Related topics: gulf of mexico · oil spills · oil

Chevron's CEO: Affordable energy is crucial

(AP)—Chevron CEO John Watson notices something important as he visits his company's operations around the globe: Governments everywhere find high energy prices much scarier than the threat of global warming.

BP says oil spill compensation fund running out

British energy giant BP admitted on Tuesday that its $20 billion (15 billion euro) fund to compensate victims of the 2010 US oil spill disaster has almost run out of cash.

Oil drilling possible 'trigger' for deadly Italy quakes

Italy's Emilia-Romagna region on Tuesday suspended new drilling as it published a report that warned that hydrocarbon exploitation may have acted as a "trigger" in twin earthquakes that killed 26 people in 2012.

5 years after BP spill, drillers push into riskier depths

Five years after the nation's worst offshore oil spill, the industry is working on drilling even further into the risky depths beneath the Gulf of Mexico to tap massive deposits once thought unreachable. Opening this new ...

Arctic oil drillers face tighter US rules to stop spills

Royal Dutch Shell Plc and any oil drilling company that prospects in the Arctic Ocean must boost safety practices to prevent spills in the frigid and often hostile waters or mitigate the impact, U.S. regulators proposed Friday.

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