PXP Completes Divestment of Its Gulf of Mexico Shallow Water Shelf Properties

Plains Exploration & Production Company announces it has completed the divestment of its Gulf of Mexico shallow water shelf properties to McMoRan Exploration Co. The transaction was approved by McMoRan shareholders at a special meeting of the stockholders held today. At closing and after preliminary...

Posted on 12/31/2010 / 0 comments / Read More

Petrobras Announces Record Oil Production In Brazil

Petrobras informs that in December it achieved three new records in Brazil: the monthly, annual and daily oil production averages. The monthly average for December will be approximately 2,120 thousand barrels a day, against the previous record of April of this...

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California Gasoline Use Rose 0.8% in Third Quarter

Gasoline consumption in California rose 0.8 percent during the third quarter, with use of the motor fuel increasing 1.5 percent in September from a year earlier, the State Board of Equalization said in a report today. [Read more] Source: Bloomb...

Posted on 12/31/2010 / 0 comments / Read More