The ConocoPhillips spinoff announced Thursday will create the nation’s largest independent refiner by capacity, but management hasn’t decided what assets it will acquire and where it will be based, company spokesmen said. More »
BP today vowed it would take new steps to safeguard all of its oil and gas drilling in U.S. waters as part of a bid to reassure federal regulators the company can prevent a repeat of the lethal blowout at its Macondo well last year. More »
A dispute over whether to give coastal states a greater share of federal royalties for offshore drilling near their shores is expected to flare up during the Senate Energy and Natural Resources Committee’s debate on the bill next Thursday. More »
The blockbuster deal, the firm’s second major U.S. acquisition this year, will give BHP Billiton Petroleum access to highly sought-after acreage in the Eagle Ford and Haynesville shale formations and the oil-rich Permian Basin. More »
The U.S. Interior Department approved the construction of four renewable energy projects on government-owned land in Oregon and California to fast-track the development of wind and solar power plants. More »
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