After pledging to Oklahoma’s oil and gas industry that it would make good on tax breaks temporarily set aside during a fiscal crisis, some legislators believe the state should repay developers only about 50 cents on the dollar. More »
Buddy Trahan, a Transocean Ltd. (RIG) rig supervisor who barely survived the BP Plc (BP/) Deepwater Horizon rig disaster, asked a federal judge to free his stalled personal- injury lawsuit from the oil-spill litigation set for trial in New Orleans on Feb. 27. More »
Relying on information from Japanese officials, U.S. Nuclear Regulatory Commission Chairman Gregory Jaczko told Congress that a spent-fuel pool at Japan’s crippled Fukushima plant was dry. It wasn’t true. More »
Chesapeake posted earnings of $429 million or 63 cents per share, compared with $180 million, or 28 cents per share, a year ago. The company had hedging gains of $315 million in the fourth quarter., More »
The project, which will include new rail lines to help the facility with shipments of sweet crude oil from production centers in North Dakota, is considered to be the first phase of a project that could lead to more expansions.
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