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Oil & Gas

Exxon expected to boost 3Q earnings

NEW YORK — Analysts are expecting an increase for the 3Q quarter for Exxon, given the rise in oil prices, according to the Associated Press. But they still question
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West Virginia passes tax break to lure chemical plant

CHARLESTON, W.Va. — West Virginia lawmakers approved a 25-year tax break aimed at bringing a new chemical plant to the state, The San Francisco Chronicle reported. Gov. Earl Ray
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Deal reached between Cooper Tire, union

TEXARKANA, Ark.— The Associated Press reports, Cooper Tire & Rubber Co. announced a tentative contract agreement with its union workers in Texarkana. The company and United Steel Workers
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First woman named to run top five oil company

RIO DE JANEIRO — Maria das Gracas Foster became the first woman to run one of the world’s top five oil companies after she was officially named the CEO
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Obama Administration rejects Keystone XL Pipeline

WASHINGTON — The Obama Administration has denied a permit for the Keystone XL Pipeline, a proposed $7 billion pipeline system that would transport oil from Canada to multiple destinations
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Russian tanker delivers fuel to iced-in Alaskan town

NOME, Alaska — A Russian fuel tanker has successfully navigated through the frozen Bering Sea in an emergency operation to deliver fuel to the remote Alaskan town of Nome,
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Oil refinery fire destroys two-story building

SAN PEDRO, Calif. — A fire at a ConocoPhillips oil refinery in San Pedro, Calif., consumed most of a two-story office building before it was contained Monday morning, The
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Chemical engineers develop new catalyst to boost petrochemical production

AMHERST, Mass. — Chemical engineers at the University of Massachusetts Amherst, using a catalytic fast pyrolysis process that transforms renewable non-food biomass into petrochemicals, have developed a new catalyst
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Exxon Mobil reports gas compressor problem at refinery

NEW YORK — A gas compressor problem at an Exxon Mobil Corp. refinery in Beaumont, Texas, on Sunday resulted in a release of hydrogen sulfide and sulfur dioxide, Dow
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Obama to face ‘political consequences’ if pipeline goes unapproved, lobbyist warns

WASHINGTON — A top oil industry lobbyist issued a warning to the Obama administration Wednesday, saying the president will face “huge political consequences” if the Keystone XL oil pipeline
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