Chevron successfully tests new US Gulf oil discovery
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A Chevron Corp.-led CVX.N group said   on Tuesday it successfully drilled a widely watched exploration   well in the U.S. Gulf of Mexico, sparking hopes it could be   among the biggest U.S. oil discoveries recently.
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The price of New York oil hit a fresh record high of 80.20 dollars a barrel Thursday on trader worries that stormy weather could hamper energy production in the US Gulf of Mexico.
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Oil giant BP says it is buying the Dutch manufacturing business of its US-based rival, Chevron, for $900m.
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OIL prices hit a new record yesterday, near $51 a barrel, as a prolonged US production stoppage following Hurricane Ivan attracted fresh speculative buying.
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OIL&#39;S RECORD-breaking rally took US crude over US$52 a barrel yesterday fuelled by the impact of Hurricane Ivan on US winter inventories.
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Halliburton's latest deal showcases the money to be made in oilfield services.
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Three oil companies, led by Chevron   Corp. CVX.N, have successfully drilled for oil in the Gulf of   Mexico's deep waters, suggesting there may be more oil in the   region that already provides a quarter of U.S. output, the   companies said on Tuesday.
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UK firm Tullow Oil announces the discovery of 600 million barrels of oil offshore from Ghana.
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US scientists had made a breakthrough in their quest to make low-cost hydrogen, a technology key to finding new sources of energy to end US dependence on foreign oil, they said.
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SAN FRANCISCO, Sep 10 (OneWorld) - Environmentalists are unimpressed by reports this week of a massive, new oil find in the Gulf of Mexico.
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Successful trial run for CNOOC's new 600,000 ton methanol plant    BEIJING, Sept.
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BHP Billiton&#39;s second appraisal well at its Shenzi discovery in the Gulf of Mexico has also struck oil, greatly increasing prospects for commercial development of the deep water field.
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LONDON: Oil&#39;s record-breaking rally has taken US crude over $US52 a barrel, fuelled by the impact of Hurricane Ivan on US winter inventories.
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Algae has been the terrain of start-ups, but now Chevron is interested too.
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U.S. stocks were little changed on   Tuesday as a drop in shares of Procter & Gamble Co. PG.N   offset news of a possibly significant oil discovery by Chevron   Corp. CVX.N in the Gulf of Mexico.
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WASHINGTON -- Ever since Erle Halliburton established the New Method Oil Well Cementing Co. in Oklahoma in 1919, his name has been associated with American corporate know-how in the oilfield services business.
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US scientists say they have made a breakthrough in their quest to make low-cost hydrogen, possibly a step toward finding new sources of energy to end US dependence on foreign oil.