A well is drilled at an Apache Energy site in the Permian Basin in Midland, Texas, Feb. 14, 2012. (Jim Wilson/The New York Times)

Wyoming judge to hear challenge to federal fracking rules

on
Four states and two petroleum industry groups are suing the U.S. Interior Department, saying the rules announced in March are unnecessarily burdensome for oil and gas developers.
(Jason Alden/Bloomberg)

Gulf spill debt could hit BP hard over next few years, says ratings agency

on
A federal judge in New Orleans could rule at any time on BP’s oil spill penalties, which could rise as high as $13.7 billion. BP has set aside just $3.5 billion for the fines, but Fitch said its rating adjustment assumes the judge will hand down the highest-possible penalty.
109440253

Southern Ute tribe challenges new federal fracking law

on
The rule, which is set to go into effect Wednesday, also is the subject of lawsuits filed earlier this month, including a joint suit by the states of Colorado, Wyoming and North Dakota, as well as another filed by the Western Energy Alliance and Independent Petroleum Producers on behalf of 46 trade associations and royalty-owners groups.
Shoreline Cleanup Assessment Technique team members, left, evaluate oil coverage as a hand crew worker scraps areas affected by an oil spill at Refugio State Beach, north of Goleta, Calif., on Wednesday, June 10, 2015.  (AP Photo/Damian Dovarganes)

Workers clean up oil spill on California beaches by hand

on
The painstaking task at Refugio State Beach marks a new front in the cleanup after an underground pipeline leaked last month.
Mikhail Khodorkovsky (right), Russia's richest man and former CEO of OAO Yukos Oil, is guarded in the defendant's cage at the Meschansky Court in Moscowon July 12, 2004. (Dmitry Beliakov/Bloomberg)

Russia braces for global asset fight over Yukos after seizures

on
Yukos, once Russia’s top oil producer, was dismantled amid billions of dollars of back-tax claims that former owner Mikhail Khodorkovsky called a response to his political activities.
(AP file photo)

Judge demands explanation for three-decade delay on energy lease

on
A frustrated U.S. District Judge Richard Leon called the delay “troubling” and a “nightmare” during a recent court hearing.
A drilling rig in Pennsylvania. (AP Photo/Alex Brandon)

Pennsylvania wants record fine against Texas drilling firm

on
A state department says methane was detected in private water supplies and a stream following drilling and hydraulic fracturing at a Lycoming County site in 2011. It cited the company in 2013 and again in May for failing to repair the well and devise a remediation plan.
109440253

PetroTiger’s former co-CEO avoids prison in bribery case

on
The sentence came a day after he pleaded guilty in federal court in Camden, New Jersey, to conspiring to bribe an official at Colombia’s state-controlled oil company, Ecopetrol SA.
Workers remove the drill pipe on the drilling floor of Development Driller III, which drilled the relief well and pumped the cement to seal the Macondo well, the source of the Deepwater Horizon rig explosion and oil spill, in the Gulf Of Mexico, off the coast of Louisiana, Saturday, Sept. 18, 2010. (AP Photo/Gerald Herbert)

Sabine Oil & Gas skips $21 million interest payment

on
Sabine is just the latest U.S. oil producer to show signs of financial stress in the oil market crash. Oil producers Quicksilver Resources, Dune Energy, BPZ Resources and American Eagle Energy have all filed for bankruptcy protection this year.
A Chesapeake Energy storage tank near Dilley, Texas. (Pat Sullivan/AP)

Chesapeake Energy seeks dismissal of nonprofits’ lawsuit

on
Chesapeake Energy is seeking the dismissal of a lawsuit that alleges it took oil and gas from a property without a lease agreement with the owners.