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The federal agency cited BP's "lack of business integrity" in dealing with the 2010 Gulf oil spill. The London-based oil giant agreed to plead guilty to criminal misconduct in the case and also agreed to pay a record $4 billion in penalties.
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A Texas oil company is still searching for a missing worker near a burned platform off the Louisiana coast. The company is using dive teams and a…
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The body of one of two missing oil rig workers has been found near the offshore platform that caught fire in the Gulf of Mexico. The oil company says…
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The Coast Guard has called off a search for two men missing from an oil platform that caught fire Friday morning off the Louisiana coast. Officials say it…
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The Coast Guard is searching for two workers missing after fire tore through an offshore oil platform off the Louisiana coast. Four others are recovering…
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The fire that broke out on a Gulf of Mexico oil platform this morning after an explosion has been extinguished, according to the U.S. Coast Guard.The fire…
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Petrobras USA says production has begun at its Chinook oil field in the ultra-deep waters of the Gulf of Mexico.The company says production started last…
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Oil production is resuming in the Gulf of Mexico and at refineries in the coastal regions hit by Hurricane Isaac. However, power outages are slowing the…
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The state Office of Conservation has ordered petroleum exploration and production companies to take necessary precautions to ensure their sites are secure…
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Isaac isn't expected to grow beyond a Category 1 hurricane and that's easing some concerns it could damage oil and gas refineries along the Gulf Coast. Still, several have shut down operations and will probably be off line for a few days. Depending on Isaac's severity, analysts say gasoline prices could go up by about 10 cents or so in the coming weeks.