Plaquemines Parish coastal zone director P.J. Hahn walks through oiled marsh grass in Bay Jimmy near the Louisiana coast on Oct. 14, 2010. (AP file photo/Patrick Semansky)

Louisiana parish drops suits against oil and gas companies

The Plaquemines Parish council voted to dismiss 21 suits it had pending against 68 oil companies, officials and a lawyer said.
MR, left to right: Randy_Shelley.JPG, Bill_Karp.JPG, Blake_Dart.JPG, Josh_Wall.JPG,

Photo taken with the Canon EOS 5 D camera.

Oil crash job losses in Texas may be steeper than previously thought

The number of oil and gas job losses may be thousands more than the Texas Alliance of Energy Producers initially projected.

Pemex’s new union contract will help reduce $90 billion pension burden

Pemex has struggled following Mexico’s move in 2014 to reform its energy industry, which ended decades of state control and opened up the country to private investment.
A pipeline sign marks  the main U.S. oil pipeline and storage hub at Cushing, Oklahoma. (Bloomberg photo)

Oil prices resume fall after inventories show big build

The total amount of crude in storage grew to 487 million barrels, an at least 80-year seasonal high, according to the EIA.
Prime Minister Vladimir Putin of Russia visits an oil rig in the Caspian Sea operated by Lukoil, April 28, 2010. (Alexei Druzhinin/Pool via The New York Times)

Russia’s oil rivalry with Saudis masks bigger Iranian threat

Iranian shipments to Europe came to about 600,000 barrels a day, or 17 percent of its production, before sanctions blocked imports in 2012.

OPEC report highlights temporary production drop, ongoing oversupply

On Tonya Harding’s 45th birthday, the crude complex is on thin ice once more. The US dollar is in ascendancy as the sturdiness of the European economy is questioned once more, while OPEC’s monthly oil report has done little to allay oversupply fears. Jumping into the data action overnight, and Chinese economic weakness manifested itself […]
Categories: Crude oil, Middle East
Tags: |
(Paul White/(AP photo)

Repsol earnings miss estimates after crude oil prices tumble

Repsol is among international oil producers to suffer from a 40 percent decline in the price of Brent crude over the past year.
(Paul O'Driscoll/Bloomberg News)

Shell affiliates are buyers, sellers in $390 million midstream transaction

Shell and other producers have also been using deals that sell some of their pipelines to help raise cash as they struggle with low crude oil prices.
(AP Photo/Gregory Bull, File)

North Dakota now has 79 more “income millionaires”

The number of North Dakotans reporting seven-figure incomes has more than doubled since 2010.
Lee Tillman, vice president, engineering, ExxonMobil Development Company, gives a presentation on large-scale projects in the Arctic at OTC 2013 Wednesday, May 8, 2013, in Houston. (Brett Coomer/Houston Chronicle)

BP, Marathon stump for longer drilling laterals in Oklahoma

Marathon CEO Lee Tillman said that a 2011 Oklahoma law allowing longer laterals had helped producers in the state.