Chevron Corporation announced it is taking full responsibility for the oil leak that occurred off the coast of Rio de Janeiro two weeks ago.
As much as 300 barrels a day may have leaked from the seeps caused by the company's drilling, says Brazil's environmental protection agency.
Chevron Brazil announced Thursday the company is actively cementing an appraisal well responsible for causing a relatively small oil leak.
The risks U.S. oil giant ExxonMobil took on when signing a deal with Iraq's semi-autonomous Kurdistan region could be coming back to hurt them.
A fire broke out and was quickly extinguished Monday night in a crude distillation unit at Chevron Corp's 245,271 barrel-per-day (bpd) Richmond, California, refinery, according to notices the refinery filed with state and federal pollution regulators.
Chevron Brazil officials say they have successfully plugged the well responsible for causing oil to seep through the ocean floor.
Brazil's oil agency said a link exists between the company's drilling operations and the seep on the ocean floor which has so far released up to 650 barrels of oil into the ocean.
Efforts made by Chevron Brazil officials to control an ocean-floor oil leak off the coast of Brazil continue.
Is Tiger Woods Dead? That's what people on Twitter or asking since a lot of buzz about his passing began taking over Twitter and Facebook on Friday.
U.S. oil and gas major Chevron Corp. said an oil leak off the coast of Brazil near its Frade field does not appear to be caused by the company's production activities in the area.
Chevron's Brazilian outfit working to plug an ocean-floor oil spill off Brazilian coast.
Gasoline and diesel prices fell in the Portland, Oregon, market as two refineries finished seasonal overhauls, traders said.
Toddles' mother left him alone in an unlocked car for an hour
Asian shares fell Monday and commodities slipped as the dollar spiked to a three-month high against the yen following Japan's intervention, prompting investors to book profits after last week's rally.
U.S. stocks closed out a fourth week of gains in quiet fashion on Friday, edging higher as the market took a breather after rallying 3 percent on Europe's deal to stem its debt crisis.
Stocks edged lower on Friday as investors paused following a powerful rally that propelled the S&P 500 index almost 20 percent since briefly dipping into bear market territory earlier this month.
Stock index futures pointed to a weaker open for equities on Friday after strong gains in the previous session, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 down 0.4 to 0.5 percent.
The companies that are expected to see active trade on Friday are: Chevron Corp, Advanced Micro Devices, Cigna Corp, Aon Corp, Biogen Idec, Interpublic Group of Companies, Whirlpool Corp, Electronic Arts, Goodyear Tire & Rubber, Rockwell Collins and Merck & Co Inc.
Investors in the world's biggest oil companies are expected to look beyond the bumper profits the groups will announce next week on the back of higher oil prices, and seek clues on how the companies can maintain income growth as crude stabilizes.
A group of 35 progressive Democrats has asked the Joint Select Committee on Deficit Reduction Committee -- the super committee -- to end billions of dollars worth of tax subsidies for the fossil fuels industry.
All told, BP and its partners will invest nearly £10 billion ($15.7 billion) in North Sea oil and gas properties over the next five years.
Liberians queued peacefully in the rain on Tuesday for the West African state's second presidential election since its civil war, with incumbent Ellen Johnson-Sirleaf bidding for a second term.
