BP seeks to cut Gulf oil spill exposure by up to $3.4B
BP could reduce its potential maximum fine for the 2010 Gulf oil spill by $3.4 billion if a judge grants a motion BP filed Friday relating to the amount of crude spilled. More »
Rig victim’s widow says Gulf disaster caused ‘inferno of grief’
Shelley Anderson says Transocean waited three days to to tell her that her husband was lost in the Deepwater Horizon rig explosion. Days later, their young daughter, Lacy, said her father told her he was in heaven. Read Shelley’s victim impact statement, detailing the family’s ordeal. More »
Chevron expects 4Q profit to beat 3Q
Chevron Corp. expects fourth-quarter earnings to be “notably higher” than third-quarter profit. More »
Divorce Court and Public Policy
Columnist and author Bob Woodward recently observed about Congress and the White House that we have a situation that is like permanently being in divorce course with no settlement on who gets the kids. Every day that goes by it is clear that more gridlock is the likely future for important legislation and on other [...] More »
Support grows for more offshore drilling oversight
A top Obama administration official joined engineers and environmentalists Thursday in calling for a federal safety institute dedicated to keeping pace with the offshore drilling industry as it moves into deeper waters and ever-more challenging frontiers. More »
Shell touts technology in search for alternative fuels
Royal Dutch Shell engineers and scientists are working on technology to extract hard-to-reach oil around the world even as they push the use of alternative fuels in transportation and try to reduce the impact their work has on the environment. More »
Growing food needs will squeeze water resource for energy, Odum warns
During Shell’s Innovation Summit this week, Shell Oil President Marvin Odum warned that a projected 50 percent increase in global food consumption by 2030 will strain the relationship between water, food and energy. More »
Coast Guard: Tanker that hit Bay Bridge was warned
An empty oil tanker that crashed into the San Francisco-Oakland Bay Bridge was warned prior to striking the bridge tower, the Coast Guard said.
More »
Transocean advised of rights at hearing on Gulf spill criminal charge
Swiss drilling contractor Transocean made a brief appearance Wednesday in New Orleans federal court, where a lawyer for the company was advised of the misdemeanor criminal charge the company faces in connection with the 2010 Gulf oil spill. More »
Tesoro will convert Hawaii refinery to a terminal
Tesoro is converting its Kapolei Refinery in Hawaii into a terminal, then will put it up for sale. More »
Sealing deals: Energy M&A activity set a record in 2012
The $254 billion in energy industry deals last year beat the previous record of $212 billion in 2010, according to a new report. More »
Oil tanker Overseas Reymar hits San Francisco’s Bay Bridge
The oil tanker Overseas Reymar struck “a glancing blow” to a tower of the San Francisco-Oakland Bay Bridge after unloading crude at a Royal Dutch Shell refinery the day before.
More »
Follow Us:
© 2013 Hearst Communications Inc.