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Biz Minute 12-10-15

How $52.2 million from Transocean’s Clean Water Act fines will be allocated to improve Louisiana’s coastline in this Biz New Orleans Daily Biz Minute.

Kinder Morgan Slashes Dividend 75 Percent

HOUSTON (AP) — Pipeline operator Kinder Morgan Inc. slashed its quarterly dividend by 75 percent Tuesday, saying that doing so would allow it to...

2 New Natural Gas Facilities Proposed For Louisiana, South Of New Orleans

NEW ORLEANS (AP) — Two companies are looking at building large facilities along the Mississippi River south of New Orleans where they can export...

Cheaper Oil Buoys Consumers, Hammers Producers

DALLAS (AP) — Oil prices have been lower for longer than expected. Now, with OPEC's decision to keep pumping at current levels, analysts expect...

House Backs Sweeping Energy Bill To Boost Oil, Natural Gas

WASHINGTON (AP) — Defying a White House veto threat, the Republican-controlled House on Thursday approved a sweeping bill to boost U.S. energy production, lift...

Gulf Oil Spill: Judge Fines Minority Owner $159M

NEW ORLEANS (AP) — A federal judge says a minority owner of the well that spewed 130 million gallons of oil into the Gulf...

BP Supervisor Pleads Guilty To Misdemeanor In 2010 Oil Spill

NEW ORLEANS (AP) — Manslaughter charges were dropped Wednesday against a BP supervisor responsible for safety aboard the rig where an explosion killed 11...

EPA Boosts Amount Of Ethanol In Gasoline Supply

WASHINGTON (AP) — The Obama administration is boosting the amount of corn-based ethanol and other renewable fuels in the U.S. gasoline supply despite sustained...

Shell Chemical To Spend $717M To Expand Geismar Plant

GEISMAR, LA (AP) — Shell Chemical LP will develop a new linear alpha olefins manufacturing unit at the company's Ascension Parish complex. The project...

High Court Rejects Mexican States' Lawsuit Over Gulf Spill

WASHINGTON (AP) — The Supreme Court won't hear an appeal from three Mexican states seeking damages from BP and other companies over the 2010...

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