A company responsible for a 2010 pipeline rupture that spilled more than 800,000 gallons of oil into a southwestern Michigan river has refused to pay $800,000 to complete two new studies to assess the spill’s damage. More »
BP Plc’s report about its investigation of an oil spill that fouled the Gulf of Mexico didn’t mention a conversation between two company officials about a key safety test the night of the blast, an executive testified. More »
Nearly 5,000 members of the Institutional Revolutionary Party unanimously at their national convention to remove language in the party’s platform that for years had opposed injecting private money in Petroleos Mexicanos, or Pemex. More »
The 5th U.S. Circuit Court of Appeals has reversed a ruling by U.S. District Judge Carl Barbier, the presiding judge in the trial, and said that BP can tap into insurance policies held by rig owner Transocean that provided for at least $750 million in coverage. More »
Cyberthreats, energy in the developing world and the ways in which the North American shale revolution has affected the global market will all be part of the IHS CERAWeek energy conference, which begins Monday.
New York Gov. Andrew Cuomo came as close as he ever has to approving fracking last month, laying out a limited drilling plan for as many as 40 gas wells before changing course to await the findings of a new study after discussions with environmentalist and former brother-in-law Robert F. Kennedy Jr., several people familiar with his thinking told The Associated Press. More »
The State Department late Friday released a fresh environmental assessment of the Keystone XL oil pipeline, concluding that the project is unlikely to dramatically boost demand for Canada’s oil sands or the amount of heavy crude oil refined in Gulf Coast refineries. More »
In court papers filed Friday, Transocean asserts that any damages it is ordered to pay are BP’s responsibility because BP has admitted to misleading the U.S. government about the amount of oil that flowed after the Macondo well blowout. More »
The U.S. might consider exporting light, sweet crude to Mexico in a swap for heavy crude, Adam Sieminski, administrator of the U.S. Energy Information Administration, said today at a conference in Houston. More »
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