BP has agreed to pay a record $18.7 billion to settle the federal and state claims against it for its role in the Deepwater Horizon oil spill, sidestepping years of litigation with a promise to pour funds for nearly two decades into efforts to repair vast environmental damage in the Gulf region.
SandRidge, the Oklahoma City-based producer, had about 90 percent of its oil and natural gas liquids output hedged in early 2015, according to a regulatory filing. Next year, the hedges cover less than a third.
The announcement that investigators were considering whether to charge Mikhail Khodorkovsky with ordering the killing came as he is becoming an increasingly strong voice in Russian opposition politics.
The trip moves Shell physically closer to resuming exploratory oil drilling in the Arctic Ocean next month, even though the company is still seeking four essential federal approvals to launch the work.
The high court’s ruling undermined Obama administration regulations targeting mercury and other hazardous air pollutants — a different set of regulations from the greenhouse gas limits that Obama is counting on to slow the effects of global warming.
Sound Oil Plc, a Mediterranean producer one-500th the size of Eni SpA, will start exploring fields in Morocco and Italy toward the end of 2015 and early 2016, while Cairn Energy Plc and Savannah Petroleum Plc plan wells in West Africa.
Many companies have already spent the money to retrofit or shut down the coal-fired power plants that were most affected. Other Texas power companies rely more on natural gas or nuclear power and actually supported the Environmental Protection Agency rule that went into effect in April.
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