The Dallas Fed estimates the U.S. has lost 70,000 oil jobs during the 14-month price slump.

Sharp oil spending cuts, distressed sales to loom over 2016

With no guarantee of an oil-market recovery this year, U.S. drillers will almost certainly have to resort to more unpleasant survival tactics in 2016, including deep spending cuts and some fire sales.
(Photo: Fotolia)

Enbridge settles pipeline dispute with Red Lake for $18.5M

Enbridge Energy will pay the Red Lake Nation in northern Minnesota $18.5 million to settle a nearly decade-long dispute over unauthorized use of a small parcel of tribal land.
(David Paul Morris/Bloomberg)

Tennessee AG sues Chevron over petroleum spill cleanup costs

Money from the tax — four-tenths of a cent per gallon — is intended as a last-resort fund for owners who cannot afford spill cleanup costs.
Former Yukos CEO Mikhail Khodorkovsky stands behind a glass wall at a court in Moscow, Russia, on Tuesday, May 24, 2011.  (AP Photo/Misha Japaridze)

Prominent Putin foe may seek asylum in UK after new arrest

The former chief of the now-closed Yukos oil firm told the BBC on Thursday it’s now clear that Putin sees him as “a serious threat.” He said he feels safe in London and is interested in seeking asylum.
Categories: Legal issues
Pennsylvania Attorney General Kathleen Kane speak during a news conference Tuesday, Dec. 1, 2015, at the National Constitution Center in Philadelphia. Kane announced a new effort to investigate pornography and other lewd emails exchanged among prosecutors, judges and others inside government. Kane's law license is currently suspended while she awaits trial on charges she leaked secret grand jury material to a newspaper and lied about it. (AP Photo/Matt Rourke)

Pennsylvania sues gas driller over ‘deceptive’ leases

The lawsuit alleges that Oklahoma City-based Chesapeake Energy Corp. tricked landowners into signing one-sided leases in the early years of the Marcellus Shale drilling boom and then improperly deducted certain post-production expenses from landowner royalties.

Colorado’s fracking battle goes before state Supreme Court

Fracking, or hydraulic fracturing, helped set off an energy boom in Colorado. It also stirred up a fight over the potential dangers to the environment, public health and property values.
(Flickr user martinluff)

Companies asking Oklahoma judge to toss earthquake lawsuit

Energy companies claim the litigation could cripple oil and gas production in Oklahoma, a state tied to the industry. Regulation proponents say the lawsuits could result in safer drilling practices.
Robert Kaluza, a BP well site leader from the Deepwater Horizon oil rig explosion, talks with his attorneys Shaun Clarke, left, and David Gerger, right, as they enter Federal Court before he is arraigned on manslaughter charges in New Orleans on  Nov. 28, 2012. (AP Photo/Gerald Herbert)

Schedule set for BP rig supervisor’s misdemeanor trial

Last week, federal prosecutors dropped 11 counts of involuntary manslaughter against Robert Kaluza and co-defendant Donald Vidrine.
Photo: Refracted Moments/Flickr

Egypt to pay Israel $1.76 billion after halting gas supplies

The Israeli electric company sued the Egyptian providers EGPC and EGAS for $4 billion in damages

Judge throws out lawsuit challenging Nebraska pipeline law

A judge has thrown out a lawsuit challenging a Nebraska law that allowed the Nebraska governor to approve the proposed Keystone XL oil pipeline route through the state.