oil News

Stricken New Zealand Ship May Break Apart or Sink

Salvage crews raced Monday to pump oil from a stricken ship teetering on a reef off the New Zealand coast, while also preparing for the worst: Authorities believe the vessel will break apart or sink soon. The salvage work resumed …

BP Gets $4 Billion from Anadarko for Oil Spill Costs

Anadarko Petroleum Corp will pay BP Plc $4 billion toward clean-up and victim compensation for the Gulf of Mexico oil spill. The amount is less than BP might have won in court, but it softens the blow of overall spill-related …

Alabama Town Strikes Deal With BP Over Lost Revenue

The city of Orange Beach has reached a settlement with BP PLC over lost revenues stemming from last year’s Gulf oil spill, with the oil giant agreeing to pay $1.27 million for lodging and retail revenues the coastal town didn’t …

Settlement Reached in ’07 San Francisco Bay Spill

Federal and state officials say they’ve reached a settlement for the cleanup costs in the 2007 San Francisco Bay oil spill. U.S. Interior Secretary Ken Salazar, California Attorney General Kamala Harris and other officials plan to gather Monday afternoon to …

Tropical Storm Lee Exposes Old Oil from BP Spill in Louisiana

BP PLC is sending cleanup crews back to Fourchon Beach because erosion from Tropical Storm Lee unearthed miles of tar balls, tar mats and abandoned cleanup equipment left from last year’s oil spill. Six task forces – 90 workers and …

Damages Ruling May Be Pivotal in BP Case

A key court ruling in the Gulf of Mexico oil spill litigation could change the landscape in the massive case — encouraging more plaintiffs to sue, or spurring the parties to make a deal to resolve what could be a …

Blast at Wyoming Oil Production Site Kills 3 Workers

Authorities won’t be able positively to identify the three workers killed in an oilfield explosion in eastern Wyoming until autopsies are performed on them, a company spokeswoman said Tuesday. The blast occurred Monday at an oil production site on a …

Michigan Court Backs Verdict in Home Lost Due to Oil Case

Four hundred gallons of heating oil in the basement? The Michigan appeals court says that’s distressing. The court has upheld a $100,000 verdict for a Clinton County woman whose home had to be demolished after oil was mistakenly pumped into …

TransCanada Touts Proposed Oil Pipeline’s Safety

Executives from a Canadian company seeking to build a massive pipeline linking Alberta’s oil sands to U.S. refineries said Tuesday the line will include safety features to prevent a spill like the one that fouled the Yellowstone River in July. …

Montana State Council to Look at Pipeline Failure Risk

An oil pipeline safety council created by Governor Brian Schweitzer after a major Exxon Mobil Corp. pipeline spill into the Yellowstone River holds its first meeting in Helena Monday. The council over the next year will gauge threats posed by …