Shell Oil president Marvin Odum said he believes the pace of federal permitting for deep-water oil and natural gas drilling “may have turned a corner,” according to The New Orleans Times-Picayune. More »
Noble Corp. (NE), the offshore-drilling contractor building 11 new rigs, rose the most in more than four months after telling analysts that usage and lease rates for its vessels are improving throughout the world. More »
FirstEnergy Corp. said today that new environmental regulations led to a decision to shut down six older, coal-fired power plants in Ohio, Pennsylvania and Maryland, affecting more than 500 employees. More »
A judge overstepped his authority when he tried to ban enforcement around the world of an $18 billion judgment against Chevron Inc. for environmental damage in Ecuador, a federal appeals court said. More »
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