Oil and Gas

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A disturbing trend has taken hold of academia in recent years as Big Oil exerts more and more influence on scholarly research.

Freeport-McMoRan Oil & Gas's high bids made up 37 percent of the $850.8 million total at Wednesday's federal oil lease sale for the central Gulf of Mexico.

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Equipment includes more than 3,500 new and late model units valued at more than $250 million.

Creditors who fought initial bankruptcy exit plan sign off on new liquidation proposal, which does not protect company founder Mike Moreno from future lawsuits.

Biennial oil and gas trade show, which last year hosted 416 exhibitors and 17,000 attendees from 47 states and 43 countries, is set for Oct. 27-29, 2015.

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