BP says oil spill compensation fund running out

LONDON: British energy giant BP admitted on Tuesday that its $20 billion (15 billion euro) fund to compensate victims of the 2010 US oil spill disaster has almost run out of cash.

Exxon quarterly profit up slightly

(Reuters) - Exxon Mobil Corp said on Thursday its quarterly profit edged up, helped by higher earnings in its chemicals business but oil and gas production fell.

Exxon oil spill cleanup ongoing in Arkansas, pipeline shut

MAYFLOWER, Ark./HOUSTON (Reuters) - Exxon Mobil Corp continued efforts on Monday to clean up thousands of barrels of heavy Canadian crude oil spilled from a near 65-year-old pipeline in Arkansas, as a debate raged about the safety of transporting rising volumes of the fuel into the United States.

BG Group sees £6bn wiped off its value after production warning

BG Group suffered the biggest one-day share price fall in its history on Wednesday, wiping about £6bn off the value of the company, after warning it would see no growth in its oil and gas production next year.

BP profits slip as 'Gulf spill disposals' hit production

BP reported a bigger-than-expected drop in profits, despite higher oil prices, as production fell after it was forced to sell fields to pay for the Gulf of Mexico oil spill.