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The letters BP, inscribed in sand and oil by a Greenpeace activist, are shown on a beach at the mouth of the Mississippi River on May 17, 2010 in near Venice, Louisiana. (credit: John Moore/Getty Images)

BP Settles With Maker Of Failed Blowout Preventer

BP said it was “in their mutual best interests, and the agreement is not an admission of liability by either party.” The companies are dropping all claims against one another, they said.


(credit: Justin Sullivan/Getty Images)

Oil Giant ConocoPhillips To Split Into 2 Companies

Houston-based ConocoPhillips, the nation’s third-largest oil company, said Thursday that it will split itself into two separate publicly traded companies and its CEO and Chairman Jim Mulva plans to retire.


An Exxon gas station sign seen on June 13, 2008 in West Hollywood, California. (credit: David McNew/Getty Images)

Exxon Discovers New Oil In The Gulf Of Mexico

ExxonMobil disclosed details of an oil and gas field that could prove to be one of the largest discoveries in the Gulf of Mexico in recent years.


An oil drilling rig is seen on September 29, 2010. (credit: KAREN BLEIER/AFP/Getty Images)

Montague Grand Jury Indicts 10 People In Oil Thefts

A jury has returned 23 felony indictments against 10 people in the theft of over $1 million of oil from North Texas wells.


Obama Administration lifts Gulf Coast oil drilling moratorium

The moratorium on deep water drilling in the Gulf of Mexico has been lifted because new safety standards will make a disastrous oil spill much less likely, Interior Secretary Ken Salazar announced today.


Gulf oil rig explodes off LA coast

An offshore oil rig exploded in the Gulf of Mexico today, west of the site of the April blast that caused the massive oil spill. A commercial helicopter company reported the blast around 9:30 a.m. […]


Texas: BP Refinery Emitted Toxic Chemicals

The Texas attorney general has sued BP, charging the company illegally emitted nearly 500,000 pounds of air pollutants at its Texas City refinery for more than a month this spring.


Chesapeake Energy Plans Aggressive Move Into Oil

Chesapeake Energy Corp. CEO Aubrey McClendon says the company is aggressively moving into oil and natural gas liquids as part of a plan developed two years ago.


Mich. Oil Pipeline Shut Down For Work Before Spill

Federal regulators say a company shut down a Michigan pipeline for planned maintenance hours before 911 calls about odors in the area where a massive oil spill was reported the next day.


Gulf Oil Spill Effort Halted by Brewing Storm

A storm brewing in the Caribbean brought the deep-sea effort to plug the


BP Says Testing Process On Cap Should Begin 'Soon'

BP says it hopes to restart the testing process


Big Spill Oil Confirmed on Texas Beaches

There is now confirmation that oil from the Deepwater Horizon spill has made it to Texas.