Judge must decide who can withdraw from spill deal
Thousands of Gulf Coast residents claiming economic or health damages from the 2010 oil spill have told a New Orleans federal judge they don’t want to participate in a class action settlement, and now he has to decide which ones he’ll allow to opt out. More »
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Oil falls to lowest level since July
Benchmark oil fell $4.27 to finish at $84.44 per barrel. More »
ZaZa Energy stakes out the Eaglebine
ZaZa Energy will begin hydraulic fracturing of its first well in the Eaglebine play north of Houston by mid-November, the next step in what the company hopes to parlay into a major operation there.
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Economic concerns dampen energy growth plans
Just 36 percent of surveyed oil and gas executives had a positive outlook for corporate earnings, down from the 52 percent just six months ago, according to a global industry report. More »
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Devon reports loss, but makes oil gains
Devon Energy Corp. reported a third-quarter loss of $719 million, as it continues to struggle with low prices for the natural gas that accounts for two-thirds of its production. More »
Energy and environment leaders respond to Obama’s reelection
President Barack Obama’s reelection drew enthusiastic applause from environmental activists, muted congratulations from the oil industry and plenty of advice for the future from both camps. More »
Energy stocks hammered after Obama wins election
U.S. energy stocks were sharply lower Wednesday after President Barack Obama secured re-election to a second term in the White House. More »
New regs – & LNG approvals – possible in Obama’s second term
During a second term in the White House, President Barack Obama will have more freedom to impose tougher regulations on domestic drilling, despite stiff opposition from the oil and gas industry. But the newly reelected president also will have more latitude to approve natural gas exports and the controversial Keystone XL pipeline, without the risk of alienating environmentalists he needs at the ballot box. More »
Iraq official: Exxon Mobil wants out of big field
U.S. oil giant Exxon Mobil Corp. has expressed an interest in pulling out of a major oil field development project in the country’s south, a senior Iraqi oil ministry official said Wednesday. More »
Japan utility seeks more funds for nuclear crisis
The Japanese operator of the nuclear power plant devastated in last year’s disasters is seeking more government financial support, saying the cost of the cleanup could be double the 5 trillion yen ($62.5 billion) allocated so far. More »
KU works to better monitor climate change’s effect
University of Kansas researchers are receiving a $1.7 million federal grant to study climate change. More »
Oil rig workers evacuated from floating hotel
Statoil on Wednesday evacuated 326 oil rig workers from a North Sea platform after the structure began to tilt, the Norwegian oil company said. More »
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