Explosion

BP plc and other operators involved in the Gulf of Mexico (GOM) rig explosion have been asked by the Civil Division of the Department of Justice (DOJ) to inform U.S. officials of “any significant corporate actions related to the organization, structure and financial position…” going forward.

Companies involved in the Gulf of Mexico rig explosion were asked by the Civil Division of the Department of Justice (DOJ) to inform U.S. officials of “any significant corporate actions related to the organization, structure and financial position…” going forward.

President Obama Thursday said he is halting or suspending drilling or planned drilling in the Gulf of Mexico (GOM) and offshore Alaska and Virginia in response to the explosion on the Deepwater Horizon rig and mammoth oil spill.

More than five weeks into the Gulf of Mexico oil spill caused by the explosion and sinking of drilling rig Deepwater Horizon, BP plc mounted its most ambitious attempt yet to stop the flow of oil from the ruptured well.

W&T Offshore Inc. CEO Tracy W. Krohn called the April 20 explosion and sinking of Deepwater Horizon and the resulting oil spill in the Gulf of Mexico (GOM) a terrible accident and said W&T is willing to help in any way “as most companies would be in our industry.”

W&T Offshore Inc. CEO Tracy W. Krohn called the April 20 explosion and sinking of Deepwater Horizon and the resulting oil spill in the Gulf of Mexico (GOM) a terrible accident and said W&T is willing to help in any way “as most companies would be in our industry.”

Looking to keep up with the explosion of exploration and production activity coming into the Marcellus Shale, the Pennsylvania Public Utility Commission (PUC) on Thursday said it will hold a special en banc hearing on April 22 to examine jurisdictional issues related to natural gas development in the play.

Looking to keep up with the explosion of exploration and production activity coming into the Marcellus Shale, the Pennsylvania Public Utility Commission (PUC) on Thursday said it will hold a special en banc hearing on April 22 to examine jurisdictional issues related to natural gas development in the play.

Following Monday’s explosion to $6, profit taking was the name of the game on expiration Tuesday as the January natural gas futures contract slumped to terminate at $5.814, down 17.6 cents. February futures slid 15.6 cents to $5.840.