ExxonMobil Corp. (XOM) and Citgo Petroleum Corp. are the last holdouts in an $800 million lawsuit by New Hampshire alleging that oil companies knew a chemical added to gasoline would contaminate residents’ groundwater. More »
The U.S. Federal Energy Regulatory Commission is in settlement talks with Deutsche Bank AG, which disputed $1.6 million in proposed penalties after the agency said a bank unit manipulated energy markets. More »
Encana Corp. Chief Executive Officer Randall Eresman resigned effective Friday and will be replaced by board member Clayton Woitas until a permanent successor can be named.
BP could reduce its potential maximum fine for the 2010 Gulf oil spill by $3.4 billion if a judge grants a motion BP filed Friday relating to the amount of crude spilled. More »
Shelley Anderson says Transocean waited three days to to tell her that her husband was lost in the Deepwater Horizon rig explosion. Days later, their young daughter, Lacy, said her father told her he was in heaven. Read Shelley’s victim impact statement, detailing the family’s ordeal. More »
Chevron Corp. expects fourth-quarter earnings to be “notably higher” than third-quarter profit. More »
Columnist and author Bob Woodward recently observed about Congress and the White House that we have a situation that is like permanently being in divorce course with no settlement on who gets the kids. Every day that goes by it is clear that more gridlock is the likely future for important legislation and on other […] More »
A top Obama administration official joined engineers and environmentalists Thursday in calling for a federal safety institute dedicated to keeping pace with the offshore drilling industry as it moves into deeper waters and ever-more challenging frontiers. More »
Royal Dutch Shell engineers and scientists are working on technology to extract hard-to-reach oil around the world even as they push the use of alternative fuels in transportation and try to reduce the impact their work has on the environment. More »
During Shell’s Innovation Summit this week, Shell Oil President Marvin Odum warned that a projected 50 percent increase in global food consumption by 2030 will strain the relationship between water, food and energy. More »
An empty oil tanker that crashed into the San Francisco-Oakland Bay Bridge was warned prior to striking the bridge tower, the Coast Guard said.
Swiss drilling contractor Transocean made a brief appearance Wednesday in New Orleans federal court, where a lawyer for the company was advised of the misdemeanor criminal charge the company faces in connection with the 2010 Gulf oil spill. More »