Monday, April 7, 2025

BP Deepwater Horizon Lawsuit Settlement Receives Final Approval

A federal judge has granted final approval of BP’s settlement over claims related to the 2010 Deepwater Horizon oil spill in the Gulf of Mexico for $20.8 billion. The Deepwater Horizon rig explosion killed eleven workers and millions of gallons of oil spilled into the Gulf of Mexico. The settlement was reached with the federal government and state authorities in

More Proof that Natural Gas has Overtaken Coal

New data from the EIA confirms the upswing of natural gas as the number one fuel for electricity generation in the U.S. “Last year marked the first time on record that the average capacity factor of natural gas combined-cycle plants exceeded that of coal steam plants,” the EIA reported yesterday. The capacity factor of the U.S. natural gas combined-cycle fleet

Colorado Energy Law Fallout: Boulder County Enacts Emergency Oil and Gas Moratorium through Q1 2020 - Oil & Gas 360

Colorado House Votes Down Local Oil and Gas Control Bill

Two House Democrats joined Republicans in stopping the bill Two Colorado House Democrats, Representatives Paul Rosenthal and Ed Vigil, joined House Republicans in stopping HB 1355 Monday. In a form that passed out of committee last month, HB 1355 granted cities and counties new powers to limit the location of drilling rigs through zoning. Realizing that the bill would not

U.S. Posts $1.9 Billion Trade Surplus with OPEC in February

U.S. posts trade surpluses with OPEC in 10 of the last 12 months as oil prices remain low; a U.S. surplus with OPEC has only happened three times in past 30 years Data released from the U.S. Census Bureau showed a record-setting trade surplus with OPEC for the month of February. Cheap oil, a strong dollar and slow growth abroad