Strikers in France shut down refineries that ship gasoline to U.S. East Coast, and the proportion of corn-based ethanol the government will allow in gasoline is rising from 10% to 15%.
Continue reading Gas Pric…
Qatar is interested in purchasing world-famous auction house Christie’s.
“We are building a museum and it [Christie’s] has links with the stuff we are collecting for our museum,” Emir Hamad bin Khalifa al-Thani told The Financial Times. “It depends on the opportunity – if we had a good opportunity we would not hesitate.”
So far, the emirate has not bid for the company, which is owned…
Continue reading Qatar May Bid for Christie’s Auction House
Qatar May Bid for Christie’s Auction House originally appeared on DailyFinance on Mon, 25 Oct 2010 07:55:00.
BP (BP) will sell four deep-water oil and gas fields in the Gulf of Mexico for $650 million.
The company will sell the fields to Marubeni Oil and Gas, a unit of Japan’s Marubeni Corp., The Wall Street Journal said. The deal could be completed by early 2011.
The oil giant’s net production from these fields is about 15,000 barrels of oil equivalent a day. The fields “did not fit well…
Continue reading BP to Sell Four Oil Fields in Gulf of Mexico for $650 Million
BP to Sell Four Oil Fields in Gulf of Mexico for $650 Million originally appeared on DailyFinance on Mon, 25 Oct 2010 07:26:00.
Filed Under: Energy, Company News, Green, BP
Prices at the pump got a little more painful over the past two weeks as crude oil continues to rise. Oil has risen as a weak economy and expectations of further action by the Federal Reserve drive the dollar down.
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Caterpillar Inc (CAT) agreed to buy German company MWM Holding, a maker of engines that can run on alternative fuels, for 580 million euros ($810 million).
MWM engines operate on fuels including diesel, biogas, and industrial waste gas, and can be us…