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.
Both sides of the national furor over the Keystone XL Pipeline are reading too much into a recent government report on the pipeline’s environmental impact, and it’s possible that the political controversy has outgrown the proposed pipe itself, according to Wood Mackenzie.
The Port of Corpus Christi this week is opening the $41 million extension of its La Quinta Channel. The project extends the ship channel 1.4 miles to a depth of 41 feet. It also includes breakwater and shore protection for 45 acres of seagrass habitat, as well as 200 acres of shallow water habitat created […]
Oil companies eager to sell U.S. crude overseas are pushing Congress to relax a 39-year-old ban on those exports, but even reliable allies on Capitol Hill are wary. Rep. John Shimkus, R-Ill., said there is a kind of “schizophrenia” around the issue on Capitol Hill.
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