The Texas Supreme Court says BP isn’t covered under Transocean’s insurance policy on the project that led to the 2010 Deepwater Horizon disaster. More »
The year’s biggest news in oil and gas litigation came last week when Fort Worth-based Moncrief Oil International voluntarily abandoned a billion-dollar trade secret lawsuit in the middle of trial against Russian energy giant OAO Gazprom, says one Texas energy attorney. More »
Natural gas futures traded down Thursday morning as the weekly inventories report from the U.S. Energy Information Administration showed a weaker-than-expected withdraw for the third consecutive week.8.4 cents to $2.713 More »
Despite an unrelenting focus on the recent rout in oil, there have been a number of other significant swoonings across commodityland™ which have also been rather noteworthy More »
Keystone’s backers on Capitol Hill do not have enough House and Senate votes to override President Barack Obama’s threatened veto. More »
Regulators trying to judge the carbon footprint of the Canadian crude that would flow through the Keystone XL pipeline should compare it to heavy oils from Mexico, Venezuela and Saudi Arabia, said the Calgary-based company seeking to build the project. More »
Buckle your seat belts and hang on tightly: the industry was happy to ride all the way to the top of the price curve, and now it must accept – embrace, even – the ride back down.
Oil prices stabilized last week amid reports that the US rig count has fallen close to 25 percent from its peak in October 2014. Yet even with some positive news about oil demand trends in December, analysts are assessing the surplus in oil markets for the first quarter of 2015 to be 2.5 million b/d […] More »
The United Steelworkers union is broadening its nationwide walkout to include two more refineries. Early Sunday, the union is planning to go on strike against two BP facilities in the Midwest, union spokeswoman Lynne Hancock confirmed. That will bring the total number of plants on strike to 11, after union members walked out of nine facilities, including […] More »
Rigs searching for crude are now at their lowest level since November of 2011. More »
Shares of CPPL were up by about 19 percent hours after trading began on Friday. More »
The measure sponsored by Rep. Bob Goodlatte, R-Va., would preserve requirements for advanced cellulosic ethanol made from wood, grasses and other inedible plant material.
Anadarko executives said on a Tuesday call with analysts that capital expenditures would fall in 2015, though they offered few specifics. More »
It was awesome to hear that rather than abandon their dreams, my from last week piece motivated some readers to double down on their ambition to work in some particular area of the industry. More »
The money was collected from ratepayers to help needy ratepayers, and spending it on any other purpose would be to break a covenant with Texans. More »