The deal expands Chevron’s relationship with Kuwait Foreign Petroleum Exploration Company, creating a partnership to develop about 330,000 net acres in the liquids-rich Kaybob area of the Duvernay shale. More »
Russia’s ruling elite is convulsing as the economy careens toward recession, the ruble hovers near a record low and the conflict in Ukraine pushes the country deeper into a standoff with the U.S and its allies. More »
While the commercial use of drones is largely banned, the Federal Aviation Administration allowed oil giant ConocoPhillips to use unmanned aircraft systems in Alaska’s Prudhoe Bay oil field last year and granted a similar permission to BP there in June.
Energy companies are a particularly vulnerable to investigations under U.S. anti-bribery laws because they often operate in remote countries with histories of corruption, says George Terwilliger, a former deputy U.S. attorney general who now works at a private law firm. More »
Baker Hughes painted a thousand drill bits pink this month, adopting the rosy shade used by Susan G. Komen, the philanthropic organization that promotes education, research and advocacy for breast cancer. More »
The Houston-based company is negotiating to buy 552 acres in an industrial site along the La Quinta Ship Channel for a condensate storage and shipping project which could cost between $400 and $600 million. More »
BP’s attempt to unravel a verdict that its recklessness caused the Deepwater Horizon oil spill hinges on its legal and scientific challenge to the testimony of one expert and its bid to cast more blame for the disaster on cement contractor Halliburton. More »
The New York Attorney General Eric Schneiderman reached an agreement with Houston based energy producers EOG Resources and Anadarko that will require them to disclose the financial risks associated with hydraulic fracturing, his office announced Friday. More »
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