Republicans and industry groups came out swinging at President Obama, accusing him of exaggerating the his administration’s role in boosting domestic oil production and contended current policies are impeding oil-and-gas development offshore and on federal lands.
ConocoPhillips said Wednesday that it and China National Offshore Oil Corp. reached a $160 million agreement to settle compensation claims from oil spills off northeastern China. More »
President Obama made the case Tuesday night for producing more of the United States’ energy supplies domestically in pursuing an “all-of-the-above” approach to further bolster the economy and national security. More »
A nonjury trial will begin Feb. 27 to determine which companies share blame for the explosion.
Chevron Corp. says it is still trying to extinguish a nine-day old fire that consumed the visible part of its rig off Nigeria’s coast and killed two foreign workers. More »
BP has told the city of Gulfport, Miss., that it has no documents to support a claim for $11.8 million in compensation for community damages from the Deepwater Horizon oil-rig explosion and spill. More »
BP did not prove that it had been “prejudiced” by Halliburton’s actions, a judge ruled Friday. More »
Chevron Corp. says it is still trying to extinguish a five-day old fire on its rig off Nigeria’s coast after presuming two foreign workers dead. More »
BP, Transocean and Anadarko Petroleum Corp. should be found liable before trial for violations of federal pollution laws stemming from the April 2010 Gulf of Mexico oil spill, lawyers for the U.S. argued at a hearing in federal court in New Orleans. More »
A massive oil rig has arrived in Cuban waters and is set to begin exploring for undersea crude. More »
BP Plc (BP/), the operator of the Macondo well that caused the worst U.S. oil spill in the Gulf of Mexico in 2010, may reach a settlement with the U.S. for as much as $25 billion, Morgan Stanley said. More »
Federal and state officials have presented plans to hold BP to its promise to make the Gulf whole in the wake of the 2010 oil-spill disaster. More »