Posts Tagged ‘Oil’

Aldermen weigh whether to allow fracking in city limits

CALEDONIA — With the decision of the Caledonia Board of Alderman to allow fracking within the town’s city limits, what has been a national issue is now a local one. The questions emerge: Is it safe? If so, what would fracking mean to the small town? There is no consensus on either question. Hydraulic fracturing [...] [...]

BP oil spill damage claims exceed $1B

ACROSS MISSISSIPPI — Businesses and individuals who claim BP’s oil spill in the Gulf of Mexico cost them money have been paid more than $1 billion through the company’s class-action settlement with a team of private plaintiffs’ attorneys, court-supervised claims administrator Patrick Juneau said. Juneau said the payments reached the $1-billion mark before the end [...] [...]

Officials approve fracking on town-owned property

by Associated Press Published: January 4,2013

Tags: crude, energy, frack, fuel, gasoline, government, Oil, petroleum, town

CALEDONIA — Caledonia officials will allow an oil company to a fracking process to drill on town-owned land. The Commercial Dispatch reports the town signed an agreement with Fletcher Petroleum Corp. of Fairhope, Ala. The town received $100 for a three-year lease on a three-quarter-acre parcel. Hydraulic fracturing involves drilling horizontally instead of straight down, [...] [...]

Justice reaches $1.4B settlement with Transocean for oil spill

GULF OF MEXICO — The Justice Department has reached a $1.4-billion settlement with Transocean Ltd., the owner of the drilling rig that sank after an explosion killed 11 workers and spawned the massive 2010 oil spill in the Gulf of Mexico. Two people with knowledge of the negotiations say Switzerland-based Transocean would pay the money [...] [...]

Source of persistent oil sheen in Gulf remains a mystery

GULF OF MEXICO — Underwater inspections at the site of BP’s Deepwater Horizon rig disaster have failed to identify the source of a persistent sheen on the surface of the Gulf of Mexico, officials said yesterday. The Coast Guard and BP both said the recent inspections confirmed that the company’s Macondo well, which blew out [...] [...]

Company wants tax breaks to redevelop LeTourneau site

VICKSBURG — A company that proposes to redevelop the former LeTourneau Technologies site says it needs a tax exemption on up to $41 million in equipment and buildings. A representative for Cameron International Corp., the Houston-based oil services company that bought the LeTourneau yard in 2011, told Warren County supervisors Monday the company plans to [...] [...]

Callon Petroleum sells interest in oil field

by Associated Press Published: November 29,2012

Tags: acquisition, energy, fuel, gasoline, interest, merger, natural gas, Oil, petroleum, purchase, sale, sell, share

NATCHEZ — Callon Petroleum Co. says it will sell its share of an oil field to Royal Dutch Shell, PLC for $42 million. The Mississippi company will sell its 11.25 percent interest in the Habanero field to Shell Offshore, planning to close the deal before year end. The field, in 2,000 feet of water about [...] [...]

BP banned from new contracts in the Gulf by EPA

GULF OF MEXICO — The Obama administration put a temporary stop to new federal contracts with British oil company BP today, citing the company’s “lack of business integrity” and criminal proceedings stemming from the Deepwater Horizon disaster in 2010. The action by the Environmental Protection Administration won’t affect current contracts, but prevents BP and its [...] [...]

Yates to assemble equipment for project in Montana

by Associated Press Published: November 27,2012

Tags: build, builder, building, construction, contractor, energy, equipment, Oil, plant, sand

PHILADELPHIA — A Mississippi company has announced plans to assemble equipment for Canadian oil sands projects in northwestern Montana. The Great Falls (Mont.) Tribune reports Philadelphia-based Yates Constructors plans to open an assembly plant in the Bynum, Mont., area, north of Choteau along the Rocky Mountain Front. Sweetgrass Development executive director Sarah Converse says Yates [...] [...]

Many who opted out of BP settlement made invalid requests

NEW ORLEANS — Only about half the businesses and individuals who asked to be excluded from a proposed settlement over BP’s 2010 oil spill submitted valid requests, the company and a team of plaintiffs’ attorneys said in a court filing. A maximum of 13,123 potential claimants submitted valid opt-out requests by a Nov. 1 deadline, [...] [...]

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