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.
Opposition to hydraulic fracturing has stymied development of the U.K.’s shale industry since a drilling moratorium was lifted in 2012. The U.K. government has promoted fracking by cutting taxes and relaxing planning rules to try to lower reliance on imported gas.
Based on analysts’ target prices, Repsol is expected to underperform the 18-member Bloomberg Intelligence Global Integrated Oil Index. That’s despite it being only one of five companies where profits are predicted to rise next year.
The meeting comes six months before world leaders gather at a United Nations-sponsored conference in Paris in December to finalize a climate treaty. Obama has argued that a gradually warming planet could worsen social tensions and political instability worldwide, in addition to harming the U.S.
The Pew Research Center has conducted polls over the past several years on the public’s confidence in government. The results are not encouraging nor surprising. In 2010, 74% rated the federal bureaucracy as only fair or poor. Last year, 75% said they trust the federal government to do what is right only some of the […]
Houston-based Plains All American Pipeline released a summary of the lab tests on Friday, as state and federal lawmakers intensified their scrutiny of the company’s ruptured Line 901 and the oil spill near Santa Barbara last month.
Outside of North America, Argentina and China are the only two nations that are producing commercial quantities of natural gas trapped in deep-seated shale formations, and they both have the capacity to grow their output substantially, the U.S. Energy Information Administration said in a report Friday.
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