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The legal question of the day, submitted by the 5th Circuit Court of Appeals to the justices in Texas, could change the way companies finance risky business operations well beyond the oil industry.
The discovery by China National Offshore Oil Corp. was made about a month after its rig withdrew in July from Vietnam’s exclusive economic zone to far less-contested waters closer to China.
Exxon Mobil Corp. and its Malaysian partner Petronas have kicked off the first operations at a massive enhanced oil recovery project about 200 kilometers offshore of Peninsular Malaysia.
Authorities said that a Chevron Corp. subsidiary was still releasing natural gas Sunday from a pipeline off the Louisiana coast where a Saturday incident killed a maintenance worker.
A contractor was killed and two others were injured Saturday during maintenance on a Chevron natural gas pipeline off the Louisiana coast, authorities said.
The CEO of BP warned that Scotland’s push to splinter off from the United Kingdom could upset the fiscal stability underpinning oil operations in the North Sea.
Texas, with its history of oil booms and busts, offers expertise for a country new to the energy game.
Noble and Jordan’s national power company signed a non-binding letter of intent that would provide Jordan with 1.6 trillion cubic feet of natural gas over 15 years from the Leviathan field in the Eastern Mediterranean sea. That’s equal to 300 million cubic feet per day.
Noble Energy has found oil and gas at two wells drilled deep in the Gulf of Mexico, the company reported Thursday.
Shell’s campaign to resume Arctic drilling in 2015 took a major step forward Thursday, as the company gave federal regulators a broad drilling blueprint that lays out plans for boring new exploratory oil wells in the Chukchi Sea. It is the strongest evidence yet that the company will keep pursuing a big discovery in the U.S. Arctic, after a mishap-plagued 2012 exploration campaign ended with the grounding of a drilling rig and a $200 million writeoff.