Republican Sen. Lisa Murkowski today said she agreed with President Obama that no short-term fixes exist for rising gasoline prices. But she suggested Obama’s rhetoric for more oil-and-gas production as part of an “all-of-the-above” strategy hasn’t matched his actions. More »
The Environmental Protection Agency probably won’t finalize rules setting the first-ever U.S. standards on greenhouse-gas emissions for oil refineries until early 2013, an agency spokeswoman said. More »
Settlement talks have collapsed between BP and lawyers representing business owners and individuals affected by the Deepwater Horizon oil spill in 2010, sources familiar with the negotiations told the Chronicle.
The Obama administration will require energy companies to certify that they are not endangering local water supplies when using hydraulic fracturing to extract natural gas and oil, the Interior Department said. More »
As drought conditions in much of Texas continue, a recent Texas Supreme Court ruling has further defined the rights and limitations private property protections for groundwater in a landmark decision. More »
Royal Dutch Shell Plc (RDSA) asked the U.S. Supreme Court to rule that the company can’t be sued by Nigerians seeking damages for torture and murders committed by their government in the early 1990s. More »
An academic team enlisted by Ohio’s business sector released a study Tuesday that finds oil and gas drilling will mean more than 65,000 jobs and an almost $4.9 billion investment in the state’s economy by 2014. More »
SandRidge Energy Inc. (SD), the U.S. explorer that pumps oil from aged fields while competitors drill in younger shale plays, has become the most-leveraged independent producer as it ramps up crude production. More »
The Philippines said today it has the right to invite foreign companies to explore for oil and gas in waters located between its western coast and the South China Sea, dismissing China’s claim to the area in a fresh spat between the Asian neighbors. More »
Donald Hudson, who was a manager at Helmerich & Payne Inc. (HP), was charged with lying to a federal agent reviewing blowout prevention testing and records of drilling rigs in the Gulf of Mexico. More »
Secretary of State Hillary Clinton on Tuesday called on the Securities and Exchange Commission to “go as far as possible” with rules requiring certain oil, gas and mining companies to disclose their payments to host nations. More »
Rowan Companies Inc., the offshore- drilling contractor that shed $1.6 billion of its business units last year, fell the most in more than three months after announcing plans to move its legal headquarters to the United Kingdom. More »
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