BP wins appeal on Gulf oil spill insurance claim

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.
Escalating political tensions that led to across-the-board federal budget cuts are putting a drag on the benefits of the oil and gas boom, CERAWeek panelists said. (Nick de la Torre/Houston Chronicle)

Industry leaders gather in Houston for CERAWeek energy conference

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.
Protesters rally against hydrofracking as the legislative session winds down at the Capitol in Albany, N.Y., in June 2012.  A coalition of 100 environmental, health and community groups called for Gov. Andrew Cuomo to reject any demonstration project for shale gas drilling using hydraulic fracturing. (AP Photo/Tim Roske)

Gov. Cuomo held up on fracking in NY to await health study

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.
(Image: Fotolia)

North Sea platform leak sparks evacuation

The TAQA oil company says dozens of workers have been evacuated from a North Sea oil platform after a hydrocarbon leak was detected.
Categories: Crude oil, General, Offshore
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(AP Photo/Gerald Herbert, File)

Transocean, Halliburton say their Gulf spill tabs should be BP’s burden

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 stops oil flow after boat hit shut-in well

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.
Former BP Chief Executive Tony Hayward (center), current BP CEO Robert Dudley (right), and then-Chairman and President of BP America Lamar McKay (left) leave the White House following a meeting with U.S. President Barack Obama in 2010. McKay is now head of BP's upstream unit. Hayward is no longer with the company. (Win McNamee/Getty Images)

Steffy: BP habitually shields leadership

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.
Aubrey McClendon, owner of American Energy Partners (F. Carter Smith/Bloomberg)

Chesapeake under investigation by SEC

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.
Categories: Natural gas

Texas electric supply will be ‘very tight,’ grid operator says

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.
Categories: Electricity
(AP Photo/Mark Lennihan)

Steffy: Houston may energize New York oil company

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.
Categories: Legal issues