Orleans

The U.S. Court of Appeals for the Fifth Circuit in New Orleans has ruled that a group of Mississippi landowners can move forward with a lawsuit in which they claim gas and coal companies contributed to global warming and “added to the ferocity of Hurricane Katrina” by emitting greenhouse gases (GHG).

New Orleans-based Energy Partners Ltd. (EPL) and some of its subsidiaries filed for Chapter 11 bankruptcy protection, the company said Friday. The filing was foreshadowed in late March when EPL said it couldn’t meet a debt payment following a reduction in its borrowing base. In recent years EPL has put itself up for sale, scrapped one merger, fought off a hostile takeover and tangled with environmental regulators.

New Orleans-based Energy Partners Ltd. (EPL) and some of its subsidiaries filed for Chapter 11 bankruptcy protection, the company said last Friday. The filing was foreshadowed in late March when EPL said it couldn’t meet a debt payment following a reduction in its borrowing base. In recent years EPL has put itself up for sale, scrapped one merger, fought off a hostile takeover and tangled with environmental regulators.

New Orleans-based McMoRan Exploration Co. posted a quarterly loss for the first three months of the year, which it blamed partly on lower natural gas and oil prices and partly on lower production. Some of its gas-weighted output remains shut in because of third-party facility outages following last September’s hurricanes in the Gulf of Mexico (GOM).

Central Gulf of Mexico (GOM) Lease Sale 208 went off as planned in New Orleans last Wednesday — despite earlier fears among some Republicans of a delay by the Obama administration — and the results of bidding were “good…not great,” said the Minerals Management Service’s (MMS) Lars Herbst, regional director for the GOM.

Central Gulf of Mexico (GOM) Lease Sale 208 went off as planned in New Orleans Wednesday — despite earlier fears among some Republicans of a delay by the Obama administration — and the results of bidding were “good…not great,” said the Minerals Management Service’s (MMS) Lars Herbst, regional director for the GOM.

Anadarko Petroleum Corp. sighed a breath of relief early last week after the Fifth Circuit Court of Appeals in New Orleans upheld a Lake Charles, LA, federal court’s 2007 decision that the company did not have to pay the U.S. government millions of dollars in royalties on eight oil and natural gas leases in the Gulf of Mexico (GOM).

Anadarko Petroleum Corp. sighed a breath of relief Monday after the Fifth Circuit Court of Appeals in New Orleans upheld a Lake Charles, LA, federal court’s 2007 decision that the company did not have to pay the U.S. Government millions of dollars in royalties on eight oil and natural gas leases in the Gulf of Mexico (GOM).

New Orleans-based McMoRan Exploration Co. plans to seek permission from the Department of Interior’s Minerals Management Service to drill deeper on the Blackbeard West prospect, located on the Treasure Island play in the Outer Continental Shelf.