Several major oil companies agreed to a multimillion dollar deal to settle lawsuits surrounding their use of the gasoline additive MTBE, a potential carcinogen that has been found in drinking water.
Companies including BP PLC’s BP America Inc., Chevron Corp., ConocoPhillips, Royal Dutch Shell PLC’s Shell Oil Co., Marathon Oil Corp. and Valero Energy Corp. agreed [...]

U.S. state attorneys general are meeting in Idaho for a conference aimed at addressing the location of power plants, efforts to restrict energy use, renewable energy mandates and other energy-related legal issues likely to arise in the coming years.
Idaho Attorney General Lawrence Wasden told his counterparts from across the country that attorneys general are often [...]

Top coal-burning countries like the United States should start burying carbon dioxide emissions from power plants as a wider crackdown on greenhouse gases looks increasingly likely, according to a study.
The U.S. government should help fund up to five demonstration projects that entomb emissions of the main gas scientists link to global warming, said the study, [...]

Five oil and gas companies, including Shell, ConocoPhillips and BP, have agreed to pay royalties on future production under flawed drilling leases in the Gulf of Mexico, the government said Thursday.
The companies are among 59 energy producers that hold the leases at issue from 1998 and 1999. Because of a government mistake, the leaseholders have [...]

The president of Shell Oil, in Miami for a speech, says it’s time to embrace new energy sources.
In the wake of last year’s hurricanes, the United States narrowly averted a major disruption to its fuel supply on a scale “inconceivable in recent memory,” says Shell Oil Co. president John Hofmeister.
A year later, Hofmeister says he [...]

Inside two half-million-gallon tanks built in the 1950s, a team of microorganisms is preparing to munch its way into the annals of energy innovation.
Late this month, the microbes will start transforming truckloads of restaurant grease into electricity for a water pollution control plant in Millbrae, Calif. The one-of-a-kind setup relieves the city and area eateries [...]

Americans paying $3 per gallon at the pump have it relatively cheap when compared with prices globally, say oil and gas company executives who defend their record profits as essential to maintaining supplies.
In parts of Europe and elsewhere in the West, gasoline prices are more like $5 per gallon to $7 per gallon, said the [...]