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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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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...
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...
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...
Critics say grounding shows Arctic drilling danger

...they pounced - saying the incident foreshadowed what will happen north of the Bering Strait if drilling is allowed.For oil giant Shell, which leads the way in drilling in the frontier waters of the U.S Arctic, a spokesman said the incident will...
Oil investment - bring it on, and hopefully it's only a start

...the second, the following year. According to AP, it's not yet clear how many new wells will be drilled. But the oil giant says BP plans to do more work, starting this fall, to make production more efficient.It's too early to tell, they...
Juneau Empire Story Archive

Lawmakers may raise tax on new oil giant Legislature may ask BP-Amoco for...Lawmakers may raise tax on new oil giant 090899 Local 6 The Juneau Empire...Lawmakers may raise tax on new oil giant 24° AP Video and News ...


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