Judge to hold hearing on Gulf oil spill settlement

A federal judge in New Orleans is set to preside over a hearing on a proposed class-action settlement that would resolve billions of dollars in claims against BP over the 2010 oil spill in the Gulf of Mexico.  More »

Senator: Report shows Alaska profitable for oil

An Anchorage senator says the $616 million ConocoPhillips earned in Alaska during the first quarter of 2012 shows the state’s a highly profitable place to produce oil.  More »

‘Fracking’ advocates, critics gearing up in Mich.

The fight over hydraulic fracturing is coming to Michigan, along with a significant environmental test for the Great Lakes state’s Republican governor.  More »

Mack attack ad blasts Nelson, Obama pipeline call

U.S. Rep. Connie Mack IV blasted U.S. Sen. Bill Nelson in a radio campaign ad Tuesday for going along with President Obama’s decision opposing the Keystone XL pipeline project that would carry oil through the nation’s midsection.  More »

Solar panels cause clashes with homeowner groups

The government wants you to install solar panels at your house, and will even give you a tax break to do it. But your neighbors? Maybe not.  More »

San Bruno to consider tearing out deadly gas pipe

Officials in San Bruno are considering ordering sections of the pipeline that caused a deadly explosion in 2010 to be ripped out of the neighborhood it set aflame.  More »

U.S. gasoline prices now cheaper than a year ago

Drivers in the Midwest and Great Lakes states are seeing the biggest drop in gasoline prices.  More »

Baker Hughes 1Q profit dips, but tops Street

Baker Hughes Inc.’s first-quarter profit slipped as its costs and expenses climbed, but its performance still beat Wall Street’s expectations.  More »

Shrimp processors object to BP settlement terms

A group of Gulf Coast shrimp processors asked a federal judge Monday to hold off on giving his preliminary approval to portions of BP’s proposed class-action settlement of economic damage claims spawned by the 2010 oil spill in the Gulf of Mexico.  More »

Iran talks won’t halt oil sanctions, Societe Generale says

Negotiations to halt Iran’s nuclear-enrichment program will probably fail, setting the stage for full implementation of U.S. and European Union sanctions against the nation’s oil exports, Societe Generale SA (GLE) said.  More »

Shell raises bid for Cove Energy to $1.8B

Royal Dutch Shell PLC has increased its bid for Britain’s Cove Energy PLC, which has assets in Kenya, Tanzania and Mozambique, to around $1.8 billion in cash.  More »

Official: Iran oil industry safe after cyberattack

An Iranian official says the country’s oil industry is working well despite an attack from hackers and a computer virus that targeted the sector’s computer systems.  More »