Oil and Gas

BP and its minority partner in the Macondo well, Anadarko Petroleum Corp., have a request pending for the full 15-member court to reconsider the issue.

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Two privately held Texas oil companies that were among nearly 90 defendants named in the New Orleans levee board's landmark environmental lawsuit have settled.

oil prices carouselLower oil prices, while good for the broader U.S. economy, are a threat to what has been a surprising and dramatic surge in oil production in the U.S.

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Despite a decline in global oil prices affecting the outlook for domestic ethylene producers, South African company moves forward.

1,595 rigs were exploring for oil and 332 for gas. A year ago there were 1,738 active rigs.

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