BP’s own statements, and analyses prepared by people it hired, may make it difficult to defend itself against billions of dollars more in penalties related to the 2010 Gulf of Mexico oil spill. As a civil trial is set to get under way in federal court Monday in New Orleans over a web of litigation related to the disaster, the U.S. government believes it has an ace in the hole – the British oil giant itself.
Texas is awash in oil and gas, with rigs proliferating from the Permian Basin to the Haynesville Shale. Now, another shale play in West Texas is causing a stir, with early estimates of recoverable reserves at 30 billion barrels of oil.
As Michael Brander tells it in his book on the Scottish Highland Regiments, the Scottish Highlands produced, between 1740 and 1815, men for some 86 Highland Regiments who travelled around the world to strengthen the British Empire. But towards the end …
The Texas Supreme Court denied LaSalle Pipeline LP’s request to review a $605,000 jury award to a Texas landowner when jurors agreed that his entire family ranch — not simply the portion the pipeline itself traverses — would be devalued by the presence of a pipeline.
The U.S. Justice Department and several Gulf of Mexcio states have prepared a last minute offer to BP to resolve civil claims related to the 2010 Gulf of the Mexico oil spill as a trial over the disaster nears, according to people briefed on the talks.
U.S. Oil Demand Fell to 18-Year Low for January, API Says
U.S. January oil demand fell to the lowest level for the month in 18 years as a weak economy reduced consumption, the American Petroleum Institute reported.
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