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BP Suing over 2010 Gulf Mexico Oil Spill

BP Plc (BP/) and plaintiffs suing over the 2010 Gulf of Mexico oil spill are discussing a $14 billion accord that would be funded with money originally set aside by the company for out-of-court settlements, according to three people familiar with the talks. BP would agree to close down its $20 billion Gulf Coast Claims [...]

Monday, February 27th, 2012

Libya Unrest, BP stop Exploration more Oil Companies and Industry Fallout

Oil companies, including Italy’s Eni, Royal Dutch Shell PLC, U.K.-based BP and Germany’s Wintershall, a subsidiary of BASF, were evacuating their expat workers or their families or both. BP and Wintershall said they were temporarily suspending operations; Eni said production continued normally. Libya is one of the world’s biggest oil producers and has the largest [...]

Monday, February 21st, 2011

Natural Gas Demand and Outlook in US Energy Resources

Demand for natural gas has traditionally been very cyclical. Demand for natural gas is highly dependent on time of year, and changes from season to season. In the past, the cyclical nature of natural gas demand has been relatively easy: the highest demand during the coldest months of winter and lowest during summer months the [...]

Friday, February 11th, 2011