A Bill that seeks to amend the existing law governing exploration and production of oil and gas as well as delink petroleum operations from mining operations was passed by the Lok Sabha on Wednesday (March 12, 2025). The Oilfields (Regulation and Development) Amendment Bill, 2024, is aimed at boosting investment …
Europe's heavy industry is firing a barrage of legal challenges to cuts in the carbon permits they will get up to 2020 - subsidies worth over 4 billion euros ($5.5 billion) - with at least nine firms opening the assault in a Dutch court. Companies including ExxonMobil, Dow Chemical and …
More than two dozen of the nation’s biggest corporations, including the five major oil companies, are planning their future growth on the expectation that the government will force them to pay a price for carbon pollution as a way to control global warming. The development is a striking departure from …
Chevron, Exxon and BP among companies most responsible for climate change since dawn of industrial age, figures show The climate crisis of the 21st century has been caused largely by just 90 companies, which between them produced nearly two-thirds of the greenhouse gas emissions generated since the dawning of the …
The amount of oil found on Louisiana's coast has surged this year, three years after BP's Macondo spill in the U.S. Gulf of Mexico, the state's Coastal Protection & Restoration Authority said. Some 3.01 million pounds of "oily material" were cleaned up on Louisiana's coast from March to August this …
BP Plc won a legal reprieve in its effort to force the administrator of a settlement related to the 2010 Gulf of Mexico oil spill to tighten standards in assessing claims, potentially sparing the oil company billions of dollars of extra costs. A divided 5th U.S. Circuit Court of Appeals …
The muddy deep-sea ecosystem around the massive 2010 Gulf of Mexico oil spill could take decades to recover from the effects of the disaster, researchers reported on Tuesday. The oil spill from BP Plc's Macondo well had its most severe impact on the ecosystem in an area about nine square …
A U.S. appeals court will hold an expedited hearing for a small group of claimants in a Gulf spill settlement with BP Plc, with oral arguments set for the week of November 4, the court said on Friday. BP's settlement with individuals and businesses affected by the 2010 spill in …
A federal judge denied an attempt by BP Plc to suspend payments to people and businesses claiming damages related to the 2010 Gulf of Mexico oil spill, while an investigator looks into possible misconduct in the payout process. The payments are being made under a program set up under a …
BP has been hit with 2,200 lawsuits linked to the 2010 Deepwater Horizon disaster as individuals, companies and government entities scramble to meet a three-year deadline for spill-related claims against the energy group. BP disclosed the lawsuits as it unveiled first-quarter results that beat market expectations by $1bn, thanks to …
The government cleared a slew of infrastructure projects in the power and the oil and gas sectors on Monday, entailing investments to the tune of over Rs 58,000 crore. In the oil and gas sector, the Cabinet Committee on Investment (CCI) cleared 25 exploration and production blocks out of the …
The chief executive of the company that owned the Deepwater Horizon oil rig acknowledged in court on Tuesday that his crew should have done more to avert the 2010 oil well blowout that left 11 dead and soiled hundreds of miles of beaches along the Gulf of Mexico. “Do I …
President Obama on Monday named two people to his cabinet who will be charged with making good on his threat to use the powers of the executive branch to tackle climate change and energy policy if Congress does not act quickly. Mr. Obama nominated Gina McCarthy, a tough-talking native of …
Court reduces company's maximum fine a week before trial over blowout that dumped millions of gallons of oil into Gulf of Mexico A court order, handed down by a judge in New Orleans, means BP will no longer be liable for a maximum of $21bn in fines at next week's …
A Brazilian judge dropped criminal charges against Chevron Corp, Transocean Ltd and 17 of their employees related to a November 2011 offshore oil spill, the companies said on Wednesday. The criminal case, and a civil suit seeking as much as 40 billion reais ($20.4 billion) in damages, have cast a …
A draft document by the Arctic Council fails to define liability for accidents in an icy region opening up due to global warming Arctic nations' plans to start co-operating over oil spills are vague and fail to define companies' liability for any accidents in an icy region opening up due …
BP could be nearing a settlement of federal claims with the U.S. Department of Justice, but people tracking the case closely say the company and coastal states, especially Louisiana, might still be far apart. So unless the talks with the states quicken or the judge delays the process in the …
A federal judge in New Orleans on Tuesday approved an agreement between BP and the Justice Department for the company to plead guilty to 14 criminal charges and pay $4 billion in penalties for the 2010 oil well blowout and spill in the Gulf of Mexico that left 11 workers …
New Delhi: n Petroleum ministry knocks on investment body’s door for clearances Move would benefit RIL, Cairn, BP, BHP Billiton and ONGC The petroleum ministry is set to approach the Prime Minister-led Cabinet Committee on Investment (CCI) for fast-tracking the approvals for 20 offshore exploration blocks, held up for want …
A committee headed by C Rangarajan, the head of the Prime Minister’s Economic Advisory, has suggested linking the price of domestically-produced natural gas to international benchmarks such as US’ Henry Hub as well as the average wellhead price at which India imports gas, government officials said. “The formula balances interests …
BP Plc will pay $4.5 billion in penalties and plead guilty to criminal misconduct in the Deepwater Horizon disaster, which caused the worst U.S. offshore oil spill ever. U.S. Attorney General Eric Holder called the deal a "critical step forward" but was adamant that it did not end the criminal …
