PASCAGOULA — Chevron Corp. announced yesterday that there would be a change of leadership at the Pascagoula Refinery.
General manager Roland Kell is retiring. Taking his place will be Tom Kovar, general manager of the company’s Pembroke refinery in Wales.
The Wales property is one the company recently announced it would consider selling as part of a [...] [...]
GULF OF MEXICO — With oil prices up $30 a barrel from last year, energy companies issued $949.3 million in winning bids Wednesday for federal offshore petroleum leases off the coasts of Louisiana, Mississippi and Alabama.
The Minerals Management Service said 67 companies submitted 642 bids on 468 tracts in the [...] [...]
GULF OF MEXICO — With oil prices up $30 per barrel in the past year, the energy industry is showing more interest in Wednesday’s auction of federal leases off the coasts of Louisiana, Mississippi and Alabama.
The Minerals Management Service says 67 companies submitted 642 bids on 468 tracts in the [...] [...]
HOUSTON — A $100-million jury award against BP, PLC, over a 2007 refinery leak at its Texas City plant has been rejected.
A federal judge in Houston on Tuesday set aside the punitive judgment of $10 million apiece for 10 contract workers who said they were injured.
U.S. District Judge Kenneth M. Hoyt agreed with the jury’s [...] [...]
VIENNA — OPEC heavyweight Saudi Arabia has set the tone for this week’s meeting of the 12-nation production group with an unusually clear statement — expect no change; we are content with prices and supply.
“We’re extremely happy with the market,” Saudi oil minister Ali Naimi told reporters late Monday. “It is in a very happy [...] [...]
The U.S. has a significant opportunity to increase its energy independence, slash foreign oil imports by as much as half by 2030 and cut carbon emissions through a process known as enhanced oil recovery (EOR) with carbon capture and storage (CCS), according to new analysis by Advanced Resources International (ARI).
EOR with CCS would help drive [...] [...]
PASCAGOULA — Chevron Corp. says its refinery in Mississippi is safe and could possibly expand.
Chevron said yesterday it will cut 2,000 jobs this year. It also will seek to sell some overseas entities.
The Pascagoula refinery is Chevron’s largest in the United States with about 1,500 workers and refines 330,000 barrels of crude oil a day [...] [...]
PLANO, Texas — Denbury Resources Inc. and Encore Acquisition Company have received the requisite stockholder approval to merge Encore with and into Denbury.
Special meetings of the stockholders of each of Denbury and Encore were held to consider and vote upon proposals to adopt the agreement and plan of merger, dated as of Oct. 31, 2009, by [...] [...]
NATCHEZ — Callon Petroleum Company reported fourth quarter net income of $53.9 million, or $2.27 per share, compared to a net loss of $457.5 million, or $21.19 per share, for the 2008 fourth quarter.
For the year ended December 31, 2009, Callon’s net income was $54.4 million, or $2.45 per share, compared to a 2008 net [...] [...]
LAFAYETTE, La. — A federal judge has shot down efforts by CITGO Petroleum to limit the fines and special conditions it could face in a federal Clean Water Act lawsuit over a June 2006 oil spill at the company’s Lake Charles refinery.
The ruling by U.S. District Judge Richard Haik comes in a lawsuit filed against [...] [...]
