Geographic surveys conducted in 2011 in the Russian Arctic could add as much as 1.2 million square kilometers (463,000 square miles) to Russia’s continental shelf, according to the Natural Resources Ministry. More »
The wife of a former New Orleans police officer who pleaded guilty to helping cover up deadly shootings on a New Orleans bridge after Hurricane Katrina was charged Tuesday with submitting a fraudulent claim for money from BP’s oil spill compensation fund. More »
The United Steelworkers Union reached a three-year deal Tuesday night with the nation’s refineries and chemical plants, hours before a midnight deadline that could have put 30,000 workers on strike and reduced U.S. fuel-making capacity. More »
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 »
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