U.S. prosecutors are arguing that BP should have to pay all of the $13.7 billion in Clean Water Act fines for the disaster, which killed 11 workers and spilled millions of barrels of oil into the Gulf. More »
The former U.S. secretary of state was to headline events in Winnipeg, Manitoba, and Saskatoon, Saskatchewan, in her first public speeches of 2015, a day after President Barack Obama delivered his State of the Union address. More »
Citgo Petroleum Corp. is planning to raise $2.5 billion and transfer the funds to its cash-strapped corporate parent, state-owned Petroleos de Venezuela SA, according to a person with knowledge of the matter, Bloomberg News reports. More »
Gushing oil in the Gulf of Mexico caused serious and widespread sociocultural destruction in Louisiana and other states and exacerbated inequality in a region marked by economic immobility, the U.S. government’s second witness in BP’s oil spill case said Tuesday. More »
Coast Guard Rear Admiral Meredith Austin noted that BP personnel had inappropriately packed up equipment at various branches of the response effort before the runaway Macando well was finally killed in September. More »
Schlumberger will spend about $1.7 billion for a minority stake in a big Russian energy company at a time when the country’s relations with the West are under strain and as energy prices hit multiyear lows More »
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