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Lionel Laurent, Forbes
Thu, 01/29/2009 - 6:40am

But new investment and declining costs mean the company could hold up well in the coming year.

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Keystone XL pipeline to be delayed
TransCanada Corp. says the long-delayed Keystone XL pipeline will be in service months later than expected and cost more than its current $5.3 billion price-tag as it continues to await U.S. government approval. TransCanada had been sticking to its late 2014 or early 2015 start-up target, but the regulatory process has dragged on. More
Drivers benefit as oil prices drop sharply
A sharp decline in the price of oil this month is making gasoline cheaper at a time of year when it typically gets more expensive. It's a relief to motorists and business owners and a positive development for the economy. More
Nigeria tycoon 'plans $8bn refinery'
Africa's wealthiest man, Aliko Dangote, says he aims to invest up to $8bn in a major new oil refinery that would double Nigeria's current oil output. More
Exxon CEO's Compensation Rises to $40.2 Million
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GE to buy oil pump maker Lufkin for nearly $3 billion
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His video startup made him wealthy. Now comes the hard part: figuring out what to do with the rest of his life.
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Ukraine is investigating its special French-trained brigade after reports of mass desertion and command problems
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