The delivery of a Chinese-built, Spanish-backed offshore oil rig to Cuban waters has been delayed until summer. But when drilling does begin 90 miles off the Florida coast, it could mean a host of problems — and opportunities …
Facing widespread calls for boycotts, owners responded by hammering home the message that the U.K. oil company doesn’t own most of the retail locations that bear its name. Now as anger fades, business is coming back, and few ow…
One would think that BP’s massive Gulf of Mexico oil spill this year would have given pause to the global oil industry, but that doesn’t appear to be the case. Companies in the sector are planning to spend a record $490 billion…
The Deepwater Horizon disaster in the Gulf of Mexico may have unleashed a chain of events that could extend economically far beyond the region, threatening one of the world’s most lucrative fishing species — the bluefin tuna. …
BP is apparently considering the $1 billion sale of some of its assets in the North Sea as it tries to cover cleanup costs from the Gulf of Mexico oil spill. The company’s Macondo well in the Gulf of Mexico exploded in April, l…