Topic: BP plc

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World's cheapest gas: Top 10 countries

While Americans and Europeans bemoan the cost of gasoline at the pumps, people in some other parts of the world enjoy filling up their tanks cheaply thanks to subsidies provided by wealthy, oil-rich governments. Here are the 10 cheapest countries on Earth to fill a gas tank.
In Pictures: It's Mardi Gras time all over the world!
Amazon's top 10 book picks for November

Amazon's editors pick their top 10 books for the month of November.
In Pictures: Military helicopters
In Pictures: Gulf oil spill one year later

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Private Empire

Pulitzer Prize-winner Steve Coll takes a close look at secretive behemoth that is Exxon Mobil.
Oil prices drive Delta Air Lines to buy its own refinery. Will that work?

Delta Air Lines wants to better control the cost of refining oil for jet fuel. The cost savings won't be enormous, but in such a competitive industry, every little bit helps.
Credit cards: How to save $400 at the pump

Credit cards with gas rewards can be a big help in coping with high gas prices. The most effective credit cards could save you $400 at the pump.
BP engineer arrested in Gulf oil spill

Former BP engineer Kurt Mix is accused of deleting text messages that revealed the true scope of the disaster.
First BP oil spill arrest: Why put the squeeze on a mid-level engineer?

The first criminal charges brought in the 2010 BP oil spill – against Kurt Mix, a former BP engineer – show that the government still seeks the answer to an essential question in the spill’s aftermath: Did BP tell the truth about what it knew about the size of the spill? At stake are billions in fines.
Carbon trading: Why 'good' companies embrace 'bad' credits

When it comes to Europe's carbon-trading system, top companies like Dow Chemical, ConocoPhillips, and BP prefer to save a little money than hone their 'green' reputation.
Gulf oil spill: Two years later, safety lessons ignored

In its rush to pump more oil, America is ignoring the key lesson of the Gulf oil spill two years ago. Complex drilling, wherever it occurs, comes with unknowable risks.
BP oil spill settlement: Justice for 100,000 Gulf Coast victims?

The estimated total cost of the settlement will be about $7.8 billion, which makes it one of the largest class-action settlements in US history. The BP oil spill settlement was filed Wednesday.
BP settles with private plantiffs over Gulf oil spill

The multinational corporation said Wednesday it will pay out $7.8 billion from the $20 billion trust it set up after the Deepwater Horizon explosion.
Imagining Cuba after Chávez

Venezuela provides Cuba with up to $15 billion a year, which helps offset the US embargo. But there is the real possibility Chávez may not win or survive another six-year term as president.
Coast Guard checks 10-mile oil sheen near Shell oil wells in Gulf

Shares in Royal Dutch Shell PLC fell in European trading early Thursday after it reported a 'light sheen' of oil about 1 mile long and 10 miles wide in the general area of two of its production platforms in the oil and gas prospects called Mars and Ursa.
North Sea gas leak has environmental activists concerned

North Sea gas leak: An oil production platform off the Scottish coast has been leaking gas since last weekend. Environmentalists are concerned the North Sea gas leak could lead to an oil spill.
President Algae? Obama not green enough, say environmentalists

President Obama has blocked the Keystone pipeline, backed biofuels, and prioritizes the earth over people, say GOP presidential candidates. Environmentalists say Obama is a big disappointment. Who's right?
Obama trails Romney in new poll. Are gas prices the key?

As gas prices have risen, President Obama has tried to defend his energy policies. The president's critics argue that he underplays the role that domestic energy production could play.
The Circle Bastiat
The Pentagon is a gas guzzler

The Pentagon spent $17.3 billion on oil in 2011, a 26 percent increase from 2010. This despite the Pentagon's public efforts to "go green."
With BP oil spill billions at stake, why did Gulf fishermen suddenly settle?

News that 100,000 fishermen and oil spill workers settled with BP for $7.8 billion rather than going to trial suggests a lesson from the Valdez spill: Drawn-out litigation can become its own tragedy.
BP settles spill claims for $7.8 billion. Will victims take it?

BP settlement of worst US offshore oil spill involves 100,000 claims by fishermen, cleanup workers, and others. The $7.8 billion settlement is in addition to a $20 billion BP compensation fund.
Cities are banking on the arts

Once the first thing to be cut in a time of recession, the arts are proving their worth.
World's cheapest gas: Top 10 countries

While Americans and Europeans bemoan the cost of gasoline at the pumps, people in some other parts of the world enjoy filling up their tanks cheaply thanks to subsidies provided by wealthy, oil-rich governments. Here are the 10 cheapest countries on Earth to fill a gas tank.
BP faces billions in fines as spill trial nears

The huge legal bill for the catastrophic 2010 oil spill in the Gulf of Mexico is coming due for BP as a federal trial opens Monday to determine the company’s liability for the blowout of its Macondo well.
In Pictures: It's Mardi Gras time all over the world!
Editor's Blog
Green energy isn't always good energy

Wind, solar, hydro, and geothermal seem mostly benign -- in part because they are still a small part of the energy equation. But when green gets big, it can be controversial.
Right to work gets first foothold in Rust Belt

Right to work legislation finally passes House in Indiana. Governor is expected to sign law, which bans labor contracts that force workers to pay union fees.
BP parries with Halliburton over recovery costs for Gulf oil spill

British oil giant BP wants a US judge to force Halliburton to pay all recovery costs stemming from 2010 Gulf oil spill. In a filing Monday, it aims to rebuff assertion that Halliburton bears no liability.
Gulf oil spill could result in criminal charges for BP employees

The Wall Street Journal reports that federal prosecutors are targeting several Houston-based engineers and at least one supervisor employed by British oil giant BP connected to the 2010 Gulf oil spill.