Oil and Gas

The owners of the blown-out Macondo well cannot avoid federal fines for the 2010 oil spill by blaming another company's failed equipment, a federal appeals court ruled Wednesday.

"The language proposed in SB 469 is vaguely broad and since it deals with the elimination of causes and rights of actions which protect Louisiana, I recommend that it be vetoed," Attorney General James Caldwell told the governor in a letter dated Tuesday.

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Twenty-three eminent law scholars from universities nationwide say Gov. Bobby Jindal could jeopardize billions in BP damage claims if he signs Senate Bill 469 into law.

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University becomes first-ever to twice win top honor in contest sponsored by the American Association of Petroleum Geologists.

Despite leading the charge going into this year’s legislative session to kill the New Orleans levee board lawsuit against 97 oil and gas companies, Gov. Bobby Jindal, with the only bill to make it through both the House and Senate now sitting on his desk awaiting his signature, has postponed a final decision.

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