Icahn’s Transocean board nominee faces pending criminal case in Spain
One of Carl Icahn’s three nominees to serve on Transocean’s board has been dogged for nearly a decade by a criminal complaint in Spain that accuses him of taking part in a multi-million dollar fraud against employees of a company where he used to be an executive. More »
Eagle Ford windfall carries pluses and minuses
When Ray Kroll took the economic development job in Karnes County a few years ago, the property value of the entire county was around $500 million. Now, thanks to the Eagle Ford shale play, the property tax rolls have jumped to $1.3 billion. More »
Oil boom raises rents in ND, pushes seniors out
After living all of her 82 years in the same community, Lois Sinness left her hometown this month, crying and towing a U-Haul packed with her every possession. More »
India’s Reliance not planning to acquire Valero
Reliance Industries Ltd. of India isn’t considering making a bid to acquire San Antonio-based refiner Valero Energy Corp., Reuters reported today. More »
Steffy: Oil patch history’s seedy side lingers in Karnes Co.
By now, Frank Moravits had hoped oil would be flowing from beneath his land in Karnes County, southeast of San Antonio. More »
Anadarko plans to sell all Brazil oil blocks, ANP says
Anadarko Petroleum Corp., the largest U.S. independent oil and natural-gas company by market value, plans to sell all its blocks in Brazil, a director at the nation’s crude regulator said. More »
Shell hopes to break the ice on Arctic drilling
A ship taking shape along the balmy Gulf Coast will have to sail a long way to do what it does best. More »
Exxon confident it can book Russian Arctic oil reserves
Exxon Mobil Corp. says it will be able to book oil and gas reserves it finds in an Arctic and Black Sea venture with OAO Rosneft even though its Russian state-run partner owns the licenses. More »
Inquiry into oil well deaths to center on clothing
Officials say an investigation into an oil well explosion in North Dakota that killed two workers will center on whether the men should have been wearing fire-resistant clothing under a federal safety policy that has drawn criticism from some drilling companies. More »
Noble Energy begins drilling in Cyprus
A U.S. energy firm has begun exploratory drilling for oil and gas off the coast of Cyprus, the divided island’s energy chief confirmed Monday, despite strong warnings from Turkey not to do so. More »
UN calls for peaceful resolution to Cyprus drilling dispute
Parties involved in a dispute over planned oil and gas drilling by Cyprus off the eastern Mediterranean island’s south coast should settle the issue peacefully, the United Nations said. More »
Tullow, Shell find oil deposit in French Guiana
Tullow Oil Plc, the U.K. explorer behind West Africa’s biggest offshore discovery in a decade, said an offshore find in French Guiana opened up a new hydrocarbon basin on the other side of the Atlantic. More »
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