Oil and Gas

Lawyers for dozens of oil, gas and pipeline companies are heading to court to make their case for dismissal of a lawsuit filed by a south Louisiana levee board.

U.S. District Judge Carl Barbier (BAHR'-byay) issued the ruling Monday, turning back BP's arguments that Patrick Juneau should be removed for a variety of reasons.

BP and its minority partner in the Macondo well, Anadarko Petroleum Corp., have a request pending for the full 15-member court to reconsider the issue.

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Two privately held Texas oil companies that were among nearly 90 defendants named in the New Orleans levee board's landmark environmental lawsuit have settled.

oil prices carouselLower oil prices, while good for the broader U.S. economy, are a threat to what has been a surprising and dramatic surge in oil production in the U.S.

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