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  1. Brazil's First Oil Auction in Five Years Draws Record Bids

    Brazil saw record bidding at its first oil auction in five years Tuesday as the growing promise of oil finds along the equator attracted huge interest in exploration...

  2. Arctic Council Considers China's Bid to Observe Meeting

    The Arctic Council, a once-obscure regional forum that had little to show for itself, has nations queuing to participate at a meeting this week in Sweden, as melting...

  3. Transocean chairman to step down after Icahn attack

    Transocean Ltd said on Monday that Chairman Michael Talbert will step down later this year, in a move that comes just days before the culmination of a fight between ...

  4. Transocean First-Quarter Profit Soars on Year-Earlier Losses

    Transocean Ltd.'s (RIG) first-quarter profit soared as the offshore-oil driller benefitted from a year-earlier comparison that included significant impairment and di...

  5. Enbridge 1st-Quarter Profit Dips; Plans $1.2 Billion Investment in LP

    Canadian pipeline operator Enbridge Inc. (ENB) said its first-quarter profit dipped 4%, hurt in part by additional costs related to a 2010 oil spill in Michigan.The ...

  6. Glass Lewis Supports Transocean's Dividend Proposal, Backs One of Icahn's Board Nominees

    Proxy advisory firm Glass Lewis said it supports offshore oil-driller Transocean Ltd.'s (RIG) proposed dividend over Carl Icahn's proposal for a higher payout, but a...

  7. Transocean Cutting Positions, Closing Facilities in Onshore Business

    Transocean Ltd. (RIG) said it has started cutting positions and closing facilities tied to its onshore business, continuing the company's efforts to focus on the hig...

  8. BP hit by wave of new spill lawsuits ahead of April deadline

    BP Plc has been hit by over 2,200 new lawsuits seeking payback for the 2010 Gulf of Mexico oil spill in the past few weeks as individuals, companies and government b...

  9. ADR Shares Rise on Gains for Mining, Energy Stocks

    International companies trading in New York closed higher Monday, helped by gains for mining and energy companies.The Bank of New York index rose 1.2% to 139.99.Gold...

  10. Brazil's Petrobras: Chevron Expects to Restart Frade Production This Week

    Brazilian state-run oil company Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, said that an offshore oil field operated by U.S. oil major Chevron Corp. (CVX) shu...

  11. Union Workers Threaten Strike at Exxon Baytown Refinery

    Union workers at Exxon Mobil Corp.'s refinery in Baytown, Texas, are threatening to strike over safety concerns, the United Steelworkers said Monday.About 850 union ...

  12. How will funds be distributed for Boston bombing victims?

    The One Fund administrator speaks out

  1. Should There be a Cap on Oil Spill Payouts?

    A group of accountancy professors is backing BP's fight to cap the U.S. oil spill compensation payouts it has to fund as the cash outflow threatens to add billions o...

  2. U.S. Judge Dismisses Obstruction Charge Against Former BP Executive In Deepwater Horizon Case

    A federal judge has dismissed a criminal charge against a former BP PLC (BP) executive that alleged he tried to obstruct a Congressional investigation into the Deepw...

  3. Correction to Transocean CEO Welcomes Merksamer Headline

    Transocean Ltd. (RIG, RIGN.VX) shareholders voted overwhelmingly Friday to reject a $4 a share dividend proposal by activist investor Carl Icahn but ousted long-time...

  4. Transocean CEO Confirms Shareholders Rejected Icahn's Dividend Proposal

    Transocean Ltd. (RIG, RIGN.VX) shareholders voted overwhelmingly Friday to reject a $4 a share dividend proposal by activist investor Carl Icahn but ousted long-time...

  5. Payout official set for surge in BP spill claims

    The deadline for claims against BP Plc in connection with the 2010 Gulf of Mexico oil spill is 11 months away, but the man responsible for paying the claims said on ...

  6. Official set for surge in BP spill claims as deadline nears

    The deadline for claims against BP Plc in connection with the 2010 Gulf of Mexico oil spill is 11 months away, but the man responsible for paying the claims said on ...

  7. Glencore Appoints Hayward Interim Chairman: WSJ

    Glencore Xstrata PLC named Tony Hayward, former chief executive of BP PLC interim chairman, according to The Wall Street Journal. The appointment came as shareholder...

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