Marathon plans to expand its Detroit oil refinery and actively pursues buy out of Detroit homes in line with its $2.2B project
Despite seemingly high prices at the pump, gasoline costs in the United States have dropped to a level that is lower compared to last year.
President Sirleaf of Liberia encourages influx of foreign oil investors into the country and cites importance of economic transparency.
The BP oil fiasco has become one of the most unforgettable oil industry disasters.
Hawaii envisions to complete its bio refinery facility by 2013 and eventually tail off reliance on imported fuel.
API remains anxious on the cost efficiency of EPA’s new rules on pollution control despite the agency’s assurance.
Gasoline price increase for the year may have reached its peak level at $3.92 per gallon.
Iran disregards sanctions and proceeds with cutting oil exports to Greece, Spain, and other European countries.
The French government announced it may release oil reserves if IEA declares it. Agency remains vigilant to oil volatilities.
Obama steps up Iranian sanctions, enjoins countries to reduce Iranian oil imports. Adequate oil supply expected to cushion impact of sanctions.
Vantage Drilling Co. beefs up existing drill fleets, acquires Dragonquest from Valencia Drilling Corp.Cost to acquire including expenditures run up to $800M.