Chron Energy Newslinks | 12.08.09 | Deadly Valero unit had a history of problems. Reserves data = bunk.

• EPA moves to put limits on CO2 even if Congress doesn’t

Lyondell settles lawsuit brought by unsecured creditors.

• Chemical board won’t probe Valero blast. The unit in question had a history of malfunctions.

• Houston-based McDermott Intl. splitting into two companies.

• Companies have overstated Iraq’s oil production potential.

Don’t count out efficiency as a climate-change weapon.

• Exxon and partners agree to move forward with $15 billion LNG project despite financing issues.

Amazon deforestation could end by 2020 with better management.

• Energy Dept. to watch Illinois for misspent stimulus funds.

• Baker Hughes developing drill bits for ultra-hot locations.

• Saudi Aramco to drill 45-50 exploration wells in 2010

• Oil and gas reserves are bunk, says one Houston oil exec.

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