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.
If you’re interested in breaking into the oil & gas industry, you’ll want to pay special attention to this week’s column. A few days ago I received an email from a Young Professional that was frustrated with their career, wanted to break into oil & gas upstream operations, and through hard work was able to secure two offers with leading service companies.
The decision by Warren Buffett’s utility company to order about $1 billion of wind turbines for projects in Iowa indicates that turbines are becoming profitable without subsidies and that the drop in equipment costs is making renewable energy more competitive with power from fossil fuels.
A federal jury has told a judge that they are having difficulty reaching a verdict in the trial of a former BP engineer charged with trying to obstruct a probe of the company’s 2010 oil spill in the Gulf of Mexico.
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