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.
I was thinking of doing a year in review blog as would be customary for this time of year but the sense of disorder in the world is so great, it was hard to know where to start. For the energy sector, there are so many factors that could turn into negative Black Swans, it […]
Authorities are trying to determine what’s been causing the earthquakes in an area about 20 miles northwest of Fort Worth. Many residents believe the tremors are related to injection wells used in the hydraulic fracturing or fracking process.
The natural gas boom has turned the United States into a magnet for production of the chemical methanol, with nine major plants expected to be built, expanded or restarted in the country in the coming years.
Oil and gas producers worldwide bought fewer assets and spent more on developing a huge stockpile of reserves and acreage in 2013, bringing merger and acquisition activity to its lowest level in five years.
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