Gas processing - 11 March 2011

Chevron has reached an agreement with Valero Energy Corporation to sell Chevron Limited for US$ 1.7 billion.

The country’s two largest refineries are not operational but appear to be undamaged.

The government and refiners plan to meet cost of upgrades, while BP is set to invest US$ 200 million in energy infrastructure in the country.

Exxon Mobil Corporation reviews 2010 while outlining plans for future projects in its annual presentation to investment analysts at the New York Stock Exchange.

American Petroleum Institute has welcomed proposed legislation that would repeal EPA’s authority to regulate GHG emissions.