The Deepwater Horizon oil rig burns after an explosion in the Gulf of Mexico in 2010. (AP Photo/Gerald Herbert, File)

BP, Macondo contractors resolve oil spill claims against each other

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Halliburton CEO Dave Lesar said the agreement closes out another chapter in the Gulf of Mexico saga for the oil field service company and restores its relationship with BP, one of its customers.
In this March 31, 2015 photo, a supply vessel crosses an oil sheen drifting from the site of the former Taylor Energy oil rig in the Gulf of Mexico, off the coast of Louisiana. The New Orleans-based company has downplayed the leak's environmental impact, likening it to scores of minor spills and natural seeps that the Gulf routinely absorbs. (AP Photo/Gerald Herbert)

Gulf oil leak records cannot be kept secret, US judge says

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An Associated Press investigation recently revealed evidence that the leak at the site of the toppled platform is worse than Taylor or government regulators had publicly reported.
APTOPIX California Oil Spill

Efforts underway to scrub spilled oil from California coast

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Workers from an environmental cleanup company strapped on boots and gloves and picked up shovels and rakes to tackle the gobs of goo stuck to sand and rocks along Refugio State Beach on the southern Santa Barbara County coast.
(Lucas Schifres/Bloomberg)

Encana loses control of well in Karnes County, homes evacuated

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The Karnes County Sheriff’s Department on its Facebook page said that FM 792 between FM 719 and Texas 80 is closed until further notice.
BHP Chief Executive Officer Andrew Mackenzie speaks during a news conference in Sydney, Australia. (Ian Waldie/Bloomberg)

BHP Billiton to pay $25 million to settle SEC’s FCPA allegations

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BHP Billiton Ltd. will pay $25 million to settle U.S. Securities and Exchange Commission claims that it violated the Foreign Corrupt Practices Act when it sponsored the attendance of foreign government officials at the 2008 Summer Olympic Games in Beijing.
California Oil Spill

4-mile oil slick lines California coast after pipeline spill

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Initial estimates put the spill at about 21,000 gallons Tuesday, but that figure would likely change after a Wednesday morning flyover gave a better sense of the spill’s scope, U.S. Coast Guard spokeswoman Jennifer Williams said.
Petrol Prices At U.K. Gas Stations As Price Of Oil Continues To Fall

One place in the U.S. where gas is still expensive

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Drivers on the East Coast, hooked up by pipelines to a bounty of supply from Texas and Louisiana refineries, are paying a record 88 cents a gallon less than their western counterparts, weekly Energy Information Administration data show.
(Kristian Helgesen/Bloomberg)

Norway’s prime minister relieved as nation avoids crisis of sub-$45 crude

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Brent crude, the lifeblood for a nation that depends on petroleum for about 20 percent of its economic output, has rallied more than 40 percent since a Jan. 13 low of about $45.
A United Steelworkers Union member pickets outside Marathon Petroleum Company's Galveston Bay Refining Division on Tuesday, March 3, 2015, in Texas City. ( Mayra Beltran / Houston Chronicle )

Fuel company settles claims over air emissions in 3 states

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The federal government said Marathon failed to comply with some fuel quality emissions standards along with record keeping, sampling and testing requirements.
Brazil's President Dilma Rousseff (L) shakes hands with workers of Brazilian state-run oil giant Petrobras at Petrobras's shipyards in Rio de Janeiro, on September 11, 2013. (VANDERLEI ALMEIDA/AFP/Getty Images)

China throws multi-billion dollar lifeline to scandal-plagued Petrobras

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Deals signed during the visit of Premier Li Keqiang coincide with Brazilian President Dilma Rousseff’s efforts to kick-start an economy that is forecast to contract 1.2 percent this year, its worst performance in a quarter-century.