Oil and Gas

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“Byzantine” is the word members of the nominating committee for the local flood protection authority often use to describe the complicated, multi-layered matrix of qualifications that must be met to fill a vacancy on that board.

The future of the coastal loss lawsuit could rest in hands of board’s nominating committee.

Royal Dutch Shell has agreed to sell drilling rights in shale formations in Louisiana and Wyoming for $2.1 billion in two transactions.

1,588 rigs were exploring for oil and 316 for gas. Four were listed as miscellaneous. A year ago there were 1,778 active rigs.

A south Louisiana flood board has launched a legal fight against a new state law aimed at retroactively killing a lawsuit filed last year over coastal damage attributed to oil and gas drilling.

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