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 ice fishing in northeast North Dakota is the best it’s been in two decades, but some anglers can’t make it because trains handling freight and crude from the state’s oil patch are displacing Amtrak passenger service.
Iran said Sunday it plans to introduce a new generation of oil contracts by June that promise to be more attractive to foreign investors as it seeks to significantly boost production should international sanctions hobbling its vital energy industry be lifted.
FORT WORTH — Researchers collecting seismic data hope it allows them to determine what role wastewater injection wells have played in a string of small earthquakes northwest of Fort Worth. The area in northeast Parker County, about 15 miles northwest of Fort Worth, has experienced more than 30 small earthquakes since November. Last month more […]
Tesoro Corp. said this week that it’s begun replacing its older rail cars used to transport crude oil with those of safer design. The San Antonio-based refiner said its rail-car fleet will consist entirely of the safer cars by mid-year.
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