Oklahoma’s insurance commissioner is asking insurance companies to send customers a notice to clarify whether their policies cover earthquake damage caused by things like mining or oil and gas exploration.
Bill Maddock, an expert in offshore operations and engineering, has been tapped to lead a Houston-based deepwater offshore energy research center established in the aftermath of the Deepwater Horizon spill.
In the years Chevron has spent chasing crude in the coveted Lower Tertiary, the company uncovered a number of hurdles the oil industry will have to overcome to ensure future development of this highly coveted frontier play, a Chevron executive said Wednesday.
The Houston-based oil company announced Monday that it has scooped up additional acres offshore the Falkland Islands and plans to start drilling there this year despite opposition from Argentina’s government.
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