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.

AP Workboats operate near the Transocean Development Drilling Rig II at the site of the Deepwater Horizon HARRY R. WEBER and COLLEEN LONG, Associated Press Writers 2 hrs 1 min ago NEW ORLEANS Engineers kept vigil Saturday over the massive cap holding back oil from BP's busted Gulf well, their eyes glued to monitors in a faraway control room that ...

BP's oil spill notoriety is reviving unwelcome attention from Congress on another issue: whether the oil company sought the release of convicted Lockerbie bomber Abdel Baset al-Megrahi to help get a $900 million exploration agreement with Libya off the ground.

But, appearing on ABC's "This Week," senior adviser David Axelrod acknowledges that BP's engineers are in "uncharted waters" in dealing with the leak.