Oil & Gas News

A few weeks ago Tim Havlock and a friend decided to perform an experiment. They walked to the edge of the Kalamazoo River, which runs past the back of Havlock's property, took a stick, swirled it in the oily water and lit it on fire.

Delorie Walsh with her daughter Angela outside the JJ Bowlen Building in Calgary in May.

As crews worked to hoist the blowout preventer that once sat atop BP 's stricken well to the surface of the Gulf of Mexico, the federal leader of the spill response said Saturday that there was no longer any risk that the well might leak again.

For some beach businesses outside Northwest Florida, the effects of the BP oil spill may have resulted from perception, not reality.

Edison International last spring allowed its shareholders for the first time to vote on the compensation of the utility giant's executives.

Companies like Exxon Mobil and BP are working with J. Craig Venter, who runs a company and a foundation, to use artificial organisms to develop fuels.

An oil company headed by conservative billionaires David and Charles Koch has contributed $1 million to the campaign to suspend the state's landmark climate change law.

Oil billionaires David and Charles Koch are getting behind an effort to block California's global warming law.

David and Julia Koch at a 2003 charity ball in New York City. Those Americans who put their faith in Barack Obama have difficulty admitting that he's not turned out nearly as well as they'd hoped.

The company whose Gulf of Mexico oil platform erupted in flames this week cited the industry's "excellent safety record" when it opposed a proposed federal rule last year that would require offshore oil and gas operators to have safety systems aimed at reducing workers' mistakes.

Boats are seen spraying water on an oil and gas platform that exploded in the Gulf of Mexico off the coast of Louisiana Sept.

A senior executive at Exxon Mobil Corp. and his wife have given $6 million to Oklahoma State University for use in the school's study abroad program.

A ruptured oil well in western North Dakota was temporarily plugged on Friday after leaking more than 2,400 barrels of crude and water, company officials said.

What now for the Gulf? News of another oil rig fire in the Gulf of Mexico, so soon after the BP oil spill, has set off a wave of anxiety along the Gulf Coast and prompted calls for the government to extend its six-month ban on deepwater drilling.

The number of rigs actively exploring for oil and natural gas in the U.S. decreased by three this week to 1,653. Houston-based drilling systems provider Baker Hughes Inc.

Marilyn Boughner and her daughter Sharon Telford at Sharon's acreage near Tofield, Alberta.

Sao Paulo-traded shares of Brazilian oil giant Petroleo Brasileiro SA rose Thursday, outperforming the broader market in the wake of the company's long-awaited oil-rights agreement that paves the way for a massive share sale likely to take place later this month.

This year's back-to-school season isn't as big a bust for retailers as they feared - or as last year's - but it's not great either.

ABC26 News has confirmed that 13 workers were rescued from the 'Vermillion 380' oil rig after an explosion Thursday morning.

Engineers removed a temporary cap Thursday that stopped oil from gushing into the Gulf of Mexico from BP's blown-out well in mid-July. No more oil was expected to leak into the sea, but crews were standing by collection vessels just in case.