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"This is the last thing we want to see happen," said Annise Parker, Mayor of Houston, Texas, discussing how a port strike will impact her city. "It's time to move forward to a new agreement," she added.
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*Marathon now owner of refinery with deadly past under BP. HOUSTON, Feb 1- Marathon Petroleum Corp on Friday closed its $2.4 billion acquisition of BP Plc's Texas City, Texas, refinery, both companies said.
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*Pemex a byword in Mexico for accidents and oil theft. MEXICO CITY, Feb 1- Rescue workers pulled out more bodies from debris at the headquarters of Mexican state oil giant Pemex on Friday after a powerful explosion killed at least 33 people and threw a spotlight onto the state-run company's poor safety record.
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NEW YORK-- Shares of The Men's Wearhouse Inc. slipped Friday after a Cowen& Co. analyst downgraded the stock, saying he is concerned about the retailer's sales and its profit margins. Kernan said he now expects Men's Wearhouse to earn $2.76 per share in the current fiscal year, down 8 cents from his previous estimate.
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HOUSTON/ SAN FRANCISCO, Feb 1- Renewed strength in refining and chemicals led to higher-than-expected fourth-quarter earnings for Exxon Mobil Corp and Chevron Corp, the two largest U.S. oil companies.
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HOUSTON-- National Oilwell Varco Inc. said on Friday that its fourth-quarter profit rose 16.4 percent as profits grew for its oil rig parts and services. The company earned $668 million, or $1.56 per share, for the quarter that ended Dec. 31.
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HOUSTON/ SAN FRANCISCO, Feb 1- Strength in refining and chemicals led to higher-than-expected fourth-quarter earnings for Exxon Mobil Corp and Chevron Corp, the two largest U.S. oil companies.
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HOUSTON, Feb 1- As J. Wayne Leonard retires from the ranks of U.S. electric utility executives, the former chairman of New Orleans- based Entergy Corp said he will continue to push the industry and the nation to combat climate change.
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*BP says that allegations are "untrue and without merit". NEW YORK, Jan 31- A former trader at BP has filed a lawsuit for breach of contract in which he alleges the British company's Houston- based unit, BP Energy Co, is attempting to manipulate the U.S. natural gas liquids market.
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NEW YORK, Jan 31- Brent crude oil futures rose to three-month highs on Thursday, widening its premium over U.S. crude, concerns about rising crude stockpiles in the U.S. Traders cited concerns about stockpiles at the Cushing, Oklahoma delivery point for the U.S. contract, which have pushed to record highs.
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HOUSTON-- Shares of Cameron International Corp. hit an all-time high Thursday after the oil industry equipment maker said that its fourth-quarter net income more than doubled and revenue from all of its businesses rose. Cameron International said that it earned $218.3 million, or 88 cents per share, in the three months that ended Dec. 31.
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ConocoPhillips said its total realized price fell to $67.45 per barrels of oil equivalent, down from $69.99 a year ago. In May, ConocoPhillips spun of its refining and pipeline unit into Phillips 66, so some of its earnings and revenue decline was because it no longer has those operations.
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Jan 31- ConocoPhillips shares were down 4 percent on Thursday, a day after the U.S. oil and natural gas company issued a production forecast that fell short of some Wall Street expectations.
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*Sale of California plants not ruled out. HOUSTON, Jan 30- Phillips 66 is studying "any and all options" for its California refineries given challenges with state regulatory requirements and high costs, Chief Executive Greg Garland told analysts on Wednesday.
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HOUSTON, Jan 30- Hess Corp Chief Executive John Hess told analysts on Wednesday that there were "no sacred cows" in the boardroom, and Hess would carefully consider an activist investor's push to break up the company. "There are no sacred cows in the business, no sacred cows in the boardroom," Hess said.
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NEW YORK-- Executive director Billy Hunter has fired his daughter and daughter-in-law from the NBA players' association, less than two weeks after a review criticized his hiring practices. Megan Inaba will stay on through the All-Star break to help coordinate activities in Houston before leaving her job on Feb. 17.
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*Kinder to expand in south and north Texas, and Oklahoma. Jan 30- Kinder Morgan Energy Partners LP will buy natural gas pipeline operator Copano Energy LLC for $3.22 billion to tap into growing demand for infrastructure to transport vast supplies from the shale fields of Texas and Oklahoma.
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HOUSTON, Jan 29- The departure of Chief Executive Aubrey McClendon is not an indication that Chesapeake Energy Corp is up for sale, according to an email to sent to employees on Wednesday. "...the company is not for sale," Chairman Archie Dunham wrote. Dunham also said the Chesapeake's board has set a drilling and completion budget of $6 billion.
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"In the fourth quarter of 2012, we replaced all imported light foreign crude oils with cheaper domestic crude oils at our Gulf Coast and Memphis refineries," said Valero Chairman and Chief Executive Bill Klesse in a statement.
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SAN FRANCISCO-- The stocks of business software makers VMware Inc., Citrix Systems Inc. and BMC Software Inc. dropped Tuesday amid concerns about how their products will fare this year. VMware absorbed the worst beating as its stock plummeted $21.18, or 21.5 percent, to close at $77.14.
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Jan 29- Two people were hurt in an overnight explosion and fire at a private oil and gas firm's saltwater disposal facility in east Texas on Tuesday, an executive at the company said. Terry Blackmon, the fire marshal for nearby Van, Texas, said the explosion and fire occurred at 3 a.m. CDT.