Lawyers for ExxonMobil begin presenting their defense against the state of New Hampshire’s claims that the oil giant should pay hundreds of millions of dollars to clean up groundwater contamination from the gasoline additive MTBE.
While opponents of fracking are pleased at a report that Gov. Andrew Cuomo will wait for a Pennsylvania health study before deciding whether to allow drilling, landowners are preparing to sue New York over lost gas-leasing opportunities and an industry group warned Sunday that a business exodus from the state will worsen.
Transocean Ltd. (RIG), the owner of the Deepwater Horizon rig that exploded while drilling in the Gulf of Mexico in 2010, reinstated dividend payments following pressure from billionaire shareholder Carl Icahn.
A company responsible for a 2010 pipeline rupture that spilled more than 800,000 gallons of oil into a southwestern Michigan river has refused to pay $800,000 to complete two new studies to assess the spill’s damage.
BP Plc’s report about its investigation of an oil spill that fouled the Gulf of Mexico didn’t mention a conversation between two company officials about a key safety test the night of the blast, an executive testified.
Nearly 5,000 members of the Institutional Revolutionary Party unanimously at their national convention to remove language in the party’s platform that for years had opposed injecting private money in Petroleos Mexicanos, or Pemex.
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