Apple stock breaks $500 level, continuing rally

(AP) -- Apple's stock broke above $500 for the first time Monday. It was the latest step in a rally that began more than two weeks ago, when the company reported staggering sales and profits for the holiday quarter.

Apple briefly passes Exxon as most valuable co.

(AP) -- Apple briefly surpassed Exxon as the most valuable U.S. company after an excellent quarter, though the oil company has regained the lead at the market's close.

Canada unveils Arctic drilling rules

Canada's energy regulator rolled out new rules on Thursday allowing for alternative ways to deal quickly with blowouts in the Arctic other than drilling relief wells.

Prime Indonesian jungle to be cleared for palm oil

(AP) -- The man known as Indonesia's "green governor" chases the roar of illegal chainsaws through plush jungles in his own Jeep. He goes door-to-door to tell families it's in their interest to keep trees standing.

Chevron suspends Brazil offshore drilling

US oil giant Chevron Corporation said on Thursday that it had suspended its current and future drilling operations off Rio de Janeiro state, following a crude oil slick in the area.

Bad eggs and oil slicks: Making corporate crime pay

If courts were able to award appropriate punitive damages that punish wrongdoers at a level tied to a company's financial worth, then businesses big and small would be at risk of being put out of business by punitive damages ...

Shell divers shut off North Sea oil leak

Divers working for oil giant Shell have turned off the valve which has been leaking oil into the North Sea causing the worst spill in the area for a decade, the company said Friday.

North Sea oil leak 'reduced to two barrels a day'

Energy giant Royal Dutch Shell said on Tuesday that about two barrels of oil a day are still spilling into the North Sea from its Gannet Alpha platform as it struggled to stem a second leak.

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