House Republicans on Tuesday unveiled a five-year infrastructure bill that is already coming under heavy fire for expanding oil-and-gas production and using resulting royalties to pay for some of its costs. More »
Valero Energy Corp. said its fourth-quarter results were constrained by lower margins for gasoline and petrochemical feedstocks, even as two refineries the company purchased helped boost production and revenue. More »
The Obama administration’s denial of a permit wouldn’t have much impact on future U.S. crude imports from Canada if a new application can be approved by 2013, an energy analyst told Congress. But he added the permit’s denial nonetheless raises uncertainty about U.S. and Canadian supply growth. More »
Union officials are drawing up strike rosters while refineries prepare for possible shutdowns as a Wednesday deadline looms on nationwide contract talks covering 30,000 refinery and chemical workers – including 4,600 in the Houston area. More »
With a trial over the Gulf of Mexico oil spill looming, BP PLC is asking a federal judge to block two plaintiffs’ experts from testifying about an alleged disregard for safety throughout the energy company that those experts say led to the nation’s largest offshore oil spill. More »
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