Oil and Gas

The U.S. Attorney in New Orleans says a Slidell man has pleaded guilty to fraud in connection with a claim he filed related to the 2010 Gulf of Mexico BP oil spill.

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A state judge in Baton Rouge ruled Monday that Louisiana's Legislature missed its mark when it passed a bill seeking to halt a south Louisiana flood board's lawsuit against dozens of oil, gas and pipeline companies over coastal damage.

Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by nine this week to 1,922.

BP has asked a federal judge to reconsider a ruling that could cost the oil giant around $18 billion in additional fines stemming from the 2010 Deepwater Horizon oil rig explosion.

The U.S. rig count peaked at 4,530 in 1981 and bottomed at 488 in 1999.

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