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BUSINESS
January 24, 2009 | Bloomberg News
Petroleo Brasileiro, Brazil's state-controlled oil company, will spend $174.4 billion in the five years through 2013 to double output and develop the Americas' largest oil field discovery in the last three decades. Petrobras, as the Rio de Janeiro company is known, will spend 56% more than in the previous plan through 2012, and $28.6 billion this year, Chief Executive Jose Sergio Gabrielli said Friday.
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BUSINESS
March 17, 2014 | By Shan Li
Chesapeake Energy Corp. said it plans to spin off its oil field services division into a separate publicly traded company. The news came weeks after the the oil and natural gas producer said it was pursuing strategic alternatives for the division, including a possible sale. The Oklahoma City company, which is the second-largest producer of natural gas in the U.S., has been moving to cut costs after a year of upheaval that included the ouster of Chief Executive Aubrey McClendon.
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CALIFORNIA | LOCAL
October 6, 1999
According to a Sept. 28 item, 188 houses are to be built among pumps on an operating Signal Hill oil field. Furthermore, according to Geoffrey Le Plastrier, "Building homes on abandoned oil fields is fairly common. Most of Huntington Beach and many other communities in Southern California are built on abandoned oil fields." Are we to understand, then, that oil fields, be they active or abandoned, are not hazardous to occupants of homes--only occupants of classrooms? DICK WILSON San Pedro
CALIFORNIA | LOCAL
January 11, 2014 | By Louis Sahagun and Francine Orr
Maria de la Cruz is doing something these days she says she hasn't done in years. She lets her grandchildren play in the living room - and even opens the windows to let air circulate. Ever since Allenco Energy Inc. shut down its oil field across the street from her apartment in University Park, "it feels like a new life for us," de la Cruz, 48, said in Spanish. "We used to keep the windows closed tight and made the children play in a back bedroom so they wouldn't breathe those chemicals.
NEWS
February 22, 1991
The oil fields of Kuwait are ablaze with more than 50 fires, ignited by Iraqi forces in an effort to conceal their troop movements, or by allied bombs raining havoc on enemy positions. Many of the remainder of the country's wells--numbering more than 1,000--are likely to be blown up by Iraqi troops, making good on Saddam Hussein's threat to destroy Kuwait's wells and refineries. Whatever the cause, many of the fires will burn unchecked for the duration of the war.
NEWS
January 4, 1991 | Reuters
The Saudi government has boosted security to counter any attempt by Iraqi saboteurs to blow up its oil fields before and after the Persian Gulf crisis deadline Jan. 15. Industry and government sources said that more guards, hundreds of security gates and alarms have been placed at the Dhahran nerve center of the huge state-owned Saudi Aramco oil company.
BUSINESS
June 23, 1992
Benton Oil & Gas Co. in Oxnard said Venezuela's national oil company has granted Benton and its joint-venture partner, the Venezuelan construction company Vinccler CA, the right to further develop three oil fields in Venezuela. The joint venture will make all investments needed to reactivate the fields and will receive an undisclosed fee for each barrel of crude oil produced, Benton said. Initial production should begin by mid-1993, it added.
WORLD
November 6, 2003 | From Times Wire Reports
President Vladimir V. Putin quashed a threat by Resource Minister Vitaly Artyukhov to strip the Yukos Oil Co. of lucrative oil fields. On a European tour to calm investors, Putin reiterated support for prosecutors who detained Yukos' former chief executive, Mikhail Khodorkovsky, on fraud and tax evasion charges. But Putin said the state did not want to destroy the firm. Many political analysts see the arrest as a Kremlin attempt to punish the Russian billionaire for political activities.
CALIFORNIA | LOCAL
January 18, 1991
The discovery of a 750-pound military bomb near oil fields prompted police to evacuate a two-square-mile area for more than seven hours before the device was determined to be harmless, police said Thursday. The 18-inch U.S. Army bomb was discovered about 3 p.m. Wednesday in the 1400 block of Gaffey Street near Capitol Drive north of San Pedro, Officer Christopher Walter said. The device was found near fields owned by Unocal Corp.
BUSINESS
December 27, 2006 | From Bloomberg News
Anadarko Petroleum Corp., the oil and natural gas producer that bought Kerr-McGee Corp. this year, sold fields in Louisiana to Exco Resources Inc. for $1.6 billion to cut debt. Dallas-based Exco, which went public in February with billionaire hedge fund manager T. Boone Pickens as its largest shareholder, will almost double its oil and natural gas reserves with the acquisition.
CALIFORNIA | LOCAL
January 7, 2014 | By Louis Sahagun
The Los Angeles city attorney filed a lawsuit Tuesday to stop Allenco Energy Inc. from reopening in South Los Angeles, accusing the company of ignoring years of evidence that fumes from its oil fields were sickening residents of the surrounding neighborhood. City Atty. Mike Feuer's investigation found that Allenco willfully disregarded violation notices issued by oversight agencies and that regulators did not move forcefully to enforce their numerous and repeated citations. As a result of lax practices, Allenco exposed University Park neighbors "to noxious fumes and odors which have resulted in adverse health effects on community members in the form of severe headaches, nausea, nosebleeds, chronic fatigue and respiratory ailments including asthma," says the complaint, filed in Los Angeles County Superior Court.
CALIFORNIA | LOCAL
December 15, 2013 | By Louis Sahagun
Air quality regulators say that an urban oil field blamed for chronic respiratory illnesses and nosebleeds in a South Los Angeles neighborhood is modifying its operations to prevent leaks and upgrade air pollution controls. Allenco Energy Co., which voluntarily suspended operations Nov. 22 at the request of U.S. Sen. Barbara Boxer (D-Calif.), plans to inspect and repair tanks, remove an open-air drain and sump from service, and upgrade air pollution control systems, South Coast Air Quality Management District officials said.
CALIFORNIA | LOCAL
November 22, 2013 | By Louis Sahagun
A controversial urban oil field in South Los Angeles voluntarily agreed Friday to cease operations pending completion of a federal investigation prompted by complaints from neighbors who blame its noxious vapors for persistent respiratory ailments, headaches, nausea and nose bleeds. The move comes a few weeks after U.S. Sen. Barbara Boxer (D-Calif.) urged Allenco Energy Co. to discontinue its oil production activities in the neighborhood of University Park, half a mile north of the USC campus, “until the experts tell us it is safe for our most vulnerable populations.” In a letter to Boxer, Allenco President Peter Allen said the decision was made “to give you and the residents in our area a greater sense of confidence in our ability to operate responsibly and to appropriately address any concerns.” Barry Wallerstein, executive director of the South Coast Air Quality Management District, praised the company's decision.
CALIFORNIA | LOCAL
November 22, 2013 | By Louis Sahagun
Operators of a controversial urban oil field in South Los Angeles voluntarily agreed Friday to halt operations pending completion of investigations prompted by complaints from neighbors, who blame noxious vapors for persistent respiratory ailments, headaches and nosebleeds. The move comes a few weeks after U.S. Sen. Barbara Boxer (D-Calif.) urged Allenco Energy Co. to suspend oil production in the University Park neighborhood, half a mile north of USC, "until the experts tell us it is safe for our most vulnerable populations.
CALIFORNIA | LOCAL
October 16, 2013 | By Louis Sahagun
The South Coast Air Quality Management District's top brass faced a frustrated crowd at a town hall meeting Wednesday, during which more than 100 South Los Angeles residents criticized the agency's inability to say whether fumes from an oil field are hazardous. Some of those gathered in an auditorium at the Doheny Campus of Mount St. Mary's College cradled Styrofoam model heads pierced with sewing needles or bound in rope to demonstrate ailments they believe are linked to the oil pumping operation: dizziness, chronic fatigue, severe headaches and nose bleeds.
CALIFORNIA | LOCAL
September 26, 2013 | By Louis Sahagun
U.S. Sen. Barbara Boxer (D-Calif.) asked federal environmental officials Thursday to ensure the safety of a low-income South Los Angeles community where residents worry that their dizziness, headaches and nosebleeds may be linked to noxious odors from an urban oil field. In a terse letter, Boxer asked U.S. Environmental Protection Agency Administrator Gina McCarthy to "immediately address these unacceptable situations using all available and appropriate authorities. " Boxer requested a response by Monday describing the steps that the EPA will take to address the chemical smells, which waft through the University Park neighborhood from an oil-pumping operation on land Allenco Energy Co. leases from the Catholic Archdiocese of Los Angeles.
BUSINESS
April 4, 2006 | From Reuters
Venezuela said Monday that it assumed control of two oil fields operated by Total of France and Italy's Eni and vowed to win any international legal claims triggered by the takeovers. The move came after the two companies failed to reach an agreement with the government to transfer their operating contracts to new joint ventures, or mixed companies, giving state oil firm PDVSA a majority stake.
CALIFORNIA | LOCAL
August 27, 1993 | MACK REED
A welder's torch ignited a brush fire Thursday that blackened nearly 100 acres of oil fields west of Ventura but caused no injuries or property damage. The welder, who was repairing pipe in the Texaco oil lease in Devil's Canyon just after 1 p.m., inadvertently started the fire, said Sandi Wells, spokeswoman for the Ventura County Fire Department.
NATIONAL
September 23, 2013 | By John M. Glionna
CASPER, Wyo. - These are boom times in the resource-rich Cowboy State, courtesy of an oil explosion whose ripples can be felt across the land. Good-paying blue-collar jobs in the petroleum and natural gas fields are as plentiful as pickups here, and the unemployment rate - 4.6% in July - remains far below the 7.4% national average. But critics worry that the prodigious oil output includes a potential byproduct. Despite such fast-dollar success, heavy reliance on a single industry known for its dramatic downturns could one day help paint the state into a precarious financial corner, they say. Many fear the day when Wyoming's oil market fails, as it last did in the mid-1980s, exposing a fundamental flaw in the state's job picture: The lure of the oil dollar has prompted teenagers to skip college, or abandon high school, for the petroleum fields - many without a Plan B if things go bust.
BUSINESS
September 1, 2013 | By Ronald D. White
More than 25 years ago, Stanford University petroleum engineering graduates Halbert S. Washburn and Randall H. Breitenbach had a brainstorm. The major U.S. oil companies were abandoning oil fields nationwide for cheaper crude opportunities abroad. Why not form a company to fill the void by buying existing oil fields at low cost and extracting all of the crude that remained in the fields the industry giants had left behind? So they formed BreitBurn Energy Partners, now based in downtown Los Angeles.
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