oil well News

Texas Court Erases $13M From Jury Award for Offshore Oil Well Claim

A Texas appellate court shaved $13.6 million off of a jury’s award against Lloyds’ of London syndicates to the owner of a Gulf of Mexico oil well and platform that was destroyed by Hurricane Rita in 2005. The 1st District …

Reports Show 236 New Mexico Oil, Gas Sites Failed Inspections

About 85 percent of 276 oil and gas well sites inspected in southeastern New Mexico over the past six weeks have failed to pass after-the-fact electrical safety inspections. Correction notices were issued to those sites that received a “failed” grade. …