The California Coastal Commission fined an oil company a record $18 million on Thursday for repeatedly defying orders to stop work on a corroded pipeline in Santa Barbara County that caused a ...

It was that network of oil lines that suffered a massive spill in 2015, when the Santa Ynez unit was owned by another company. That spill occurred when a corroded pipeline ruptured and released an ...

North American oil stocks shot higher Wednesday, rebounding from early-session declines with a rise in oil futures after President Trump paused his recently imposed tariffs on most countries.

On Friday, the Trump administration ordered his oil-trading company to leave the South American country. Global Oil Terminals, part of a Florida conglomerate owned by Sargeant, lost authorization ...

LIMA, Peru, April 7, 2025 /PRNewswire/ -- Hunt Oil Company of Peru L.L.C., Sucursal del Perú ("HOCP") announced today that it has extended the Expiration Time (as defined below) with respect to ...

SANTA BARBARA, Calif. — In an action cheered by state environmentalists, the California Coastal Commission has voted to fine a Texas-based oil firm $18 million for failing to obtain necessary ...

State oil company Saudi Aramco cut the May official selling price (OSP) for flagship Arab Light crude by $2.30 to $1.20 a barrel above the average of Oman and Dubai prices, a pricing document from ...

By 2019, Exxon and its partners, US oil company Hess and China-headquartered CNOOC, had started producing the fossil fuel. They now pump around 650,000 barrels of oil a day, with plans to more ...

It also took a $10 million charge against assets in Gabon – ahead of an agreement, announced on Monday, to sell its entire Gabonese portfolio Gabon Oil Company, which is owned by the government ...