Delta Air Lines Inc. (DAL), whose daily 2011 fuel bill was $32 million, may buy a ConocoPhillips (COP) refinery to help save 10 percent on a significant portion of its fuel needs, a person familiar with the matter said. More »
Shares in Royal Dutch Shell PLC have fallen more than 4 percent in European trading after the company said a “light sheen” of oil had been seen in the general area of two of its production facilities. More »
Federal officials are investigating reports of a light oil sheen in the central portion of the Gulf of Mexico. Shell told federal officials about the sheen, which is located between two of its projects 130 miles southeast of New Orleans. More »
Prosecutors and the owner of the rig that exploded and led to the massive 2010 Gulf oil spill were to argue in court over whether the company should honor subpoenas from a federal board investigating the accident. More »
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