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.
China installed a record 12 gigawatts of solar panels in 2013, almost matching the total amount of solar power in operation in the U.S., and may exceed that in 2014, according to data compiled by Bloomberg.
Noble Corp. led a decline among offshore deep-water drilling contractors after saying the industry may be experiencing a “pause in the cycle” after years of growth fueled by oil and natural gas discoveries.
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