Posts Tagged ‘Oil’

Energy efficiency: Mississippi already benefiting from U.S. moving toward energy self sufficiency

Not that many years ago there were concerns about “the end of oil,” the depletion of the oil reserves that fuel the world economy. One of the largest economic problems in the U.S. was the cost of importing so much oil. But drilling technology innovations including fracking now have some experts predicting that by 2035 […] [...]

Callon calls Lone Star’s actions ‘ill-advised and self-serving’

NATCHEZ — Callon Petroleum Company has issued the following statement concerning recent demands made by Lone Star Value Management, LLC (“Lone Star”): “Lone Star’s demands appear both ill-advised and self-serving. By advocating for a sale now, Lone Star seems to be focused on realizing a quick trading profit, which would be contrary to the interests of […] [...]

Environmentalists turn to court over offshore leasing rules

GULF OF MEXICO — Environmental groups want a judge to stop rules setting a framework for offshore gas and oil exploration in parts of the Mississippi Sound. At a hearing yesterday, the Sierra Club and the Gulf Restoration Network asked Hinds County Chancery Court Judge William Singletary to order the Mississippi Development Authority to reconsider […] [...]

Callon issues statement on Lone Star board candidates

NATCHEZ — Callon Petroleum Company (NYSE: CPE) has confirmed that Lone Star Value Management has filed notice to nominate two candidates to stand for election to Callon’s board of directors at the 2014 Annual Meeting. Callon issued the following statement: “Callon’s board of directors and management team are fully committed to creating value for all […] [...]

DMR sends letter to MDA over marine leasing, seismic activity

BILOXI — Jamie Miller, executive director of the Mississippi Department of Marine Resources, has sent a letter to the Mississippi Development Authority regarding the state’s process for leasing and seismic activity in Mississippi marine waters. In the letter, Miller said that MDA’s rules do not contradict the Mississippi Coastal Program, but determined the DMR should […] [...]

Gulf Coast drilling opponents to get their day in court

by Published: November 15,2013

Tags: BP, Business, energy, Mississippi, Oil

A recent ruling by a Hinds County’s Chancery Court judge will give opponents of oil and gas drilling in the Mississippi Sound their day in court to appeal the Mississippi Development Authority’s proposed drilling rules. Robert Wiygul, attorney for the Sierra Club and the Gulf Restoration Network, said,“We filed an appeal back in the spring. […] [...]

Judge to hear objections to BP oil spill settlement

NEW ORLEANS — A year ago, lawyers for BP and Gulf Coast residents and businesses took turns urging a federal judge to approve their settlement for compensating victims of the company’s massive 2010 oil spill. Today, however, the one-time allies will be at odds when an appeals court hears objections to the multibillion-dollar deal. That’s […] [...]

Oil spill trial begins look into how much oil leaked into Gulf

NEW ORLEANS — The focus of a trial over BP’s 2010 oil spill in the Gulf of Mexico has shifted to the multibillion-dollar question of how much crude gushed from BP’s blown-out well. Lawyers for BP and the federal government began Monday presenting U.S. District Judge Carl Barbier with conflicting scientific theories to explain their […] [...]

Oil well explosion puts five workers in hospital with burns

WAYNESBORO — Five workers have been injured in an explosion at an oil well near Waynesboro. Sean Dunlap, spokesman for Wayne County Emergency Management Agency, says the workers suffered burns. He did not know the extent of their injuries. They were taken to Wayne General Hospital in Waynesboro. Dunlap says the explosion caused a small […] [...]

Court reverses decision on BP getting oil spill insurance money

NEW ORLEANS — A federal appeals court has withdrawn its earlier ruling that BP is entitled to a portion of $750 million in coverage under a contractor’s insurance policies to help the London-based oil giant pay for costs associated with its massive 2010 oil spill in the Gulf of Mexico. A three-judge panel of the […] [...]

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