The suit filed in the U.S. Court of Appeals in Washington Friday comes three months after the Obama administration announced it would not raise ethanol levels as high as the 2007 Renewable Fuel Standard, signed into law by President George W. Bush.
The total rig count, which when including natural gas rig fell by 30, now stands at 541.
The debt-rating agency is currently reassessing its energy company ratings after continued low oil and gas prices led it to worsen its outlook for the sector.
The company took a $36 million hit from having part of its geothermal power complex, The Geysers, offline during the California Valley fire.
At its peak, the leak was estimated to contribute about a quarter of California’s climate-altering methane emissions, leading some to call it the worst environmental disaster since the 2010 BP oil spill in the Gulf of Mexico.
Called the “keep it in the ground act” act, the bill led by Rep. Jared Huffman, D-California, would apply to all federal lands and waters, including the Gulf of Mexico.
Once oil companies are confident prices will improve, analysts expect a wave of deals.
TransCanada announced Thursday it had booked a US $2.1 billion charge related to its now-rejected Keystone XL pipeline.
Despite keeping its earnings positive, the chemical products manufacturer saw its quarterly revenues decline by 23 percent.
The arrangements come as U.S. LNG export projects are increasingly under pressure amid the continuing rout in global commodity prices.