A federal judge has outlined a new structure for a trial of Gulf oil spill claims that wouldn’t be resolved by a proposed class-action settlement between BP PLC and a team of plaintiffs’ attorneys. More »
Brazilian prosecutors said Wednesday that they asked a court to force oil company Shell and the world’s largest chemical company, BASF, to immediately pay $500 million into a compensation fund for hundreds of workers who may have been contaminated at an agricultural chemicals plant. More »
Chevron, Baker Hughes and Chile’s state-owned Enap Sipetrol SA plan to bid in an auction offered by Petroleos Mexicanos to develop offshore and onshore mature fields, the Mexican state company, known as Pemex, said today on its website. More »
U.S. crude inventories probably climbed to the highest level in almost 22 years as the reversal of the Seaway pipeline proved insufficient to alleviate a glut in the central part of the country, a Bloomberg survey showed. More »
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