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Another US independent refiner is slashing operations in response to low refining margins.

Brazilrsquo;s Petroleo Brasileiro SA (Petrobras) began refining 264,000 bbl from Tupi fieldmdash;its first load of oil from the presalt regionmdash;at the Henrique Lage refinery in Sao Jose dos Campos, Sao Paulo state.

The oil-rich kingdom has pushed this position for years in earlier climate-treaty negotiations. While it has not succeeded, its efforts have sometimes delayed or disrupted discussions. The kingdom is once again gearing up to take a hard line on the issue at international negotiations scheduled for Copenhagen in December.

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A team from the US Chemical Safety Board was sent to investigate an Oct. 21 fire at Tesoro Corp.rsquo;s 58,000-b/d Salt Lake City refinery, it was reported on Oct. 23.

CATANO, Puerto Rico - Crews struggled to contain a huge, smoky fire at fuel storage facility outside Puerto Rico"s capital Friday following an early morning explosion that knocked out windows and shook the ground in the U.S. territory.

A plume of inky black smoke loomed over the island, forcing the U.S. Federal Aviation Administration to divert plane traffic and keeping school children at home. Authorities warned that more tanks could explode before the fire is extinguished.

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Energy research and development challenges are becoming more complex, demand integrated and individual approaches, and are in need of wider funding sources, concluded a forum at the Society of Exploration Geophysicists annual meeting in Houston.......

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Brazilrsquo;s state-run Petroleo Brazileiro SA (Petrobras) and Venezuelarsquo;s Petroleos de Venezuela SA (PDVSA) completed negotiations for joint construction and operation of the Abreu e Lima refinery, in Brazil"s Pernambuco state.

GeoResources Inc., Houston, said the pace of activity in the Williston basin Bakken/Three Forks play is increasing in its joint venture with Slawson Exploration Co., private Wichita-based operator.

BP PLC Chief Executive Officer Tony Hayward says more money needs to be spent on exploration and development if the world is to meet increasing demand for energy.