Amid cautious optimism that a "top kill" effort to cap the leaking well causing the Gulf oil spill is working, President Obama banned new offshore drilling Thursday until further notice.

The company now sees global oil demand peaking in the mid-2030s instead of before 2030. BP: declines are coming only gradually, driven by efficiency gains and EV adoption but offset by petrochemicals.

State Attorney General Liz Murrill has asked the federal government to drop a $128 million lawsuit against insurance companies over the longest-running spill in U.S. history — leaking off Louisiana's ...

Gov. Jeff Landry and other state and local leaders are providing an update on the cleanup efforts in Roseland. New drone video shows a large amount of oil in several lakes near the Smitty's explosion ...

BP is moving forward with plans to develop an offshore drilling project in the Gulf of Mexico worth $5 billion. The new platform will develop the Tiber and Guadalupe fields, which combined are ...

Brazil's bid to turn the mouth of the Amazon River into a new oil exploration frontier is facing institutional pushback from ...

A year ago, BP predicted that oil demand growth could peak before 2030. In that, the company was in tune with the IEA and a host of other forecasters. This year, BP has changed its prediction. Now, ...

LONDON, Oct 1 (Reuters) - New BP (BP.L), opens new tab Chair Albert Manifold told employees on Tuesday that the group's portfolio was "overly complex" and it needed to execute its strategy of shifting ...

Cleanup efforts are underway after an oil spill at the Suisun City marina this week, officials say. The City of Suisun City says marina staff discovered the oil spill late Thursday morning. Red-dye ...

The Valdez Marine Terminal, where North Slope crude oil is offloaded onto ocean tankers. Stakeholders in Valdez are embroiled in a dispute over oil spill protections at the terminal there, at the end ...

DENVER — The off ramp from Interstate 25 to Auraria Parkway was closed Monday morning after a crash. According to police, the crash was a single vehicle rollover that caused an oil spill. No serious ...