BP settlement: Anadarko Petroleum Coro., which had a has 25 percent working interest in BP's Macondo Prospect, the site of the Deepwater Horizon drilling rig explosion, will pay BP $4 billion toward cleaning up the Gulf of Mexico oil spill.
Stocks in Europe lose some gains after German finance minister cautions on eurozone solution. Stocks are up 11.6 percent over the past nine days.
Rick Perry is touting domestic energy production as a way to kick-start the US economy. His hope may be to match Herman Cain's '9-9-9' tax plan for voter appeal – and revive his presidential campaign.
New Zealand's delayed response to its oil spill emergency, described as the worst in the country's history, has been compared with last year’s Deepwater Horizon catastrophe.
The proposed Keystone XL pipeline would bring Canadian oil to the Gulf of Mexico. Supporters say it would mean 20,000 jobs. Opponents worry about the impact on the vast Ogallala Aquifer, which supplies water to eight states.
In three months deep water drilling is set to begin in Cuban waters in the Gulf of Mexico, but the US embargo on Cuba could spell catastrophe should a repeat of the Deepwater Horizon spill occur.
The Obama administration's recent record on environmental issues is uninspired, critics say. But the president faces more immediate problems with the economy and record-high unemployment.
The US agencies' exhaustive report on the Gulf oil spill said complacency and cost-cutting led BP to make a series of decisions that complicated operations and added risk before the rig exploded.
Gulf oil spill report, released Wednesday, said in the days leading up to the disaster, BP made a series of decisions that complicated cementing operations, added risk, and may have contributed to the ultimate failure of the cement job.