PDVSA has slowed payments off and on for years.  More »

A judge said the suit was based on “flawed premises.”  More »

Congress intended to centralize oversight of futures contracts in the CFTC, the court said.  More »

The government said supplies of natural gas are nearly 20 percent below year-ago levels.  More »

BP says claims paid so far under a settlement with Gulf Coast businesses and residents have been higher than expected.  More »

Billionaire investor Carl Icahn proposed three new Transocean board candidates and said he’d push for a higher dividend after the world’s largest rig contractor offered what he termed a “meager” shareholder payout. The company called his plan “overly aggressive.” Icahn, the largest shareholder in the Vernier, Switzerland-based company, proposed John Lipinski, Jose Maria Alapont and [...]  More »

The rig’s crew misinterpreted results of negative pressure, an oil drilling expert said.  More »

A retired BP employee testified he never felt pressure to sacrifice safety to save money.  More »

Exxon Mobil’s production fell 6 percent last year, but the company still earned $44.9 billion.  More »

Royal Dutch Shell will announce plans Tuesday for two new plants it says will double the nation’s supply of liquefied natural gas.  More »

In his February 1 article on Reason.com, Ron Bailey writes, “To the extent we live in a ‘post-truth’ era” lobbying policy-makers “is in good measure because it pays so well to dissemble, exaggerate, and spin for government grants and favors.”  If he had written that today, he might have been referring a recent Wall Street Journal opinion [...]  More »

Transocean last reported a profitable fourth quarter in 2009.  More »