The energy industry — thanks to advances in drilling and production techniques resulting in growing natural gas and oil supplies — can lift the U.S. economy out of its doldrums, but only if government regulation and permitting requirements don’t get in the way, speakers at a recent industry conference in Houston said.
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Cameron Settles Macondo Case with BP
Houston-based Cameron International Corp., which manufactured the blowout preventer used for the doomed deepwater Macondo oil well, on Friday agreed to pay operator BP plc $250 million to settle claims relating to the disaster.
December 19, 2011