Oil & Gas NewsOil & Gas news continually updated from thousands of sources around the net.NOL makes shortlist in risky bid for Hapag-Lloyd- August 13, 2008 Neptune Orient Lines has made the shortlist in the bidding for bigger rival Hapag-Lloyd in a deal that analysts said is fraught with risk and could cost the Singapore firm as much as $7 billion.http://www.topix.net/business/oil-gas/2008/08/nol-makes-shortlist-in-risky-bid-for-hapag-l... Wake nuclear plant shut down for a few days- August 13, 2008 The Shearon Harris nuclear power plant in Wake County will be shut down for a few days until a leaking condenser seal is fixed.http://www.topix.net/business/oil-gas/2008/08/wake-nuclear-plant-shut-down-for-a-few-days?... No decision on Exxon Valdez interest payments- August 13, 2008 The Supreme Court has declined to decide whether Exxon Mobil Corp. must pay interest to victims of the nation's worst oil spill that would roughly double the $507 million judgment the high court approved in June.In a brief order Tuesday, the court said the 9th U.S. Circuit Court of Appeals, based in San Francisco, should decide the matter of interest arising from the 1989 Exxon Valdez disaster.The issue is whether interest has been accruing since 1994, when a federal jury first awarded punitive.http://www.topix.net/business/oil-gas/2008/08/no-decision-on-exxon-valdez-interest-payment... Central Okanagan running on empty- August 12, 2008 Petro Canada admits it has run into a supply problem. Gas stations in the Central Okanagan began running out of fuel last Sunday.http://www.topix.net/business/oil-gas/2008/08/central-okanagan-running-on-empty?fromrss=1 Brazil Petrobras 2Q profit up 29%- August 12, 2008 Brazil's state-run oil company Petrobras says second-quarter profits rose by 29% over the same quarter in 2007, thanks to higher prices and increased production.http://www.topix.net/business/oil-gas/2008/08/brazil-petrobras-2q-profit-up-29?fromrss=1 CNOOC announces new oil, gas discovery in Bohai Bay- August 12, 2008 China National Offshore Oil Co., Ltd. announced on Tuesday it had discovered oil and natural gas in its wildcat well, drilled in the Yellow River Mouth Sag of east China's Bohai Bay.http://www.topix.net/business/oil-gas/2008/08/cnooc-announces-new-oil-gas-discovery-in-boh... Inergy buys NY salt company for propane storage- August 12, 2008 In a release Monday, Kansas City-based propane retailer Inergy LP said Midstream has signed a definitive agreement to buy 100 percent of the membership interests in US Salt.http://www.topix.net/business/oil-gas/2008/08/inergy-buys-ny-salt-company-for-propane-stor... Point Thomson leases canceled- August 12, 2008 State officials have canceled nearly all the leases in the disputed Point Thomson oil and gas field, the fate of which remains tied up in court.http://www.topix.net/business/oil-gas/2008/08/point-thomson-leases-canceled?fromrss=1 At the open: Financials drag- August 12, 2008 Rising concerns about financial profits and the health of the U.S. consumer sent North American stock market indexes down in early trading on Thursday, despite the benefit of higher oil prices to the Canadian ...http://www.topix.net/business/oil-gas/2008/08/at-the-open-financials-drag?fromrss=1 International airports in fuel slowdown- August 11, 2008 International Airports are feeling the pinch from the global economic slowdown. With airlines cutting flights under the pressure of rising fuel costs, fewer passengers are arriving at airports, meaning less ...http://www.topix.net/business/oil-gas/2008/08/international-airports-in-fuel-slowdown?from... |