A Deepwater Horizon minority investor agreed today to pay Texas $6.5 million for damage to the Gulf of Mexico and the coastal communities as a result of the 2010 Macondo oil spill, Texas Attorney General Greg Abbott said. More »
Alaska’s North Slope shales may hold as much as 80 trillion cubic feet of gas, or more than half the highest estimate for the Marcellus formation, and as much as 2 billion barrels of oil, the U.S. Geological Survey said. More »
Apollo Global Management LLC (APO) is leading a group that is near a deal to acquire El Paso Corp. (EP)’s oil-exploration business for about $7 billion, according to a person with knowledge of the situation. More »
How much BP Plc (BP) will pay for the 2010 explosion of a Gulf of Mexico oil rig that killed 11 people and caused the largest offshore spill in U.S. history may rest in the hands of a former maritime lawyer who began his career representing sailors in personal-injury cases. More »
FuelFix.com is your daily must-read source for news and analysis on the energy business. Anchored by business reporters at the Houston Chronicle and other Hearst newspapers, FuelFix incorporates blogs by energy experts, market updates, useful data and a real-time summary of the top ideas, hottest stories and latest news.