Michigan's governor on Wednesday sharply criticized attempts to contain a large oil spill making its way down the Kalamazoo River after the company responsible for the spill said it had redoubled its efforts to clean up the mess.

Valero Energy on Tuesday reported its first profitable quarter since early 2009, as it made more money refining diesel fuel and other products.

BP says a drill rig is hooking back up to the relief well that's seen as the permanent solution to the Gulf oil spill.

New Delhi, July 24, State-run oil marketing firm, Indian Oil Corporation Saturday reported a loss of Rs.3,388.39 crore for the quarter ended June 30 on account of selling fuel below cost.

The number of rigs actively exploring for oil and natural gas in the U.S. increased by 14 this week to 1,585. Houston-based Baker Hughes Inc.

Dairy farmers are faced with a regulation that unintentionally holds them to the same standard for cleaning up spilled milk that a petroleum producer faces to clean up an oil spill, U.S. Sen.

Big Oil wants to be ready next time there's a big mess in the Gulf. The American Petroleum Institute says that ExxonMobil, Chevron Corp., Conoco Phillips and Shell Oil have agreed to pool $1 billion to form a new company that would respond to offshore oil spills.

The government's oil spill chief tried to tamp down fears Tuesday that BP's capped well is buckling under the pressure, saying that seepage detected along the sea floor less than two miles away is coming from an older well no longer in production.

The Obama administration has asked the governments of Scotland and Britain to review the decision last summer to release the Libyan convicted in the Lockerbie airliner bombing.

SPONSOR: Dale Property Services Penn, a Marcellus shale land acquisition partner with Chesapeake Energy, has signed on as a sponsor of the fourth-annual Bridge Invitational Golf Classic, to be held Aug.

Lord Mandelson may be among the high-profile witnesses called to appear before US senators to respond to allegations that pressure from BP played a role in the release of Lockerbie bomber Abdelbaset Ali Mohmed al Megrahi.