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A federal judge has ruled that the Mississippi attorney general’s lawsuit against the administrator of BP’s $20 billion oil spill fund to get access to claims filed by coastal residents will be heard in state court.
A federal judge is considering whether the state of Alaska should be allowed to collect additional money for unforeseen damages from the Exxon Valdez oil spill.
The state House and Senate opened a long-anticipated debate over competing Republican bills to overhaul the regulation of natural gas drilling and impose a fee on drilling companies, as the Democratic minority complained that neither proposal goes far enough in tapping revenue from the lucrative industry.
Oil traded near the highest level in more than three months as Italy started building a new government that may help contain the European debt crisis and Japan reported its first economic growth in a year.
Chinese authorities say oil spills in the Bohai Bay from an oil field operated by a ConocoPhillips subsidiary were caused by negligence.
Enbridge’s line would not face the same opposition or regulatory scrutiny that has slowed progress for the Keystone XL because it duplicates existing routes, Daniel said.
The International Energy Agency cut forecasts for global oil demand in 2012 for a second month as the economic recovery loses momentum.
Former Defense Secretary Robert Gates told a gathering of energy leaders Tuesday that it would be bad policy to cut the nation’s defense and intelligence budgets as the United States must be prepared to deal with powerful and volatile nations, some of which are major oil producers.
Two members of Louisiana’s congressional delegation met with a top Interior Department official to express concerns about the Obama administration’s regulation of offshore drilling in the aftermath of the Gulf oil spill.
OPEC has cut its estimate for world oil demand this year and next.