 May 2008 17:21:07 EDT The chief financial officer of oil and gas exploration company Forest Oil Corp. exercised options for 10,000 shares of common stock, according to a Securities and Exchange Commission filing Wednesday. 117210 http://www.ibtimes.com/articles/20080515/forest-oil-chief-financial-officer-sells-stock.htm Thu, 15 May 2008 16:10:22 EDT Among the stock activity stories for Thursday, May 15, from AP Financial News: NEW YORK (AP) _ Shares of Enterra Energy Trust jumped Thursday after the oil and gas trust said its first-quarter funds from operations rose 34 percent on higher commodity prices. 117165 http://www.ibtimes.com/articles/20080515/movers-roundup-enterra-energy-blockbuster.htm Thu, 15 May 2008 15:26:09 EDT China-based solar cell maker Yingli Green Energy Holding Co. Ltd. said Thursday its first-quarter profit increased nearly 20-fold on higher demand from western Europe and the U.S. 116922 http://www.ibtimes.com/articles/20080515/1q-profit-of-solar-cell-maker-yingli-green-surges.htm Thu, 15 May 2008 09:23:44 EDT The lawyers aren't clearing their calendars just yet, but the oil industry is bracing for some courtroom battles to maintain its stake in Alaska's oil-rich fields now that the Interior Department has listed polar bears as a threatened species. 116714 http://www.ibtimes.com/data/articleimgs/46389-polar-bears.jpg http://www.ibtimes.com/articles/20080515/oil-cos-expect-battles-over-polar-bear-listing.htm http://www.ibtimes.com/articles/20080515/oil-cos-expect-battles-over-polar-bear-listing.htm Thu, 15 May 2008 00:19:21 EDT BP PLC said Wednesday a small oil leak occurred while a worker was trying to bring a well back online earlier this week at the nation's largest oil field. 116690 http://www.ibtimes.com/articles/20080514/bp-reports-small-leak-at-prudhoe-bay-oil-well.htm Wed, 14 May 2008 22:09:01 EDT China National Petroleum Corporation (CNPC) said its southwestern oil and gas fields have shut down some of the gas wells, to reduce daily output of about 5.6 million cubic meters, in order to protect the safety of the pipe net and to protect the users to use gas in security and stability. 116649 http://www.ibtimes.com/articles/20080514/cnpc-natural-gas-daily-production-down-million-cubic-meters.htm Wed, 14 May 2008 19:28:17 EDT An international contractor serving oil, gas and power industries has agreed to pay more than $32 million in fines to settle charges it bribed officials in Nigeria and Ecuador to obtain major oil and gas contracts, federal authorities announced Wednesday. 116641 http://www.ibtimes.com/articles/20080514/willbros-group-settling-bribery-charges.htm Wed, 14 May 2008 18:56:28 EDT Despite contributing to massive, multibillion profits in recent quarters, record crude prices are not helping the world's big oil companies on many fronts, including some efforts to find more fossil fuel, the chief of ConocoPhillips said Wednesday. 116515 http://www.ibtimes.com/articles/20080514/high-oil-prices-not-a-friend-conocophillips-chief-says.htm Wed, 14 May 2008 15:54:47 EDT A director of PetroQuest Energy Inc. exercised options for 30,000 shares of common stock, according to a Securities and Exchange Commission filing Tuesday. 116502 http://www.ibtimes.com/articles/20080514/petroquest-energy-director-finch-sells-30-000-shares.htm Wed, 14 May 2008 15:32:46 EDT