NEW ORLEANS (AP) — A move by oil giant BP to have a court fire the administrator of a damage claims settlement arising from the 2010 BP oil spill was opposed Wednesday by the administrator as well as by lawyers for Gulf Coast interests claiming harm from the disaster.
BP had filed a federal court motion in September saying Patrick Juneau should be removed. Among the reasons: They said Juneau once represented Louisiana in talks setting up the claims process and had pushed for favorable terms for those with claims. According to BP's motion, Juneau worked for the state from July 2010 until July 21, 2011.
U.S. railroad companies have recruited lumber and steel manufacturers in their fight against proposed rules that would require trains carrying crude oil to travel at slower speeds, arguing the rule would trickle down and hurt other industries, Bloomberg reports.
BP looked to dismiss a recently discovered Interior Department inspector general report detailing a debate over potential compliance issues at a Gulf of Mexico offshore drilling platform, as a contractor and environmental group used the report to urge a federal judge to reopen a $256 billion safety case against the company, FuelFix reports.
As the energy boom continues to boost demand for crude-by-rail shipping, Canadian Pacific Railway recently proposed a merger with CSX to create a freight company worth more than $60 billion, sources told The New York Times, though CSX hasn't embraced the idea in early discussions.
A pipeline leak in North Dakota spilled an estimated 42,000 of saltwater from oil production into a tributary of Lake Sakakawea, though state officials said the incident would not threaten drinking water, The Associated Press reports.
State and federal authorities need to do more to prepare for oil train emergencies, as local responders may not be able to cope, Gov. Jay Inslee, D-Wash., said Wednesday as he unveiled a preliminary report on the subject, according to The Associated Press.
A top oil industry group and the American Association of Railroads want up to seven years to retrofit or retire rail cars used to haul flammable crude oil from the booming Bakken Shale region of North Dakota and Canada.
The head of the American Petroleum Institute, Jack Gerard, told reporters Tuesday that his group and the association are jointly calling on the Transportation Department to allow an initial four years to retrofit the oldest, weakest cars, and three more years to tackle newer cars. That's far longer than the two-year timetable the industry would face under a safety rule proposed by Secretary Anthony Foxx in July.
Oil prices surged 8.3 percent in Friday trading as rig data suggested a slowdown in shale oil development, with Brent crude rising $3.86 to $52.99 a barrel and U.S. crude climbing $3.71 to settle at $48.24 a barrel, Reuters reports.
A survey conducted by Reuters reports that OPEC output rose by 130,000 barrels per day in January as Angola boosted exports and Persian Gulf producers kept steady or increased output, a signal that some members plan to stay the course on maintaining output despite low oil prices.
Despite the collapse of crude oil prices last year, the latest Commerce Department report of gross domestic output showed outlays for new oil rigs and wells rose 8.9 percent in the fourth quarter of 2014, even as equipment spending across all U.S. businesses fell, Bloomberg reports.
Chevron CEO John Watson, after his company reported lower profits and announced budget cuts, voiced optimism for long-term industry prospects, saying the price of oil will have to rise above $50 per barrel to support new exploration to meet energy needs, FuelFix reports.
A new poll conducted by The New York Times, Stanford University and Resources for the Future suggests that more than two-thirds of Americans, including 48 percent of Republicans, say they consider themselves more likely to support a candidate who supports action to combat climate change.
The National Biodiesel Board in a letter to the Environmental Protection Agency voiced frustration with the agency's delayed implementation of biodiesel mandates, saying the slow movement has caused some producers to reduce staff and forced others into bankruptcy, The Hill reports.
A survey of economists by Bloomberg projects that many of the world's largest crude oil exporters like Saudi Arabia, Kuwait and Qatar could see budget surpluses take hits and slip into deficits as global oil prices remain low.
Chevron, after posting a 30 percent decrease in earnings from the previous year in the fourth quarter 2014, abandoned plans to explore for shale gas in Poland, dealing a blow to efforts to develop hydraulic fracturing and shale drilling industries in Europe, The New York Times reports.
In an interview with E&E, Rep. Cynthia Lummis, R-Wyo., vice chairwoman of the Natural Resources Committee and leader of a new Interior and EPA oversight panel, discusses her familiarity with development and ranching issues in western states and her plans to limit Obama administration regulations on public land use.