The chief executive of the company that owned the Deepwater Horizon oil rig acknowledged in court on Tuesday that his crew should have done more to avert the 2010 oil well blowout that left 11 dead

President Obama on Monday named two people to his cabinet who will be charged with making good on his threat to use the powers of the executive branch to tackle climate change and energy policy if

A Brazilian judge dropped criminal charges against Chevron Corp, Transocean Ltd and 17 of their employees related to a November 2011 offshore oil spill, the companies said on Wednesday.

Court reduces company's maximum fine a week before trial over blowout that dumped millions of gallons of oil into Gulf of Mexico

BP could be nearing a settlement of federal claims with the U.S.

A draft document by the Arctic Council fails to define liability for accidents in an icy region opening up due to global warming

A federal judge in New Orleans on Tuesday approved an agreement between BP and the Justice Department for the company to plead guilty to 14 criminal charges and pay $4 billion in penalties for the

New Delhi: Petroleum ministry knocks on investment body’s door for clearances

Move would benefit RIL, Cairn, BP, BHP Billiton and ONGC. The petroleum ministry is set to approach the Prime Minister-led Cabinet Committee on Investment (CCI) for fast-tracking the approvals for 20 offshore exploration blocks, held up for want of defence ministry clearances, despite the firms having signed production-sharing contracts. The move would benefit Reliance Industries, Cairn, BP and BHP Billiton, apart from public-sector ONGC.

A committee headed by C Rangarajan, the head of the Prime Minister’s Economic Advisory, has suggested linking the price of domestically-produced natural gas to international benchmarks such as US’

BP Plc will pay $4.5 billion in penalties and plead guilty to criminal misconduct in the Deepwater Horizon disaster, which caused the worst U.S. offshore oil spill ever.