Margaret Ross News
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Exxon Mobil Corp., the largest U.S. oil company, plans to build factories that produce ethylene and plastics in Texas, joining a growing group of competitors racing to use U.S. natural gas to make chemicals.
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The biggest U.S. and European oil companies may not assemble a fleet of spill-response vessels that can handle a disaster like BP Plc’s Macondo blowout until March, three months after the deep-water drilling ban in the Gulf of Mexico is scheduled to expire.
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Oil & Natural Gas Corp. , India’s biggest energy explorer, has submitted a binding bid for Exxon Mobil Corp. ’s 25 percent stake in Angola’s Block 31, the government said.
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Oil & Natural Gas Corp. , India’s biggest energy explorer, rose in Mumbai trading after the government said the company submitted a binding bid for Exxon Mobil Corp. ’s 25 percent stake in Angola’s Block 31.
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The week after U.S. oil executives in Libya received tongue-lashings from Muammar Qaddafi and one of his lieutenants in February 2008, Occidental Petroleum Corp . hired an additional lobbyist.
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BP Plc may reach an agreement as soon as next week to sell assets including half its stake in Alaska’s Prudhoe Bay field to Apache Corp . for $10 billion to $11 billion, according to two people familiar with the matter.
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