Russian oil firm TNK-BP , half-owned by oil major BP, said on Monday it added 460 million barrels of oil equivalent to its estimated resources in 2008 due to geological exploration alone.
January 28th, 2009:
TNK-BP Adds 460MM BOE to Oil, Gas Resources in ’08
Total makes $502m bid for UTS Energy
France's Total said it was launching a C$617 million (US$502 million) takeover bid for UTS Energy to gain a stake in the delayed Fort Hills oil sands project in Canada.
Californian exclusive: State investigating Shell over refinery trouble
The state Attorney Generals antitrust unit is investigating whether Shell Oil Co. is illegally refusing to sell crude oil ... or shutting off pipeline access to Big West refinery on Rosedale Highway. The inquiry was confirmed in a letter dated Friday from Chief Deputy Attorney General James M. Humes to Sen. Barbara Boxer, D-Calif., who earlier this month forwarded to the office allegations that Shell was deliberately manipulating the supply (of oil) in order to force the refinery to shut down.
Business starts to take Web 2.0 tools seriously
They detail how companies, including General Electric, Procter & Gamble,Shell and Airbus, are busy integrating social networking into their corporate strategies. These companies, say the authors, are showing that the use of blogs, wikis, widgets and other Web 2.0 tools encourages horizontal collaboration and harnesses the power of collective intelligence to boost productivity, foster innovation and create enhanced value.