(AP Photo/Tony Gutierrez, File)

Texas lawmaker seeks to protect urban drilling

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State Rep. Phil King filed a pair of bills this week, cities seeking to ban fracking would need to gain approval from the state attorney general, pay the state to study the financial impact and reimburse the state for any lost tax revenue.
(Photo by Flickr user Lee)

Citgo says Conoco probe may ‘freak out’ potential buyers

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ConocoPhillips claims Venezuela’s state-owned oil company is trying to avoid paying compensation for assets that former President Hugo Chavez nationalized in 2007.
Halliburton Chairman and CEO Dave Lesar, joined by members of the Halliburton Executive Team ring the Opening bell at the New York Stock Exchange on November 18, 2014 in New York City. (Photo by Ben Hider/NYSE)

Halliburton begins antitrust review, sees $75 million restructuring charge

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Halliburton chief financial officer Mark McCollum said the regulatory review process to clear the deal to acquire Baker Hughes with U.S. and European Union authorities has begun in earnest.
(AP Photo/US Coast Guard, File)

Feds blast BP’s request to cut billions in spill fines

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The outcome of this latest legal tussle between the British oil giant and federal prosecutors could mean a difference of $11 billion on BP’s final bill for spilling millions of barrels of oil into the ocean four years ago.
The drillship Noble Discoverer undergoes sea trials off Singapore in November 2014, following shipyard work and upgrades. Those improvements included a new main propulsion system, environmental controls and enhancements to the drilling systems. (Photo: Noble Corp.)

Noble pleads guilty to violations involving Arctic drillship

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Noble Corp. pleaded guilty Monday to eight criminal charges tied to pollution, propulsion and record keeping problems with the two drilling rigs that bored Arctic oil wells for Shell in 2012.
deepwater horizon disaster explosion

Supreme Court denies BP’s petition to review settlement case

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The U.S. Supreme Court on Monday denied BP’s request for the court to review the 2012 oil spill settlement it reached with thousands of Gulf Coast businesses and residents in the wake of the Deepwater Horizon disaster.
Harold Hamm and ex-wife Sue Ann Arnall at the the TIME 100 Gala on April 24, 2012 in New York City.  (Photo by Kevin Mazur/WireImage for TIME)

Harold Hamm’s ex-wife appeals $1 billion divorce ruling

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Divorce attorneys expressed surprise after the ruling that a billionaire’s spouse didn’t get at least 25 to 30 percent of the couple’s assets when the marriage was formally dissolved last month.
(Chris Ratcliffe/Bloomberg)

BP, audit spell out documentation issues at spill claims office

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A report from an independent accounting firm could give BP more ammunition for its long legal fight over its massive oil spill settlement.

Asking the EPA to clarify and broaden possible ways for states to meet greenhouse gas controls at EGUs

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On Monday, the comment period for the EPA’s proposed rules for greenhouse gas controls for existing electricity generating units closes.  The agency is pursuing regulation under the authority of the CAA, section 111(d).  My comment was sent in today and copied here.  It focuses on expanding the ways a state can meet the target by […]
(Matthew Lloyd/Bloomberg)

Deepwater Horizon damages paid with almost no error, audit shows

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The Deepwater Horizon claims office that BP has painted as the source of hundreds of millions in unjust and fictitious payments actually has dispersed damage awards with a 99.5 percent accuracy rate, according to an audit released in court papers Tuesday.