Report on Nebraska pipeline route goes to governor
The State Department has federal jurisdiction because the pipeline begins in Canada. More »
Transocean to pay government $1.4 B to settle fed’s spill claims
Transocean, which owned the Deepwater Horizon drilling rig, has reached an agreement to settle federal government claims relating to the 2010 Gulf of Mexico Oil spill. More »
Oil price jumps as U.S. averts ‘fiscal cliff’
Benchmark crude for February delivery rose $1.30 to $93.12 a barrel More »
Judge approves BP class action settlement
A federal judge says a settlement between BP and Gulf Coast residents claiming damages from the 2010 oil spill is “fair, reasonable and adequate.” More »
ConocoPhillips sells Nigerian business
In its latest move to streamline, ConocoPhillips is selling its Nigerian assets in a $1.8 billion deal with Oando PLC. More »
Transocean seeks dismissal of spill-related punitive damage claims
Transocean wants a federal judge to throw out certain claims against it arising from the 2010 blowout of BP’s Macondo well and explosion of Transocean’s Deepwater Horizon drilling rig. More »
Moody’s downgrades Petrobras credit rating to negative
Moody’s has downgraded Petrobras’ credit rating from neutral to negative. More »
Judge refuses Keystone hearing due to paperwork problem
A landowner is seeking a temporary injunction to stop work on the pipeline in the eastern part of Texas.
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Chevron offers to settle Brazil spill lawsuits
Earlier this year, Chevron paid $18 million in fines to Brazilian authorities. More »
Chesapeake pipeline sale gets lukewarm reviews
Analysts say Chesapeake Energy Corp.’s sale of more than $2 billion in pipeline assets still keeps the company well shy of its cash needs. More »
Texas offshore wind project wins federal grant
Baryonyx Corporation will recieve a $4 million grant from the U.S. Department of Energy for a three-turbine project in the Gulf of Mexico. More »
New rules on oil and gas well integrity may be coming soon
Texas regulators are proposing tighter rules governing oil and gas well integrity, including revisions in requirements for cement quality and thickness of well casing. More »
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