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Settlement of $211M reached in Gulf oil spill

...Wednesday with Transocean Ltd., owner of the ill-fated Deepwater Horizon drilling rig.In a separate development, oil giant BP - which leased the rig from Transocean - reached settlements resolving years of complicated spill-related litigation...
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Alaska village pulls out of lawsuit that stalled drilling

...affirming the lease sale.Affirmation by Jewell would allow formal review of Shell's new exploratory drilling plan. The oil giant has not said whether it will drill in the Chukchi in 2015 if it receives the federal OK.
Exxon says it will pay interest on spill damages

ANCHORAGE - Oil giant Exxon Mobil Corp. has decided not to appeal hundreds of millions of dollars in interest on punitive damages resulting from the...
BP agrees to pay $4.5B; 3 employees charged

...A day of reckoning arrived for BP on Thursday as the oil giant agreed to plead guilty to a raft of criminal charges and...appears to be well within BP's means, considering the oil giant made a record $25.8 billion in profits last year...
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Before Gulf spill, Shell touted Arctic drilling safety

...earlier this year that they could drill safely offshore in the state's pristine Arctic waters. A representative for the oil giant also blasted federal environmental regulators for what he described as an overly cumbersome permitting process. "We...
Shell hopeful for Arctic drilling the year Shell Oil begins large-scale offshore exploratory drilling in Arctic waters?Two months into 2012, the oil giant is beyond the lead time it said it needed to assemble the flotilla of support vessels that must accompany drill ships...
Alaska to reinstate 2 Point Thomson leases

JUNEAU - The state of Alaska will allow oil giant Exxon Mobil Corp. to move forward with preparations for drilling two wells in a disputed North Slope oil and gas field. Department...
BP official says Alaska pipeline fixes on target

...corrosion-induced leaks crimped the nation's oil supply and prompted harsh criticism of the company, the chief of the oil giant's American division said Monday. After a massive oil spill in March 2006 and the subsequent discovery of corroding...
Are low oil prices good for the environment?

...3 billion last week because demand for its rigs has fallen. Its shares are down 42 percent since June.The Norwegian oil giant Statoil announced in late September that it would shelve plans to develop a project in Canada that would have produced...
Regulators seek details on Shell Arctic drill plan

...details about possible plans to drill in the Chukchi Sea next year.The application to drill will not be complete until the oil giant provides additional information in its 2014 Chukchi Exploration Plan, Alaska Public Radio Network reported.The Bureau...


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