Mariner may be facing BP-style crisis
Mariner Energy, Inc. shares dropped more than 4 percent Thursday following news that one of its production platforms exploded in the Gulf of Mexico.

BP's life on 'frontiers' of energy industry at risk
At a celebration of BP's centennial last October, CEO Tony Hayward boasted to guests that the oil company "lives on the frontiers of the energy industry."

Gas prices continue unusual pre-Labor Day fall
Gasoline pump prices continued to fall on Monday, offering a bright spot for drivers watching their wallets in the uncertain economy.

Blackstone taking Dynegy private for $542.7M
Asset manager Blackstone Group said Friday it is paying $542.7 million to take Dynegy Inc. private in a three-way deal that will see Dynegy also sell four power plants to NRG Energy Inc.

Gulf spill investigators eye undersea evidence

Now that BP appears to have vanquished its ruptured well, authorities are turning their attention to gathering evidence from what could amount to a crime scene at the bottom of the sea.

BP CEO: I'm a 'villain for doing the right thing'
Tony Hayward, who resigned as chief executive of BP in the wake of the Gulf oil spill, has said that he was turned into "a villain for doing the right thing."

Exxon Mobil's earnings more than double
Exxon Mobil Corp. says its second quarter income nearly doubled as oil prices increased from last year.

Big Oil posts better profits on higher fuel prices
The major oil companies continue to climb back from the recession, with higher fuel prices driving up earnings.

New CEO Dudley faces daunting task at BP

BP's incoming CEO Robert Dudley faces the daunting task of fixing a company saddled with huge liabilities, a broken culture, strained government relations and a badly damaged brand.

China surpasses U.S. as top energy consumer
China has overtaken the United States as the world's largest consumer of energy, according to data from Paris-based International Energy Agency. China rejected the data.

Google signs 20-year deal with Iowa wind farm
Google Inc. has signed a 20-year contract to buy power from an Iowa wind farm as part of the Internet search leader's effort to cut the pollution caused by its rising demand for energy.

For recyclers, one (complicated) word: Plastics

Although Americans rely on plastic made from petroleum and natural gas in virtually every aspect of our lives, just a fraction of our plastic waste is getting recycled.

BP reportedly in talks to sell Alaska oil stake

Beleaguered oil giant BP is in talks to sell $12 billion of assets, including a prized Alaskan oil field, says Sunday Times of London.

BP's Hayward flies to Mideast to meet 'partners'
BP's embattled CEO flew to Abu Dhabi and met with the wealthy emirate's influential crown prince amid speculation the oil giant is looking to raise cash.

BP seeks investors, help with cleanup
BP is seeking a strategic investor to fend off any takeover attempts as it struggles with the Gulf oil spill, newspapers say. BP also reportedly asks for help in paying for the cleanup.

BP floating financial lifeline to station owners
Oil giant BP PLC is floating a financial lifeline to the owners, operators and suppliers of the gas stations around America that bear its name and have been hit by boycotts.

Shell says deepwater drilling must continue
Royal Dutch Shell says rising demand means deep-water drilling must continue, but that competitor British Petroleum's massive Gulf of Mexico spill offers lessons.

BP station owners say that they’re victims also

Tension is mounting between BP and the neighborhood retailers that sell its gasoline.

BP market losses hit $100 billion
BP Plc stock hit a 14-year low on Friday and its credit weakened sharply on talk it needs extra cash to fund the clean-up and compensation bill for the worst oil spill in U.S. history.