As many leases signed by local landowners in Southern Texas are set to expire in the coming months, oil companies operating in the Eagle Ford well have been ramping up their presence.

News outlets reported on Wednesday that the U.S. government had instituted an indefinite ban on the company from acquiring new federal contracts.

An oil rig in the Gulf of Mexico exploded on the morning of Friday, November 19, leaving four employees in the hospital with burns and two workers dead.

News broke yesterday that British Petroleum, the U.K. oil giant, would pay the U.S. Department of Justice $4.5 billion and admit culpability in the 2010 Deepwater Horizon accident.

The results of a major class-action lawsuit against oil giant British Petroleum (BP) could be forthcoming, according to news reports.

On Friday, a grand jury at the U.S. District Court in Richmond, Virginia, charged five employees of Kolon Industries with stealing trade secrets from DuPont.

In April of this year, Joseph Kaminski filed a lawsuit for breach of contract and unjest enrichment against oil giant BP, claiming that the company stole his technology in order to cap the well at Deepwater Horizon in 2010.

At a Wednesday hearing in Beaumont, Texas, landowners on the proposed Keystone pipeline route presented their case to Judge Tom Rugg.