Archives for 2016
Judge dismisses Jefferson Parish suit against oil companies
NEW ORLEANS — A state judge in Jefferson Parish has dismissed the parish’s litigation against oil companies accused of damaging coastal wetlands. Jefferson is among four coastal parishes making such claims in multiple lawsuits in...
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EIA raises its forecast for 2017 U.S. oil production; futures fall
Oil producers in the U.S. are proving more resistant to low prices, even as global supply is set to fall into a deficit next year. The Energy Information Administration increased its domestic output forecast for...
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Exxon’s climate fight with ‘green’ states heats up in court
Exxon Mobil’s battle with New York and Massachusetts over their probes into the company’s use of climate change data is heating up, and a key element of the national dispute is now in the hands of a...
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Oil services firms face $110B in debt — and the bill is coming due
HOUSTON – Oil equipment companies have a lot riding on the sputtering market recovery. During the next five years, they’ll have to pay off about $110 billion in maturing debt. So unless energy prices and drilling...
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Texas Railroad Commission to consider trimming oil and gas rules
A Texas oil and gas commissioner is proposing a series of rule changes she says will help oil companies more easily navigate the state bureaucracy, potentially saving them money during the current downturn. Texas Railroad...
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