The continuing uncertainty over BP’s remaining liabilities from the 2010 Gulf of Mexico oil spill isn’t a major influence on the individual exploration and production projects it is choosing to do around the world, even in the face of cost inflation for materials and services, a company executive says.  More »

BP says the amount of money it will spend on early restoration projects to repair damage to the environment caused by the 2010 Gulf of Mexico oil spill has now reached $665 million, more than half of the up to $1 billion it committed two years ago to spend.  More »

Kenneth Feinberg, the Washington lawyer who previously ran the compensation fund for victims of the 2010 Gulf of Mexico oil spill, will head up a fund for victims of last month’s Boston Marathon bombings.  More »

Transocean said Friday that dissident shareholder Carl Icahn’s three nominees to serve on the company’s board are “captive to his misguided agenda” in a regulatory filing that stepped up the war of words between the Swiss drilling contractor and the billionaire investor.  More »

Environmentalists have filed a lawsuit to force federal regulators to review the way they calculate emissions from petrochemical plants, oil refineries and other large industrial facilities.  More »

A federal judge has barred prosecutors at the trial of a former BP engineer charged with obstruction of justice in connection with the investigation of the 2010 Gulf of Mexico oil spill from telling jurors he was suspended from his job and that he retained a personal attorney.  More »

An attempt by Ecuadorian villagers to have a Canadian court enforce a $19 billion judgment against multinational oil giant Chevron Corp has been dismissed by the Ontario Superior Court.  More »

Another independent shareholder advocacy group has come out against billionaire investor Carl Icahn’s proposal for Swiss drilling contractor Transocean to issue a $4-a-share dividend.  More »

A judge has ordered BP to turn over to the U.S. government and Transocean some previously withheld documents that involve discussions by its lawyers about how to prepare the company’s responses to investigative inquiries about the amount of oil that was flowing after the 2010 Gulf of Mexico disaster.  More »

Cameron International Corp. is being sued by Chesapeake Energy Corp. for alleged wellhead equipment failure.  More »

One of Carl Icahn’s three nominees to serve on Transocean’s board has been dogged for nearly a decade by a criminal complaint in Spain that accuses him of taking part in a multi-million dollar fraud against employees of a company where he used to be an executive.  More »

Swiss drilling contractor Transocean Ltd. is defending its board and business strategy anew amid a corporate governance advocacy group’s support for two of the three directors being put forth at the company’s annual meeting by dissident shareholder Carl Icahn.  More »