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Associated Press

Oil flows out of the top of the transition spool, which was placed into the gushing Macondo wellhead at the site of the Deepwater Horizon oil spill in the Gulf of Mexico in July 2010. AP Photo/BP PLC, File)

Plan OK’d to drill into BP’s ill-fated Macondo reservoir

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A privately owned Louisiana firm will be looking to extract oil and gas deep under the Gulf of Mexico’s seafloor, an undertaking that proved catastrophic for BP.
The Deepwater Horizon drilling rig burns in the Gulf of Mexico on April 21, 2010, the day after the blowout of BP's Macondo well. (Associate Press photo)

Drilling set to resume near site of BP’s blowout in Gulf

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A Louisiana-based oil company, LLOG Exploration Offshore, plans to drill into the Macondo reservoir.
(AP Photo/Bruce Crummy, File)

Oil industry challenges rules meant to stop train explosions

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The American Petroleum Institute petitioned the U.S. Circuit Court of Appeals in Washington, D.C. to block a requirement that railroad tank cars known to fail be phased out or upgraded.
Categories: Accidents, Rail
(Photo by Robert Nickelsberg/Getty Images)

Patriot Coal files for Chapter 11 bankruptcy protection

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Patriot said it will continue shipping and mining operations and it has received a commitment for $100 million in debt financing from secured debt holders that it did not identify. It did not specify potential buyers for the company.
Angela Spotts, right, of Stillwater, Okla., signs into the visitors' log at the office of Oklahoma Gov. Mary Fallin, in photo at center, after delivering petitions calling for a moratorium on the use of wastewater disposal wells by the oil and natural gas industry in areas where they may trigger earthquakes, in Oklahoma City, Monday, May 11, 2015. Fallin was not available to accept the petitions. Looking on at left is Gwen Ingram of Drumright, Okla. (AP Photo/Sue Ogrocki)

Oklahoma coalition wants well moratorium in earthquake areas

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Coalition members delivered 1,500 signatures to Gov. Mary Fallin’s office seeking a moratorium on the use of high-volume, high pressure disposals wells in 16 counties that the Oklahoma Corporation Commission, which regulates the oil and gas industry, has identified as “areas of interest” because of earthquake activity.
(AP Photo/Mark Lennihan, File)

Morgan Stanley selling oil storage and transport business

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NEW YORK — Morgan Stanley is selling its oil storage and transport business, which has drawn scrutiny from Congress, to commodities trading company Castleton. Castleton is buying oil terminal storage agreements, inventory, oil purchase and sale and supply deals, and freight shipping contracts. The companies say they hope to complete the deal in 2015. They […]
(AP Photo/Gerald Herbert, File)

Appeals court opens door to some BP settlement appeals

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The appeals court in New Orleans late Friday ordered a lower court judge to change a procedure that effectively blocked appeals. And the appeals court told the judge to reconsider a rule barring BP from appeals regarding the calculation of a business’ losses that are based on the way revenues and expenses are matched.
New York State Troopers stand at the main entrance of the Indian Point nuclear power plant Saturday May 9, 2015. (AP Photo/Craig Ruttle)

Reactor at New York nuclear plant that spilled thousands of gallons of oil could be offline for weeks

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Several thousand gallons of oil spilled into the Hudson River after a Saturday transformer fire on the non-nuclear side of the Indian Point plant.
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New York State Troopers stand at the main entrance of the Indian Point nuclear power plant Saturday May 9, 2015, after a transformer failed at New York's Indian Point 3 nuclear power plant, causing a fire that has been extinguished in Buchanan, N.Y. A spokesman for Entergy says the unit has shut down automatically and is safe and stable. (AP Photo/Craig Ruttle)

Nuclear plant fire results in Hudson River oil spill

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Part of a New York nuclear power plant remained offline Sunday after a transformer fire created another problem: thousands of gallons of oil leaking into the Hudson River, officials said.
New York Gov. Andrew Cuomo said emergency crews were out on the water near Buchanan trying to contain and clean up transformer fluid that leaked from Indian Point 3.
In this photo take Friday, April 17, 2015, a group of kayakers rafted together work to pull up a protest sign as they practice for an upcoming demonstration against Arctic oil drilling, in Elliott Bay in Seattle. (AP Photo/Elaine Thompson)

Firm to appeal decision on Port of Seattle permit

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Foss Maritime plans to appeal Seattle’s position that Royal Dutch Shell can’t use the Port of Seattle’s Terminal 5 under the existing permit.