U.S. stocks were headed for a flat open Monday, as investors mulled earnings results from McDonald's and Halliburton, with no market-moving economic reports on tap.
Four weeks after the catastrophic blowout that killed 11 workers and gushed millions of barrels of toxic crude oil into the Gulf of Mexico last spring, President Obama set up an independent commission to determine what went wrong and what we must do to make sure nothing like this ever happens again.
If the government does not take drastic steps, another deepwater oil spill like the BP spill in the Gulf of Mexico could devastate the coastal areas of the United States, an oversight commission warned Tuesday in a long-awaited report to the president.
Despite the current slow going in the Gulf of Mexico, worldwide deepwater oil production is surging, driven by high prices, new technology, and dwindling prospects on land.
Frustrated Plaquemines Parish President Billy Nungesser yells at a Coast Guard commander.
More than eight months after an oil rig explosion launched the biggest oil disaster in U.S. history, Louisiana officials say they're still finding thick layers of oil along parts of the state's coastline.
The Supreme Court will decide whether a group of investors can sue energy services giant Halliburton as a broad class action.
President Barack Obama's commission investigating last year's oil disaster is giving environmental groups hope that some change is on the horizon, but not the full scope of what they're looking for, two groups told CNN Thursday.
"Systemic" problems caused the Deepwater Horizon blowout and subsequent oil spill and only "significant reform" will prevent another, President Barack Obama's commission studying the disaster says in its soon-to-be-released report.
The American Petroleum Institute has a message to Congress as it starts work Wednesday: Open more areas for drilling and we will create more jobs for the American people.
2010 was a year marked by uncertainty and volatility, to say the least.
CNN's Becky Anderson asks a panel of climate change fighters about what they're doing to tackle climate change.
I recently returned to Amsterdam from the latest round of U.N. climate talks in Cancun, Mexico, and found this city of canals covered in snow. It was a beautiful sight. Yet rather than filling me with joy, it caused me concern.
This was not a banner year for Corporate America. Or Corporate Japan. Or Corporate England.
Oilfield contractor Halliburton has agreed to pay Nigeria $35 million to settle bribery allegations that led to charges against former Vice President Dick Cheney and other executives, the company announced Tuesday.
Life is more than a little interesting for the CFO of a super-major oil company these days. Chevron's Patricia Yarrington is watching her biggest customers -- the world's developed economies -- claw their way out of recession. Yet some economists worry the recovery could fizzle if booming demand from China raises the price of oil too high. The entire industry is changing deeply as most of the world's largest economies focus on reducing carbon emissions and pushing alternative energy. BP's disaster in the Gulf of Mexico puts every giant producer under closer scrutiny and inevitable new regulations. Amid it all, Yarrington has to manage finances in a vast company (No. 11 on the Fortune Global 500) that invests over $20 billion a year.
The federal government Wednesday joined the dozens of lawsuits against BP and several other companies over the massive oil spill in the Gulf of Mexico, seeking unlimited penalties against all but one firm.
The Deepwater Horizon lawsuit names 9 defendants that are accused of breaking pollution laws.
Charges of bribery against former U.S. Vice President Dick Cheney and Halliburton by Nigeria's anti-corruption police may be dropped after an agreement to pay a $250 million fine.
People and businesses impacted by the BP Gulf Coast oil spill will now be able to receive a check almost immediately, so long as they give up their right to sue.
It's out with the old and in with the new at the Standard & Poor's 500, as four companies will replace current issues on the benchmark index.
Nigerian investigators say they have filed charges against former U.S. Vice President Dick Cheney and others connected to the energy services company Halliburton, accusing them of paying bribes to secure a lucrative natural gas project in the 1990s.
President Barack Obama will not be allowing new drilling in the eastern Gulf of Mexico for at least seven years, Interior Secretary Ken Salazar announced Wednesday.
The Obama administration formally reversed course on its plan to allow more U.S. oil drilling Wednesday, saying areas in the eastern Gulf of Mexico and off the Atlantic Coast will remain closed for at least seven years due to the BP oil spill.
After tumbling early Monday morning, stocks bounced back to end the session still down, but much closer to breakeven.
U.S. stocks were expected to open little changed Monday as investors reacted to news of an €85 billion bailout of Ireland and anticipate this week's economic reports, including the monthly jobs report.
Dentists, chiropractors and veterinarians are among the 450,000 people who requested money from the fund for victims of the BP oil spill before this week's emergency claims deadline, the fund's administrator told CNN on Friday.
Kenneth Feinberg said that he would get checks out quickly to economic victims of the BP oil spill, and so far, he has been sticking to his word. Thus far, Feinberg's Gulf Coast Claims Facility is paying out claims faster than BP did.
U.S. stocks were poised to open lower Tuesday, as world markets reacted to an exchange of artillery fire between North and South Korea.
ExxonMobil has agreed to accelerate its cleanup of a huge underground oil spill in Brooklyn, New York under a settlement reached with New York Attorney General Andrew Cuomo.
Most jobs are stressful. When you're an hour away from the deadline for that spreadsheet of "value-adding actionable items" and your boss is breathing down your neck, your anxiety level is going to be pretty high.
Chevron Corp., aiming to expand its holdings in the Marcellus Shale natural gas region of Pennsylvania, said Tuesday it will acquire Atlas Energy Inc. for $4.3 billion.
The Movement for the Emancipation of the Niger Delta has claimed responsibility for an attack on an oil rig and the kidnapping of seven people.
Workers aboard the Deepwater Horizon were pushing to complete the well at the heart of the Gulf of Mexico oil spill before the disaster, but no "conscious decision" to cut corners on safety has been discovered, a presidential commission reported Monday.
After an initial boost at the market's open, stocks held steady throughout the day as investors sat on their hands to wait for the outcome of two major events: the mid-term elections and a two-day Fed meeting.
BP returned to profitability in the third quarter, rebounding from the severe loss caused by the Gulf of Mexico oil spill, the company said Tuesday.
U.S. stocks were set to open higher Tuesday as the nation headed to the polls for the midterm election and the Federal Reserve geared up for a key two-day meeting.
Exxon Mobil posted a 55% gain in third-quarter profit Thursday, saying it found more oil and sold it more profitably.
It's hard to believe that hiring Mötley Crüe to headline a three-day concert in Mobile was the best use of $600,000 of the $65 million BP paid the state of Alabama for the gulf oil spill. But Lee Sentell, Alabama's director of tourism and travel, says it went "where it would have the biggest impact" -- which he felt was Mobile's nonprofit BayFest concert on Oct. 1-3.
Residents want to know what's taking so long to clean up oil trapped beneath parts of Brooklyn. Allan Chernoff reports.
Beneath the Brooklyn neighborhood of Greenpoint, New York, is a giant oil spill that BP, ExxonMobil and Chevron are slowly cleaning up.
In his latest attempt to change the culture at BP in wake of the Gulf of Mexico oil spill, new chief executive Bob Dudley told staff in an e-mail this week that their next bonuses will be based solely on how they meet safety guidelines.
Last week, the Obama administration announced that the deep waters of the Gulf are again open for drilling. That the BP oil disaster is continuing and will have lasting effects is unacknowledged.
An oil pipeline that on September 9 began leaking crude oil just southwest of Chicago, Illinois, was back up and running Friday morning, owner Enbridge Energy Partners LP announced.
Family worries about a crude oil pipeline on their land. Congress may soon strengthen rules. CNN's Chris Welch reports.
This summer BP outlined a plan to shed $30 billion worth of assets to free up some cash to pay for the Macondo well disaster. It still needs to ink some more deals to hit that mark, but it's already started the process.
BP received a seventh bill from the government on Thursday, for $62.6 million, for cleanup costs related to the Deepwater Horizon oil spill.
CNN's Dan Lothian reports on the Obama administration's move to lift the deepwater oil drilling moratorium.
The Obama administration is lifting the moratorium on deep-water oil drilling -- put in place after the Gulf oil spill disaster -- for operators who comply with tough new rules and regulations, Interior Secretary Ken Salazar announced Tuesday.
The Obama administration made public all information available throughout the Gulf of Mexico oil spill, White House Press Secretary Robert Gibbs said Thursday in response to a preliminary report that criticized how it handled the disaster.
An independent commission says the Obama administration vastly underestimated the size of the Gulf oil spill.
The Obama administration vastly underestimated the tens of thousands of barrels of oil pouring into the Gulf of Mexico after the Deepwater Horizon disaster, despite contrary information from scientists using better methodologies, a report from a national panel investigating the response said Wednesday.
The official in charge of managing claims related to the BP oil spill said Monday that distance from the disaster site will not prevent legitimate claims from being processed.
U.S. stocks began the new month higher, clawing out gains Friday as a better-than-expected reading on personal income overshadowed a mixed manufacturing report.
(This article is part of Fortune's series on fracking .)
U.S. stocks were headed for a higher start Friday, as investors expressed optimism about the economy with the start of a new month and quarter.
BP has put up seven of its Gulf of Mexico oil fields as collateral for the $20 billion escrow fund that it's building to pay oil spill claimants, the company said Friday.
BP says it will create a new safety division in the aftermath of this summer's oil spill disaster in the Gulf of Mexico.
The public's perception of how the BP oil disaster was handled in the Gulf of Mexico eventually affected the response itself, National Incident Commander Thad Allen said during testimony Monday before the presidential oil spill commission.
Environmental activists with Greenpeace on Sunday swam in front of a Chevron oil drilling ship in the group's latest effort to prevent the giant vessel from reaching a drill site in the North Sea.
The ruptured Macondo well, a mile under the Gulf of Mexico off the Louisiana coast, has been pronounced dead following the worst oil disaster in U.S. history, but that doesn't mean work associated with the spill is complete, the government's point man for the disaster response said Monday.
National Incident Commander Thad Allen talks about the investigation on the massive oil spill in the Gulf.
A U.S. stock rally continued to pick up speed through Monday afternoon, with all three major indexes closing at four-month highs after a key group of economists called an official end to the recession.
U.S. stocks were headed for a higher open Monday as investors awaited the latest update on the housing sector and looked ahead to a busy week of economic events.
U.S. officials formally declared an end to the worst oil spill in U.S. history Sunday, a milestone that followed nearly five months of dashed hopes and blistering criticism of nearly everyone involved.
BP's internal investigation on the Gulf oil spill placed partial blame on other companies and contractors.
The blown-out well at the heart of the worst oil spill in U.S. history has been cemented shut and is "effectively dead," the federal government's point man for the disaster said Sunday.
The well at the heart of the largest oil spill in U.S. history should be completely sealed Saturday, BP said Friday.
Tony Hayward faces tough questioning about BP's turbulent safety record and its future in British waters.
Outgoing BP Chief Executive Tony Hayward denied Wednesday that cost-saving was the reason his company put only one blowout preventer on the well that exploded in the Gulf of Mexico in April, leading to one of the worst oil spills in U.S. history.
Researchers believe the oil from this summer's BP spill may have sunk to the Gulf floor. CNN's Brian Todd explains.
A team of researchers in the Gulf of Mexico say they found an oily layer as thick as two inches coating the sea floor in some places, and they believe it may be from the BP spill.
Stocks managed to pare some losses Tuesday on better-than-expected retail sales data, but indexes ended mixed as investors stepped back from a recent runup.
Oil spills in the Midwest have caused spikes in gasoline prices there, though Enbridge Inc., the company that owns the leaked pipelines, said the worst of it is over.
The Justice Department says it may sue BP for damages from the Deepwater Horizon oil spill, according to a filing made Monday night with the U.S. District Court in New Orleans, Louisiana.
The Justice Department expects to sue BP for damages from the Deepwater Horizon oil spill according to a filing made last night with the U.S. District Court in New Orleans.
As the last tar balls settle on the bottom of the Gulf, it looks like BP may have some extra cash on hand.
Total claims against BP could end up being less than the $20 billion the company pledged to set aside, according to incoming Chief Executive Robert Dudley.
BP said it resumed drilling Monday on a relief well, as efforts to permanently seal the previously leaking Gulf of Mexico oil well appeared to be entering their final stages.
A lawsuit against Chevron in Ecuador, which has become a cause célèbre for environmentalists worldwide, has suffered severe, crippling setbacks in recent months, as key plaintiffs lawyers have come under credible and weighty allegations of fraud.
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