Former FBI Director Louis Freeh was appointed last week as a special master to investigate apparent misconduct by one of the lawyers who helped manage BP plc’s $7.8 billion settlement fund with Gulf Coast plaintiffs over the deepwater Macondo well blowout in April 2010.
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Louis Freeh to Probe BP Gulf Coast Settlement Process
Former FBI Director Louis Freeh was appointed Tuesday as a special master to investigate apparent misconduct by one of the lawyers who helped manage BP plc’s $7.8 billion settlement fund with Gulf Coast plaintiffs over the deepwater Macondo well blowout in April 2010.
FracFocus Groups Fire Back at Harvard
One day after a report by Harvard Law School researchers leveled withering criticism against FracFocus, the two organizations that jointly manage the oil and natural gas disclosure registry fired back for what they claim were misrepresentations of the site.
U.S. Natural Gas Producers Again Asked to Disclose Drilling Risks
For the fourth year in a row, investor groups are calling on leading U.S. natural gas producers to disclose information about how they manage and measure the risks associated with unconventional drilling operations. Some explorers also were urged to disclose fugitive emissions from gas transmission.
Low-Cost Feedstocks Lift Dow Profits Above Expectations
Investors expecting dour third quarter earnings from Dow Chemical Co. one day after the company reported plans to cut approximately 2,400 jobs were given a bit of a surprise Wednesday as the chemical giant reported better-than expected earnings, thanks in part to abundant and low-priced natural gas.
North American Pipeline Security Breach Confirmed
Telvent, a Canadian firm whose software systems and services are used to remotely manage more than half of the oil and gas pipelines in North America and Latin America, last Wednesday confirmed a security breach involving the project files of some of its customers.
Security Breach of North American Pipes Confirmed; No Disruptions Reported
Telvent, a Canadian firm whose software systems and services are used to remotely manage more than half of the oil and gas pipelines in North America and Latin America, Wednesday confirmed a security breach involving the project files of some of its customers.
Administration’s Alaska Leasing Proposal Blasted
Sen. Lisa Murkowski of Alaska, the ranking Republican on the Senate Energy and Natural Resources Committee, has attacked the Obama administration’s proposed plan to manage oil and natural gas development in the National Petroleum Reserve in Alaska (NPR-A), saying that its proposal would unilaterally ban exploration in half of the 23 million-acre reserve.
Murkowski Blasts Administration’s Alaska Leasing Proposal
Sen. Lisa Murkowski of Alaska, the ranking Republican on the Senate Energy and Natural Resources Committee, attacked the Obama administration’s proposed plan to manage oil and natural gas development in the National Petroleum Reserve in Alaska (NPR-A), saying that its proposal would unilaterally ban exploration in half of the 23 million-acre reserve.
Eagle Ford Shale Adds $25 Billion to South Texas Economy
Development of oil and natural gas in the Eagle Ford Shale contributed $25 billion in total economic output to the South Texas region last year, according to a study released Wednesday by the Center for Community and Business Research at The University of Texas at San Antonio Institute for Economic Development.