BP emails reveal company veiling spill rate
On the day the Deepwater Horizon sank in the Gulf of Mexico, BP officials warned in an internal email conversation that if the well was not protected by the blow-out preventer at the drill site, crude oil could burst into the Gulf of Mexico at a rate of 3.4 million gallons a day, an amount a million gallons higher than what the U.S. government ultimately estimated spilled daily from the site.
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Oil price wavers on Persian Gulf supply concerns
Iranian leaders are scheduled to debate the ban Sunday in response to EU plans to embargo Iran’s oil by summer because of that country’s nuclear program. Investors
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House panel to quiz EPA research chief on Pavillion fracturing study
A top Environmental Protection Agency official is among those who will appear before a House panel next week regarding the agency’s controversial study suggesting a possible link between hydraulic fracturing and groundwater contamination in Pavillion, Wyo.
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Oil markets could withstand Iran attack shock
More than 70 percent of investors say an attack on Iran’s nuclear facilities would create only a short-term disruption in oil markets, according to a quarterly Bloomberg Global Poll.
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US Embassy: US citizen kidnapped in Nigeria freed
A U.S. citizen kidnapped by gunmen in Nigeria’s oil-rich southern delta has been freed after a week in captivity, the U.S. Embassy said Friday.
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Republicans seek more drilling to pay for highway bill
House Republicans next week will push a bill that would extend highway and mass-transit programs for five years and expand oil-and-gas drilling to cover some of the costs.
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CH2MHill brings new global energy group to Houston
CH2MHill, a giant engineering company, will move its new global energy group to Houston, in exchange for an estimated tax break of $160,000 and a $2.5 million grant from the Texas Enterprise Fund.
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Eastman Chemical buying Solutia for about $3.38B
Specialty chemical company Eastman Chemical Co. is buying Solutia Inc. in a cash-and-stock deal valued at about $3.38 billion to broaden its presence in the Asia Pacific region and other emerging markets while expanding its product offerings.
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EU has adequate rules on shale gas exploration, study shows
The European Union has adequate legislation to protect the environment as companies explore for shale gas in several member states, a study commissioned by the EU regulatory arm showed.
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Chevron 4Q profit falls 3 pct on refinery decline
Chevron says its net income slipped 3.2 percent in the fourth quarter as its refineries struggled to pass on the higher cost of crude oil.
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Oil, gas industry opposes use of word ‘fracking’ for method
A different kind of F-word is stirring a linguistic and political debate as controversial as what it defines.
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