BP PLC agreed to sell its wholly owned BP Exploration Co. (Colombia) Ltd. (BPXC) for $1.9 billion to a consortium of Talisman Energy Inc. and Colombia's Ecopetrol SA.
The US House of Representatives, by a vote of 209-193, passed legislation in response to the Apr. 20 well blowout, rig accident, and oil spill in the Gulf of Mexico.
US gasoline demand during this year's first half fell 0.6% year-to-year to an average 8.88 million b/d, reflecting an ongoing sluggish US economic recovery, the American Petroleum...
SYSTEM ABSORBS ENGINE ROOM SOUNDNew Rockwool marine acoustic foil is part of a sound absorption system specifically designed for engine rooms, cargo pump rooms, and similar applications...
Intraday oil futures prices were "stuck" between $75-80/bbl for the previous 10 trading days, Paul Horsnell at Barclays Capital, London, reported July 28.
US Sen. Mark Begich (D-Alas.) proposed extending the Regional Citizens Advisory Council concept to the Arctic as an alternative to continued legal challenges of offshore oil and...
US Senate consideration of a broad energy bill that includes offshore oil-spill provisions will not take place until after Labor Day, Democratic leaders announced on Aug. 3. Senate...
To Bill Barrett Corp. (BBC), a July 29 agreement that let the US Bureau of Land Management issue a final environmental impact statement a day later for the proposed West Tavaputs...
Mitsui & Co. Ltd. Executive Vice-Pres. and Chief Financial Officer Junichi Matsumoto, reiterating earlier statements by company officials, said his firm has yet to pay any part...
Early observations and preliminary research results show most of the oil spilled from the Macondo well is biodegrading quickly, but more research and analysis is needed to determine...
The Macondo well in the Gulf of Mexico on Aug. 4 was in a static condition, meaning the hydrostatic pressure of the drilling mud offset the reservoir pressure—the desired outcome...
Noble Energy Inc., spurred by a recent US Geological Survey report concerning oil and natural gas reserves off Israel, has contracted the Pride North America rig from Pride Internationa...
European Union foreign ministers adopted extra sanctions on Iran, in particular targeting investment in the country's oil and gas industries, as well as curtailing its refining...
Westmont Resources Inc. has completed an agreement to acquire 92 wells in Tennessee's Chattanooga shale region, currently operated by AG Oil & Gas, a division of Domestic Energy...