BP

Domestic Oil And Gas Production

The EIA has lowered crude price forecasts in its Short-Term Energy Outlook (STEO), expecting West Texas Intermediate (WTI) crude oil prices to average $49 per barrel (b) in 2015 and $54/b in 2016. [EIA] New documents have revealed BP was part of an oil and gas lobby that successfully undermined EU renewable energy targets and subsidies… Keep reading →

Initial Decision Finds That BP Manipulated 2008 Natural Gas Market In Texas

A BP station in downtown Chicago - at th

On August 13, 2015, a Federal Energy Regulatory Commission Administrative Law Judge issued an initial decision in which she found that BP America Inc manipulated the natural gas market in Texas for over two and a half months in 2008.

An usher holds up a sign outside the Bri

BP has reported a $5.8 billion loss in the second quarter, mostly from the costly settlement over the 2010 Gulf of Mexico oil spill. [The NY Times] The Senate Energy and Natural Resources Committee began its debate over the broad bipartisan energy bill, with potential conflicts already emerging. [The Hill] The UAE will raise gasoline prices… Keep reading →

Texas Oil Companies Work To Adapt To Falling Oil Prices

A partnership led by Marathon Petroleum Corp. will buy MarkWest Energy Partners LP for $15.8 billion in one of the biggest oil-patch deals since crude prices have slumped. “The deal will marry Marathon’s oil pipeline network with MarkWest’s business separating natural gas into fuels such as propane and ethane. The combined company would have a… Keep reading →

A BP station in downtown Chicago - at th

On July 2, 2015, BP reached an agreement in principle with five Gulf States to settle claims against the company arising from the Deepwater Horizon oil spill in 2010.

San Francisco Career Fair Helps Military Veterans Find Jobs

The energy industry – oil & gas sector in particular – is bracing itself for a massive wave of retirements over the short to medium term, which has been dubbed “The Great Shift Change.” As the industry prepares for this turnover, companies are looking to the next generation of candidates with skills ranging from finance, geology,… Keep reading →

100506-N-6070S-819 Gulf of Mexico (May 6, 2010) -- Dark clouds of smoke and fire emerge as oil burns during a controlled fire in the Gulf of Mexico. The U.S. Coast Guard working in partnership with BP PLC, local residents, and other federal agencies conducted the "in situ burn" to aid in preventing the spread of oil following the April 20 explosion on Mobile Offshore Drilling Unit Deepwater Horizon. (U.S. Navy photo by Mass Communication Specialist 2nd Class Justin Stumberg/Released)

BP’s long, flammable nightmare is finally over. It has agreed to a record settlement to cash out all of the federal and state claims against it arising from the Deepwater Horizon oil spill. From the Wall Street Journal: BP PLC on Thursday agreed to pay $18.7 billion to settle all federal and state claims arising… Keep reading →

Airlines Face Rapidly Rising Fuel Costs

The EPA have begun the process of regulating greenhouse gas emissions from the largest domestic commercial airlines. “But some fear the ultimate approach may prove too weak. The agency released a proposed “endangerment finding,” meaning that it is suggesting that aircraft engines may “contribute to the air pollution that causes climate change and endangers public health and welfare.” That’s what the… Keep reading →

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The energy industry – oil & gas sector in particular – is bracing itself for a massive wave of retirements over the short to medium term, which has been dubbed “The Great Shift Change.” As the industry prepares for this turnover, companies are looking to the next generation of candidates with skills ranging from finance, geology,… Keep reading →

Duke Energy Buys Progress Energy In $13 Billion Deal

Duke Energy has agreed to provide families in North Caroline with bottled water after state testing found private wells near where the company stores coal waste contaminated with potentially toxic chemicals. “Over the last week, the state’s department of environment and natural resources mailed out 87 letters to residents who live near sites where Duke has stored… Keep reading →

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