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Brazilian oil company increasing U.S. investment upstream, possibly at retail

HOUSTON -- Alberto Guimaraes, president of Petrobras Americas Inc., the U.S. arm of Brazil's state-run oil company Petrobras, said that the company is looking at more oil and gas production in the Gulf of Mexico, more U.S. refining capacity, a bigger role in the domestic biofuels market and...

Retailer to debut new stores, food, car washes with $55 million expansion

YORK, PA. -- Rutter 's Farm Stores, an operating company of Rutter 's Holdings Inc., will invest $55 million in 10 convenience stores and 11 car washes as part of what it describes as “the biggest one-year capital expenditure” in its history. The retailer is also expanding its Central Pennsylvania...

Mostly closed locations are in major U.S. markets

CHICAGO -- BP said that it is offering 56 U.S. retail sites for commercial use. Of these sites, 50 are currently closed and six are operating. Some of the sites within this package were previously announced in November as company-owned, company-operated locations that BP will be selling over the...

Report calls for 40-cent federal gas tax hike, state fuel tax increases
Rumor of Snak-Atak acquisition in line with retailer's growth plans.
Selling 48 sites in Atlanta area to be re-imaged as ampm stores
Ky. AG Sues Marathon for Gouging