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.
President Barack Obama isn’t likely to utter a word about the controversial Keystone XL pipeline during his State of the Union address Tuesday night — but that isn’t stopping fans and foes of the project from pressing the issue as the White House puts the final touches on the speech.
The National Football League has sought to gradually reduce the footprint left behind by the Big Game, and the league is taking steps to make the Feb. 2 Super Bowl at MetLife Stadium the most environmentally friendly yet, from planting trees to offset carbon emissions to composting food waste to using biodiesel to power generators.
Iran plans to offer oil companies improved terms to develop oil and natural gas fields once a trade embargo against the country is lifted, Total SA (FP) Chief Executive Officer Christophe de Margerie said.
Germany is set to become the first nation inEurope to charge owners of renewable energy plants for their own use of electricity, part of Chancellor Angela Merkel’s effort to contain rising power bills.
A former BP engineer is basing his request for a new trial on improper interviews with jurors who had convicted him of trying to obstruct a federal investigation of the company’s 2010 Gulf oil spill, federal prosecutors say.
During a visit to Houston last week, Gustavo Madero, president of Mexico’s opposition National Action Party, spoke with FuelFix about how the nation’s new energy reform policy will affect Pemex and other aspects of the nation’s energy landscape.
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