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.
BP’s latest full-page newspaper ad suggests the departure of two senior officials who administered payments to victims of the 2010 Gulf of Mexico oil spill is evidence of “mounting problems” at the settlement program.
A joint venture of Kinder Morgan Energy Partners LP and Magellan Midstream Partners LP has entered into a long-term agreement to move Eagle Ford Shale liquids for Anadarko Petroleum Corp. Kinder Morgan Crude and Condensate LLC and Double Eagle Pipeline LLC, a 50-50 joint venture between Magellan Midstream Partners LP and Kinder Morgan Energy Partners, […]
Pipeline giant Kinder Morgan Energy Partners will spend nearly $1 billion to move into the tanker business after agreeing to buy two companies that ship oil between U.S. ports, the companies said Monday.
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