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CNOOC: No acquisition aims
CHINA'S offshore oil specialist CNOOC has no plans to buy oil firms abroad during the global financial crisis, and will look instead for foreign partners to make joint investments, Chairman Fu Chengyu said yesterday.
Topix.net

Exxon Mobil overtakes Wal-Mart to top Fortune 500 with $442.85B in revenue
Exxon Mobil Corp. unseated Wal-Mart Stores Inc. in the 2009 Fortune 500 list, shrugging off the oil price bubble and weathering what the magazine called the worst year ever for the country's largest publicly traded companies.
Topix.net

Ivanhoe says Alberta project still viable
Ivanhoe Energy Inc. IE-T said its Tamarack project in Alberta remains economically viable, even with oil at US$45 per barrel, and that the company continues to seek out strategic partners to help finance all its projects.
Topix.net

Gastar Exploration to Present at the IPAA Oil and Gas Investment Symposium
HOUSTON, April 17 /CNW/ -- Gastar Exploration Ltd. announced today that J. Russell Porter, Chairman, President and Chief Executive Officer, will be presenting at the IPAA Oil & Gas Investment Symposium to be held on April 20 - 22, 2009, at the Sheraton New York Hotel and Towers in New York City.
Topix.net

Vegetable oil may help fuel turbines at old power plant
Spring-based Biofuels Power Corp. bought the 79-acre site from NRG Energy recently and plans to move an existing 9-megawatt generator that runs on refined waste vegetable oils to the site later this year.
Houston Chronicle

Cheap oil has some calling on foreign companies
Members of the Organization of the Petroleum Exporting Countries are implementing 4.2 million barrels a day of production cuts announced since September to tighten supply amid sharply reduced demand in the recession.
Houston Chronicle

Woodside unsure when Vincent production will resume
Woodside Petroleum is uncertain how long oil production will be suspended at its Vincent oil field and says a fire that caused the temporary shut-down was not due to human error.
Topix.net

LSUHSC research shows fish oil protects against diseases like Parkinson`s
Dr. Nicolas Bazan will present new research findings showing that an omega three fatty acid in the diet protects brain cells by preventing the misfolding of a protein resulting from a gene mutation in neurodegenerative diseases like Parkinson's and Huntington's.
Eurekalert.org

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