Federal lawyers have begun making their case for adding some $13.7 billion in penalties to costs already incurred by BP after the 2010 Gulf oil spill.
Just days after announcing job cuts citing uncertainty in the global oil industry, Schlumberger Ltd. announced a deal to purchase a minority stake in one of Russia's leading energy companies.
The union that represents workers at a Pillsbury plant set for closure expects to meet next month with General Mills officials to discuss the southern Indiana plant's future.
Check out a photo of SpaceX's unsuccessful landing in IMPO's Photo of the Day.
The California eighth-grader has launched a company to develop low-cost machines to print Braille, the tactile writing system for the visually impaired. Tech giant Intel Corp. recently invested in his startup, Braigo Labs.
The team behind a Swiss-made solar-powered aircraft that is attempting to fly around the world said Tuesday the clean-energy plane will stop in India, China and the United States in a historic journey set to begin as early as next month.
In ways large and small, plummeting oil prices are now reverberating through businesses, towns, schools and family budgets, causing confusion and changing plans. With prices having fallen by nearly half in just six months, the potential impact has been sudden and wide ranging.
So far, 2015 is off to a pretty good start in terms of recalls, at least compared to last year. Last year was a spectacularly bad year in recalls.
Factory production increased at the fastest rate in four years in 2014, according to the latest monthly numbers from the Federal Reserve.
The Obama administration's new guidelines regarding relations with Cuba take effect today, potentially opening the Caribbean nation to a wide range of American products.
According to the Associated Press, Lincoln Trail College, an Illinois community college, is planning on adding a petroleum drilling technology degree program to its curriculum this fall. The new addition is designed to help prepare students for careers in hydraulic fracturing, or fracking.
Hydracision is a new lubrication product designed, manufactured, and patented by Oil-Rite Corporation. It distributes oil to many separate points – as few as 12 and as many as hundreds.
U.S. auto safety regulators are investigating engine compartment smoke or fire complaints in two Jeep Cherokees, and air bags that didn't inflate properly in two Nissan Rogues.
U.S. consumer prices fell in December by the largest amount in six years, reflecting another big monthly decline in gas prices and providing further evidence of falling inflation pressures.
Agriculture business giant Monsanto Co. said Thursday it received approval from the Department of Agriculture for new cotton and soybean seeds designed to be used with a new herbicide formula.
Can a farm-to-table mentality also translate to manufacturing and maintain the efficiency of automation? Is “know your farmer” transitioning into “know your product manufacturer,” even if it’s on a newly defined local and global scale? Are mass-produced, unsustainable products getting a “Frankenfood” type of reputation now?
BP has announced it will cut an estimated 200 staff jobs and another 100 contracting jobs in light of falling oil prices.
A newly released study found water discharged from energy drilling operations in the U.S. poses risks to human health and the environment, calling for additional government regulations on the practices.
Factory activity in the Philadelphia region grew at a much slower pace in January compared with the previous month as orders, shipments and hiring tumbled.
U.S. wholesale prices fell in December by the largest amount in more than three years, reflecting the biggest monthly decline in the cost of gasoline in six years.