Caribbean and Southeast Asian countries are the most at risk of climate change impacting their credit ratings, Standard & Poor's said on Thursday.» Read More
Top hats and junk shots are on the list of possible next steps as BP, casting about after a 100-ton containment box failed, settles in for a long fight to stop its uncontrolled oil gusher a mile under the Gulf of Mexico.
ExxonMobil Chairman and CEO Rex Tillerson says President Obama made the right call in putting a moratorium on new Gulf of Mexico oil leasing in the wake of the BP disaster.
A 100-ton concrete-and-steel contraption designed to siphon off the oil fouling the Gulf of Mexico was being hauled to the spot in the sea where a blown-out well is spewing hundreds of thousands of gallons of petroleum a day.
A start-up company has broken ground on a Texas pilot plant that is supposed to produce ethanol and diesel in a radical new way: with an organism that sweats fuel.
Talk about timing. As a massive oil spill spreads in the Gulf of Mexico, 70,000 oil industry professionals are gathering in Houston for the Offshore Technology Conference.
When a pipe bursts, your first response is to cup the leak. In the simplest terms, that’s the idea behind a massive structure the company Wild Well is building in Port Fourchon, La., to contain some of the spewing oil from the ongoing BP disaster in the Gulf of Mexico.
The oil spill in the Gulf of Mexico is bad — no one would dispute it. But just how bad? The New York Times explains.
The massive oil spill in the Guld of Mexicso is having ripple effects on U.S. oil and natural gas production. Two offshore natural gas platforms have already been shut down.
A fourth-generation oyster producer in Louisiana told CNBC Monday that the oil spill and its potential impact on his business is “scary.”
Shipping in and around the Gulf of Mexico is business as usual, in spite of the oil spill, in this heavily trafficked area. But should the oil spill spread, higher shipping rates could result, an analyst told CNBC Monday.
Gov. Arnold Schwarzenegger is withdrawing his support of a plan to expand oil drilling off the California coast, citing the environmental tragedy in the Gulf of Mexico.
The owner of Lousiana's largest oyster producer, Motivatit Seafood, says he will have to raise prices if the water where he harvests oysters gets over-run by the coming tide of oil.
BP should be allowed to contain the massive oil spill and head the cleanup operation in the Gulf of Mexico, a leading energy expert told CNBC Monday.
A chemical compound that breaks down oil into droplets so that bacteria can eat it may be part of the solution to Gulf of Mexico oil spill.
While the BP oil spill costs $6 million a day, the wind, the sun, moving water, biomass, and geothermal resources don’t spill. Once the technology is in place to use them, the fuels cost nothing and therefore provide economic and geopolitical certainty.
The surface area of a catastrophic Gulf of Mexico oil spill quickly tripled in size amid growing fears among experts that the slick could become vastly more devastating than expected.
Officials from BP have successfully tested a chemical that attaches itself to oil and weighs it down to the ocean floor, where there are natural forces that absorb the oil, CNBC has learned.
Oil analysts and environmental experts say the economic impact of the Gulf coast oil spill could grow dramatically, as the leak continues and the slick spreads.
High winds and rising surf are forcing the oil to shore more quickly and over a wider space. Florida has declared a disaster area, and there is little doubt that it will affect Mississippi and Alabama, too
Florida's governor says an oil leak fouling the Gulf of Mexico has him rethinking whether drilling off his state's coast is a good idea.