Chevron to pay $155 million for Brazil oil spill

US oil giant Chevron has agreed to pay 310 million reales ($155 million) to Brazil for an oil spill last year that fouled beaches in Rio de Janeiro, officials said Saturday.

US opens new areas of Gulf of Mexico to drilling

The US government offered up new areas of the central Gulf of Mexico for drilling for the first time since the 2010 BP oil spill and received $1.7 billion in winning bids, officials said Wednesday.

BP says US oil spill trial could 'last until 2014'

British energy giant BP is prepared for a multi-billion-dollar US legal case into the massive Gulf of Mexico oil spill to last until 2014, its chief executive told the Sunday Telegraph.

Canada unveils Arctic drilling rules

Canada's energy regulator rolled out new rules on Thursday allowing for alternative ways to deal quickly with blowouts in the Arctic other than drilling relief wells.

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