In this Thursday April 2, 2015, handout photo provided by Petroleos Mexicanos (Pemex), emergency boats works to put out a fire at the Abkatun-A Permanente shallow-water oil platform in the Campeche Sound. Three workers are missing following the huge blaze on the platform in the Gulf of Mexico that killed four workers and burned for hours, Mexico's state oil company said Thursday. (AP Photo/Pemex)

Fire, oil leak reported at Pemex offshore oil rig

The accident at the Akal-H platform is Pemex’s third since April 1, when seven people died in a fire at the Abkatun A- Permanente platform. Two other workers died last month when a jack-up rig operated by Typhoon Offshore SAPI de CV collapsed in the Campeche Bay.

Vantage Energy said to explore sale after scrapping IPO in 2014

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.
(AP Photo/Oded Balilty, File)

White House report says action on climate change could save thousands of lives

The report comes as Republicans in Congress seek to undo the administration’s environmental policies, including an expected plan by the Environmental Protection Agency to target coal-fired power plants, and days after Pope Francis issued a dire warning about global warming’s consequences, especially for the poor and under-developed nations.
This July 8, 2013 file photo provided by Surete du Quebec, shows debris from a runaway train in Lac-Megantic, Quebec, Canada. (AP Photo/Surete du Quebec, The Canadian Press,File)

New charges brought in 2013 Quebec oil train disaster

Regulatory agency Transport Canada announced the charges Monday after an investigation found an insufficient number of handbrakes were applied and the handbrakes were not tested properly.

Speculators retreat from oil as OPEC oversupply crowds out shale

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.

Southern Ute tribe challenges new federal fracking law

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

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

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. […]
The deputy director of the Malaysian Maritime Enforcement Agency, Ahmad Puzi Abdul Kahar, show a picture of missing tanker during a press conference in Kuala Lumpur, Malaysia, Monday, June 15, 2015.  Marine police say the Malaysian oil tanker MT Orkim Harmony that went missing last week carrying fuel worth 21 million ringgit ($5.6 million) and 22 crew members was probably hijacked by pirates. (AP Photo/Vincent Thian)

Hijacked Malaysian oil tanker rescued, pirates flee

The maritime agency said the hijacking was believed to be the work of a syndicate targeting vessels for their cargos of fuel. It said this was the fifth theft in waters off southern Malaysia this year.
Brazilian Marcelo Odebrecht, president of Odebrecht construction company, which is related to the construction of infrastructure for the Olympic Games Rio 2016, delivers a speech during a conference in the framework of the "Mexico Business Summit" in Queretaro, Mexico, on November 12, 2012. Odebrecht was arrested on charges related to Brazilian state-owned oil company Petrobras corruption scandal on June 19, 2015. (RONALDO SCHEMIDT/AFP/Getty Images)

Top Brazil conglomerate CEOs detained in Petrobras scandal

The Odebrecht and Andrade Gutierrez conglomerates include two of Latin America’s largest building companies. Petrobras has said it was hoodwinked by a few of its employees who allegedly took bribes from a cartel of construction companies and shared the proceeds with politicians.