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.
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.
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.
A jury has returned 23 felony indictments against 10 people in the theft of over $1 million of oil from North Texas wells.
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.
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. […]
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 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.
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.
A storm brewing in the Caribbean brought the deep-sea effort to plug the
BP says it hopes to restart the testing process
There is now confirmation that oil from the Deepwater Horizon spill has made it to Texas.