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Settlement of $211M reached in Gulf oil spill

...Wednesday with Transocean Ltd., owner of the ill-fated Deepwater Horizon drilling rig.In a separate development, oil giant BP - which leased the rig from Transocean - reached settlements resolving years of complicated spill-related litigation...
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Alaska village pulls out of lawsuit that stalled drilling

...affirming the lease sale.Affirmation by Jewell would allow formal review of Shell's new exploratory drilling plan. The oil giant has not said whether it will drill in the Chukchi in 2015 if it receives the federal OK.
Lawmakers hold private gas project meetings

...natural gas could cost more than $65 billion and includes partnerships among the state, pipeline builder TransCanada and oil giants ExxonMobil, ConocoPhillips and BP. Selling the state's reserves of natural gas is considered crucial for an oil-dependent...
My Turn: Maximum benefit to people or favored corporations?

...University of Alaska) is already reeling from loss of revenue. Despite years of low overhead and high profits, the oil giants cannot let this moment slip away. The industry's leverage in Juneau has never been greater. Two Republican legislators...
Are low oil prices good for the environment?

...3 billion last week because demand for its rigs has fallen. Its shares are down 42 percent since June.The Norwegian oil giant Statoil announced in late September that it would shelve plans to develop a project in Canada that would have produced...
Regulators seek details on Shell Arctic drill plan

...details about possible plans to drill in the Chukchi Sea next year.The application to drill will not be complete until the oil giant provides additional information in its 2014 Chukchi Exploration Plan, Alaska Public Radio Network reported.The Bureau...
Oil investment - bring it on, and hopefully it's only a start

...the second, the following year. According to AP, it's not yet clear how many new wells will be drilled. But the oil giant says BP plans to do more work, starting this fall, to make production more efficient.It's too early to tell, they...
Salazar announces 'targeted leasing' in Arctic

...Alaska Natives. Their lawsuits and permit appeals have prevented Shell Oil from drilling in the Chukchi Sea, where the oil giant spent $2.1 billion on leases in 2008. Shell also holds older leases in the Beaufort Sea and hopes to drill exploratory...
BP pays Senate candidate's firm more than $1M

ANCHORAGE - A state Senate candidate has released a list of his civil engineering firm's clients that show oil giant BP as the biggest client.Bob Bell says that will not influence how he votes if he's elected.Bell, founder and chief executive...
BP agrees to pay $4.5B; 3 employees charged

...A day of reckoning arrived for BP on Thursday as the oil giant agreed to plead guilty to a raft of criminal charges and...appears to be well within BP's means, considering the oil giant made a record $25.8 billion in profits last year...
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