Chevron Corporation announced it is taking full responsibility for the oil leak that occurred off the coast of Rio de Janeiro two weeks ago.
Stock futures pointed to a sharply lower open for equities on Wall Street on Monday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 down 1.1 to 1.4 percent.
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.
Shell Oil Company has set a world record in drilling and completing a subsea well 9,627 feet below sea level at its Perdido Development in the Tobago Field 200 miles southwest of Houston.
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.
U.S. oil giant Chevron halted drilling of a well off the coast of Brazil as it looks into the possible causes of an oil spill in the region.
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
