OIL SPILL

Just as Chevron Corp., the second-largest U.S.-based oil company, hoped to restart its offshore drilling operations in Brazilian waters, the company experienced a setback.

The American Petroleum Institute, the country's largest oil and natural gas trade group, blasted President Barack Obama's administration Tuesday for perceived failures in promoting domestic sources of energy.

The City of Gulf Shores, Ala., announced it has settled with British oil company BP for future losses incurred by the 2010 Gulf of Mexico.

Thanks to the Democratic-led Senate, the vast majority of the fines paid to the Federal Government at the conclusion of the Deepwater Horizon oil spill will be used to restore the landscapes of Louisiana, Mississippi, Alabama, Florida and Texas.

The judge handling the government's case against BP (NYSE: BP) took control of the third-party claims in a $20 billion fund, removing it from 9-11 Fund administrator Kenneth Feinberg.

Rihanna and Chris Brown have been making headlines ever since RiRi was spotted exiting her abusive ex-boyfriend's dressing room at the Grammys, looking disheveled and sporting a coy smile.

The Paula Deen lawsuit is filled with a lot of explosive charges against Deen and her brother Bubba Hiers, but plaintiff, Lisa Jackson, has her own past problems.

Food Network chef and Southern comfort celebrity Paula Deen has been slapped with a lawsuit detailing shocking allegations including the use of a racial slur against President Barack Obama, pornographic content shared at work and segregation of the restaurant's bathrooms.

Traders throughout the world welcomed BP's settlement news Monday with the company's stock hitting its highest level in more than a year.

Shares in BP rose over 2 percent on Monday after the oil giant reached a settlement with businesses and individuals impacted by the Gulf of Mexico oil spill worth an estimated $7.8 billion.

Shares in BP are expected to rise 5-9 percent on Monday after the oil giant reached a settlement with businesses and individuals impacted by the Gulf of Mexico oil spill worth an estimated $7.8 billion.

The estimated $7.8 billion deal struck by BP Plc with businesses and individuals suing over the massive 2010 Gulf of Mexico oil spill could speed up payments to thousands of claimants and offers lawyers a potential windfall in legal fees.

Late Friday night, BP announced that a $4.7 billion settlement had been reached with individual plaintiffs who sought damages related to the 2010 Gulf of Mexico oil disaster.

BP and three other energy companies late Friday reached a settlement with thousands of individuals and businesses affected by the 2010 Deepwater Horizon spill that killed 11 workers and fouled the Gulf of Mexico with millions of gallons of oil.

BP PLC said early Saturday that it has agreed to a $7.8 billion deal with a committee representing plaintiffs to settle claims by fishermen and other private claimants who were adversely affected by the massive oil spill in the Gulf of Mexico caused by the Deepwater Horizon disaster in 2010.

BP PLC and plaintiffs in the largest lawsuit filed in the wake of the Deepwater Horizon oil-spill disaster in the Gulf of Mexico in 2010 have agreed on the terms of a proposed class settlement, according to an order signed late Friday by the judge handling the case.

Attorney General Eric Holder says he's ready to take BP and and other defendants to court in the 2010 Gulf of Mexico oil spill.

BP, Britain's No. 1 oil company is said to be negotiating a $14 billion settlement for the Deepwater Horizon explosion that killed 11 workers and fouled the Gulf of Mexico for months in 2010.

The trial on the compensation for the Gulf of Mexico oil spill in 2010 has been delayed until March 5 with negotiations continuing on what should be the amount that BP should be paying.

British oil giant BP Plc and plaintiffs suing over the 2010 Gulf of Mexico oil spill are discussing a $14 billion settlement that is nearing completion, Bloomberg said, citing three people familiar with the talks.

The start of the liability trial for the BP 2010 Deepwater Horizon explosion that killed 11 workers and fouled the Gulf of Mexico for months, has been delayed for a week allowing more time for embattled BP and fellow defendants to broker a settlement with U.S. prosecutors.