Posts Tagged ‘petroleum’

Texas company buys Tuscaloosa Marine Shale leases

SOUTHWEST MISSISSIPPI — Comstock Resources is leasing 53,000 acres in Louisiana and Mississippi to look for oil. The company, based in Frisco, Texas, is paying $54.5 million for the leases. They cover parts of the Tuscaloosa Marine Shale formation in Mississippi’s Wilkinson and Amite counties and Louisiana’s East Feliciana and St. Helena parishes. Comstock says […] [...]

Refinery explosion claims a life; investigation underway

by Associated Press Published: November 17,2013

Tags: Chevron Mississippi, Cracking II Processing Unit, explosion, fatality, fuel gasoline, investigation, petroleum

PASCAGOULA — Authorities are investigating the cause of an explosion and fire at a southern Mississippi refinery Friday that killed one worker. An operator at the Cracking II Processing Unit died after something detonated inside a furnace and sparked a fire, Chevron Mississippi general manager Tom Kovar said. The operators were outside the furnace at […] [...]

Callon Petroleum selling Gulf asset for $100M

NATCHEZ — W&T Offshore Inc. plans to buy Callon Petroleum Co.’s shares of Gulf of Mexico oil and gas fields for $100 million. Callon announced the sale Thursday. It’s supposed to close by Nov. 30. Houston-based W&T will buy a 15 percent share of the Medusa field, which produces about 1,000 barrels of oil per […] [...]

After drilling issues, Goodrich pumping oil in Tuscaloosa Marine Shale

WILKINSON COUNTY — Goodrich Petroleum Corporation of Houston, Texas, has completed its CMR-Foster Creek 20-7H-1 well in the Tuscaloosa Marine Shale in Wilkinson County. According to the company, the well was successfully drilled with a 6,200 foot lateral and fracture stimulated with 23 stages but encountered completion issues while drilling out the frac plugs with […] [...]

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 […] [...]

BP wants wants cut in oil spill settlement budget

NEW ORLEANS — BP has urged a federal judge to reject a $111-million budget request by the court-supervised administrator of the company’s multibillion-dollar settlement with Gulf Coast businesses and residents following its 2010 Gulf oil spill. In a court filing yesterday, BP attorneys said claims administrator Patrick Juneau refused to cut his office’s fourth-quarter budget […] [...]

Interstate pipeline complete, transporting fuel to eastern U.S.

COLLINS — Construction of the approximately 141-mile, 16-inch diameter Parkway Pipeline, a 50-50 joint venture between Kinder Morgan Energy Partners, L.P. and Valero Energy Corp, is complete and is now transporting refined petroleum products from refineries in Norco, La., to an existing petroleum transportation hub in Collins, owned by Plantation Pipe Line Company. From this […] [...]

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 […] [...]

Judge refuses to suspend oil spill settlement payments

NEW ORLEANS — A federal judge has rejected BP’s latest request to suspend settlement payments to Gulf Coast residents and businesses while former FBI Director Louis Freeh leads an independent investigation of the program, which compensates victims of the company’s 2010 oil spill. U.S. District Judge Carl Barbier’s order today says an internal probe by […] [...]

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