Lawsuit alleges Exxon denied more claims than paid
Two batches of bad fuel produced at Exxon Mobil in mid-March 2014 caused some Baton Rouge area drivers to experience problems with their intake and valve systems.
View ArticleHouston’s Dune Energy seeks bankruptcy protection
Dune Energy, a Houston-based exploration and production company, filed for bankruptcy protection in federal court Sunday.
View ArticleFrank’s International to buy oil-tool firm for $95 million
Both firms have businesses running piping and casing for oil companies that are constructing wells, part of the post-drilling processes that lead firms to extract the first barrels of oil out of the...
View ArticleStriking refinery employees could come back to work by end of March
Last week, negotiators for Shell, which was representing the industry, and the union agreed on a deal that provides a national framework for contracts.
View ArticlePersonal income grew the most in energy producing states in 2014, government...
Crude oil prices grew for the first six months of 2014, hitting their peak in June at $107. That helped boost the economies of states like Alaska and North Dakota, where the oil and gas industry are...
View ArticleAP: Offshore wells buried during Hurricane Ivan have been leaking oil into...
An Associated Press investigation has revealed evidence that the spill is far worse than what the company behind the leak has publicly reported.
View ArticleEncana said to explore sale of Haynesville gas properties
Encana is unloading gas assets to better focus on drilling for oil and liquids such as condensate.
View ArticleCERAWeek: Refiners need more infrastructure to process the surge of U.S. crude
Revitalized North American crude production has created abundant sources of oil for refineries to process, but has raised the challenge of how to move it from the field to refineries.
View ArticleFire on coastal Louisiana oil platform extinguished
The Coast Guard reported that a light sheen of oil near the site appeared to be dissipating and moving away from the Breton National Wildlife Refuge on the nearby barrier islands.
View ArticleWillbros continues to sell off business units after spate of investor activism
The move comes after Willbros last week agreed to annual elections for everyone on its board of directors instead of the current system of staggered, three-year terms. Investor groups contended that...
View ArticleExterran closing Louisiana plant, laying off 76
Chris Michel, senior vice president for global human resources at corporate parent Exterran Holdings Inc., wrote state officials that the Broussard plant will remain open at least until either November...
View ArticleFoundations for first U.S. offshore wind farm head for Rhode Island
Deepwater Wind is building a five-turbine wind farm off Block Island, with the ability to power 17,000 homes as early as next year.
View ArticleNew Orleans accepts $45 million from BP in oil spill settlement
Mayor Mitch Landrieu's office announced in a news release Thursday the money will be used for "resilience initiatives, including water management and coastal and ecosystem restoration."
View ArticleHouston-based Milagro Oil & Gas seeks bankruptcy protection
Milagro said in court papers Wednesday it had $1 million to $10 million in assets and $500 million to $1 billion in liabilities and that it couldn’t pay back its debt because its business became...
View ArticleLawmakers back company responsible for decade-old Gulf leak
The leak dates to Hurricane Ivan in 2004, when storm-whipped waves in the Gulf triggered an underwater mudslide that toppled a Taylor Energy-owned oil platform and buried a cluster of its wells under...
View ArticleStrategic Petroleum Reserve shouldn’t be used to fill federal coffers,...
Congress should not use the nation's emergency oil stockpile as an ATM, with sales of the crude funding unrelated legislative priorities, Sen. Lisa Murkowski said as she toured one of the Louisiana...
View ArticleMarathon Oil CEO says company can profit with low oil prices
Without giving details on the buyer or buyers, Marathon is in the process of selling $100 million in natural gas assets in East Texas, North Louisiana and Wilburton, Oklahoma.
View ArticleLouisiana Offshore Oil Port storage center getting bigger
The hub receives domestic and international crude via ships and pipelines, temporarily storing the oil before sending it on to U.S. refineries. The Clovelly Hub receives oil from wells in Texas, the...
View ArticleChevron starts layoffs at Louisiana office
Chevron spokesman Chris Merrifield said in an email to NOLA.com/The Times-Picayune the company has started to reduce the workforce at its Covington office, but he was "not in a position to provide...
View ArticleEncana sends Louisiana shale assets to private venture in $850 million deal
Encana Corp. said Tuesday it will sell $850 million of Louisiana shale play acreage to a partnership between a closely held Woodlands oil and gas driller and a private equity firm.
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