The 5th U.S. Circuit Court of Appeals has reversed a ruling by U.S. District Judge Carl Barbier, the presiding judge in the trial, and said that BP can tap into insurance policies held by rig owner Transocean that provided for at least $750 million in coverage.
Cyberthreats, energy in the developing world and the ways in which the North American shale revolution has affected the global market will all be part of the IHS CERAWeek energy conference, which begins Monday.
New York Gov. Andrew Cuomo came as close as he ever has to approving fracking last month, laying out a limited drilling plan for as many as 40 gas wells before changing course to await the findings of a new study after discussions with environmentalist and former brother-in-law Robert F. Kennedy Jr., several people familiar with his thinking told The Associated Press.
The TAQA oil company says dozens of workers have been evacuated from a North Sea oil platform after a hydrocarbon leak was detected.
In court papers filed Friday, Transocean asserts that any damages it is ordered to pay are BP’s responsibility because BP has admitted to misleading the U.S. government about the amount of oil that flowed after the Macondo well blowout.
Swift Energy Co. said today that as of Thursday afternoon it had brought under control an outflow of water, oil and natural gas from a shut-in wellhead in the shallow waters of its Lake Washington field in Plaquemines Parish, Louisiana.
Houston Chronicle columnist Loren Steffy responds to testimony from BP’s former safety official, who said the company’s internal report didn’t examine management’s culpability in the Gulf oil spill disaster.
Chesapeake Energy Corp. acknowledged Friday that it had been subpoenaed by the U.S. Securities and Exchange Commission and other authorities related to allegations of conflicts of interest and collusion.
Electric Reliability Council of Texas, the state’s grid operator, said there was a “significant chance” it would have to issue emergency alerts and ask consumers to reduce energy use on some days this summer.
For investors, it’s a painfully familiar story: an entrenched management, a boardroom full of cronies and a languishing stock price. This time, though, the remedy may be an infusion of Houston’s energy expertise.