ConocoPhillips

A unit of ConocoPhillips Co. will pay $588,000 in a settlement with the state to help pay for the cleanup of a 2004 oil tanker spill in Puget Sound's Dalco Passage near Tacoma. Polar Tankers Inc. will pay the settlement that will fund three separate cleanup efforts in the area. So far, the incident is costing ConocoPhillips $3.3 million in the aftermath of the crude oil spill.  

A coalition of environmental groups, unions and citizens won a ruling from the California Supreme Court in San Francisco Monday requiring further study of a Los Angeles oil refinery upgrade. The state high court unanimously ordered the South Coast Air Quality Management District to prepare a full environmental impact report on changes to a ConcocoPhillips Co. refinery. Richard Drury, a lawyer for Communities for a Better Environment, said the changes have already been made, but said the forthcoming en

This ruling is one of the most significant decisions from the state Supreme Court on the California Environmental Quality Act in a long time   -Richard Drury

 

HOUSTON -(Dow Jones)- ConocoPhillips ( COP ) has presented plans to the Norwegian government to further develop the North Sea Ekofisk South and Eldfisk offshore fields with an estimated investment of up to $12.2 billion. The plans, submitted last week to the Norwegian Oil Ministry and posted on Conoco's Norwegian Web site on Friday, signal that the oil giant is still planning to boost investment in projects that can increase its oil production, which is seen by analysts as more profitable than natural ga  

Global LNG capacities and trade moved into unfamiliar and unsettling territory in 2009-10. As recession has driven down global energy demand, not least for natural gas, progress on approving, building, and commissioning yet more LNG plants and terminals has barely paused. Nowhere was this more evident than for Asia, the world's largest LNG producing and marketing region and historically the center of the LNG world.  

The market is expecting one of those outcomes as the shares have traded above the offer price since the proposal was unveiled last week. Shell-Petrochina has proposed an indicative proposal under which Arrow shareholders would receive $4.45 cash a share for the company's domestic operations, plus a share in a new entity, which would own Arrow's international assets. Arrow has already announced that it was considering a demerger of Arrow International, which has CSG (coal seam gas) exploration interest  

The following table lists unplanned and planned production outages at U.S. refineries as reported by Dow Jones Newswires. The information is compiled from both official and unofficial refining sources and doesn't purport to be a comprehensive list. Valero (VLO) returned to service a fluid-catalytic crackign unit at its Port Arthur, Texas, refinery after completing maintenance that begain in January, a company spokesman said Friday.  

ABU DHABI (Zawya Dow Jones)--The United Arab Emirates' 1500 kilometer planned rail network linking the country's seven sheikhdoms will cost up to 40 billion U.A.E dirhams ($10.89 billion) with the contract for the first phase of the project likely to be awarded by the end of the year, the chief executive of government-owned Union Railway said Monday. "We think that the cost will be in the order of AED30-40 billion," Richard Bowker told reporters on the sidelines of a logistics forum in Abu Dhabi. The

We think that the cost will be in the order of AED30-40 billion   -Richard Bowker

 

 

Saudi Aramco and U.S. firm ConocoPhillips have again extended the deadline for bids for a solids handling unit at their Yanbu refinery joint venture, industry sources said on Saturday. The deadline is now June 1 for bids on the construction of the unit at the 400,000 barrels per day (bpd) refinery, two sources close to the bidding process said. The companies were not immediately reachable for comment.