Facing

Anadarko Petroleum Corp., a one-quarter partner in BP plc’s ill-fated Macondo well, is facing a lawsuit that claims a top executive misled investors about the well’s impact, a Houston district judge has ruled.

With logistics for moving hydraulic fracturing (fracking) equipment snarled by mostly foul weather through May, North Dakota is facing a growing backlog of unfracked wells, according to Lynn Helms, the state’s director of the Department of Mineral Resources (DMR).

Despite facing legal challenges to conduct emissions auctions, California’s cap-and-trade program to auction greenhouse gas (GHG) emissions raised nearly $280 million earlier this month, selling out its entire carbon allowance allotments of 14.5 million.

National Oilwell Varco Inc. (NOV) COO Clay Williams said Friday the company is facing “headwinds” in North America on weaker-than-expected demand for pressure pumping and equipment.

National Oilwell Varco Inc. (NOV) COO Clay Williams said Friday the company is facing “headwinds” in North America on weaker-than-expected demand for pressure pumping and equipment.

The global energy business is for the optimistic, those unafraid of facing challenges and taking risks, and it will forever be so, BP plc Group CEO Bob Dudley said last week before a crowd at IHS CERAWeek 2013 in Houston.

A joint venture (JV) of Battelle and Winner Global LLC expects to begin building its first unit in April to respond to a potential water shortage facing oil and natural gas companies that are engaged in hydraulic fracturing (fracking) activities in the Utica and Marcellus shales in Ohio and Pennsylvania.

The global energy business is for the optimistic, those unafraid of facing challenges and taking risks, and it will forever be so, BP plc Group CEO Bob Dudley said Wednesday before a crowd at IHS CERAWeek 2013 in Houston.

Hess Corp., which is facing a shareholder revolt for a perceived lack of focus and crony-heavy board, on Monday said it would become a pure-play exploration and production (E&P) company. The plan involves fully exiting the downstream business, selling Bakken Shale midstream, and bringing aboard six new independent directors.