A pair of Alaska lawmakers who have been among the staunchest defenders of the state’s oil tax structure say they are open to addressing the issue of “progressivity,” the much-debated system that generates revenue for the state budget and criticism from production companies. More »
BP Plc (BP/) said it’s developing a new plan with partner Reliance Industries Ltd. (RIL), operator of India’s biggest natural gas deposit, to develop discoveries in the area simultaneously instead of in phases. More »
LINN Energy has reached a deal with BP America Production Co. to acquire 600,000 acres in the Hugoton Basin for $1.2 billion, according to the Houston-based oil and natural gas development company. More »
As settlement talks continue between the Plaintiff Steering Committee and BP over the Deepwater Horizon disaster, outside legal experts are speculating on the potential value of the plaintiffs’ cases. More »
Cheniere Energy Partners LP, operator of the largest U.S. natural gas-import terminal, said Blackstone Group LP agreed to invest $2 billion toward construction of a $10 billion plant to export the fuel. More »
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