(Carla Gottgens/Bloomberg)

How the European oil industry decided to save the climate

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As BP Chief Executive Officer Bob Dudley recalls, it all started with himself and his peers from Statoil, Total and Royal Dutch Shell, on stage at the forum debating their response to the climate change challenge.
A man takes in pictures the A. P. Moller-Maersk Group Eugen Maersk ship, the world?s largest 397 m long container vessel, on February 20, 2008 in the French harbor of Le Havre, western France. AFP PHOTO ROBERT FRANCOIS (Photo credit should read ROBERT FRANCOIS/AFP/Getty Images)

APM Terminals to close operations, cut more than 100 port jobs near Houston

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In a letter to the Texas Workforce Commission, Scott Reiss, head of human resources for APM Terminals in the U.S., said the company is permanently shutting down its operations at East Barbours Cut Boulevard by July 24 and eliminating 109 jobs in the process.
MARCELLUS SHALE

Vantage Energy said to explore sale after scrapping IPO in 2014

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The Englewood, Colorado-based company is working with Barclays Plc to find a buyer, said the people, who asked not to be identified because the information is private.
(Jason Alden/Bloomberg)

Gulf spill debt could hit BP hard over next few years, says ratings agency

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A federal judge in New Orleans could rule at any time on BP’s oil spill penalties, which could rise as high as $13.7 billion. BP has set aside just $3.5 billion for the fines, but Fitch said its rating adjustment assumes the judge will hand down the highest-possible penalty.
(Photographer: Daniel Acker/Bloomberg)

Energy Transfer not backing off $48 billion Williams bid

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Energy Transfer isn’t abandoning its bid to buy midstream giant Williams Cos., despite a public rebuke of its $48 billion offer Sunday.
(ALEXANDER KLEIN/AFP/Getty Images

Speculators retreat from oil as OPEC oversupply crowds out shale

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Saudi Arabia, OPEC’s biggest member, is ready to produce more oil if demand rises, Oil Minister Ali-Al Naimi said June 18. It has 1.5 million to 2 million barrels a day of spare capacity, he said.
(Daniel Acker/Bloomberg)

Williams exploring options after rejecting possible acquisition

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Tulsa, Oklahoma-based Williams said it was offered an unsolicited, all-equity deal worth $64 per share.
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Southern Ute tribe challenges new federal fracking law

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The rule, which is set to go into effect Wednesday, also is the subject of lawsuits filed earlier this month, including a joint suit by the states of Colorado, Wyoming and North Dakota, as well as another filed by the Western Energy Alliance and Independent Petroleum Producers on behalf of 46 trade associations and royalty-owners groups.
Shoreline Cleanup Assessment Technique team members, left, evaluate oil coverage as a hand crew worker scraps areas affected by an oil spill at Refugio State Beach, north of Goleta, Calif., on Wednesday, June 10, 2015.  (AP Photo/Damian Dovarganes)

Workers clean up oil spill on California beaches by hand

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The painstaking task at Refugio State Beach marks a new front in the cleanup after an underground pipeline leaked last month.
(Photo by Eddie Seal for Bloomberg News)

Eagle Ford production dips, but barely

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Oil production from the Eagle Ford Shale in South Texas dipped by 6,000 barrels per day in May, according to Bentek Energy. But the field was still producing about 1.6 million barrels per day, about 21 percent higher than the same month last year. In April, Eagle Ford production also dipped by 8,000 barrels per day. […]