List/Grid Tag Archives: oil
Former Russian PM Chernomyrdin dies at age 72 (AP)
MOSCOW – Viktor Chernomyrdin, who served as Russia’s prime minister in the turbulent 1990s as the country was throwing off communism and developing as a market economy, died Wednesday. He was 72.
Oil settles just below $83 (AP)
Oil prices surged Monday on a series of reports that point to improving economic growth in the United States and China. Here’s how energy prices traded.
Summary Box: Exxon Mobil 3Q income up 55 percent (AP)
RISING PRICES: An increase in oil and gas prices helped Exxon Mobil Corp. boost third-quarter profits by 55 percent.
Exxon Mobil 3Q income jumps 55 percent (AP)
NEW YORK – Exxon Mobil Corp. said Thursday that income jumped 55 percent in the third quarter on higher oil prices and increased production.
Strategic American Oil Corporation Receives Approval on Partnership to Drill 3D Seismic Prospect in South Texas
“s” : “sgca.ob”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “” Press Release Source: Strategic American Oil Corporation On Thursday October 21, 2010, 8:00 am EDT CORPUS CHRISTI, Texas, Oct. 21, 2010 (GLOBE NEWSWIRE) — Strategic American Oil Corporation (OTCBB: SGCA 1 – News 2 ) has received approval from the Lessor to enter into its new partnership with Chinn Exploration Company on Strategic American Oil’s 3D seismic prospect in Kenedy County, South Texas.
Strategic American Oil Corporation Identifies New Drilling Target in Illinois
“s” : “sgca.ob”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “” CORPUS CHRISTI, Texas, Oct. 19, 2010 (GLOBE NEWSWIRE) — Strategic American Oil Corporation (OTCBB: SGCA – News ) (the “Company”) is pleased to announce that it has identified a new Pinnacle Reef oil drilling target (the P4 Reef Prospect) in the Illinois Basin.
With Oil Flowing Again, Gas Prices Should Drop
Chicago area oil prices should begin to dip back down to normal levels, now that a key underground oil pipeline is flowing again following a crude spill in southwest suburban Romeoville. The pipeline owned by Canadian company Enbridge Energy is a crucial oil artery for the Midwest.
Illinois pipeline leak spilled 6,100 bls of oil
HOUSTON — Enbridge Energy Partners LP said Monday an estimated 6,100 barrels of crude oil were released from a pipeline leak in Romeoville, Ill. before it could be shut down. The Houston company, which owns the pipeline, said only a small amount of the oil escaped from the immediate area before crews corralled the spill with vacuum trucks. Most of the oil has been recovered, Enbridge said. Enbridge reported the leak on Line 6A of the Lakehead System on Thursday.
Gulf compensation chief retreats from promises to speed claims process
By SASHA CHAVKIN, ProPublica Just over two weeks ago, Kenneth Feinberg took over the process for handling damage claims from the Gulf oil spill, pledging to cut down the response time from BP’s widely criticized system to two days for individuals and seven days for businesses that file fully documented claims. After a rocky start in which claimants have reported chronic delays and confusion , Feinberg is now retreating from his targets and acknowledging that the process will take longer than he had pledged.
Oil industry regulation: scepticism over new sheriff in the wild wild west
BP’s Deepwater Horizon oil rig seen burning in April. Barack Obama has promised to tighten regulations to prevent a repeat of the disaster.
