Gulf of Mexico

A federal judge on Tuesday ordered the White House to temporarily lift access restrictions it imposed on the Associated Press, pending the outcome of a lawsuit filed by the news organization. The restrictions, in place since Feb. 11, had barred AP reporters from Oval Office events, Air Force One...

The White House has barred Associated Press reporters from two of President Donald Trump's media events this week, marking a significant break from longstanding press access norms. The AP said it was blocked because it hadn't changed its stylebook entry for Gulf of Mexico to "Gulf of America" — a...

On Tuesday, Apple Inc. (NASDAQ:AAPL) renamed the Gulf of Mexico to Gulf of America on its Maps app, following an executive order signed by U.S. President Donald Trump on his first day in office. What Happened: The U.S. government officially updated its maps to reflect the new name. Apple is rolling...

The transportation industry is bifurcated by opposing views of spot rates' direction during the second half of 2020. Shippers have started asking carriers for longer contract periods, looking to lock in very low rates. They're putting pressure on carriers by tendering spot loads at prices well...

Indiana-based Steel Dynamics Inc. (NASDAQ: STLD) announced it will build a $1.9 billion mill in Sinton, Texas, about 25 miles northwest of the Port of Corpus Christi. The site for the new mill is strategically located for the southwestern United States and Mexican markets, the company said in a...

What impact will higher than previously expected oil prices have on the North American oil field services sector? Investors can expect continued revenue growth for companies over time as oil prices should sustain levels north of $70 per barrel, according to Bernstein.  The Analyst Bernstein...

Update, 01:09:00pm: In a statement, Texas Petroleum said, "The production platform where the fire occurred gathers oil and then pumps it through a pipeline so there is little oil stored on site and all wells feeding the platform have been shut down. Our company is working with the Coast...

Four years ago this month, BP's (NYSE: BP) Deepwater Horizon oil rig exploded. The accident killed 11 people, injured 17 more and sent oil gushing into the Gulf of Mexico. For three months, engineers struggled to stop the leak. When they finally succeeded, millions of barrels of oil had poured...

For the first time in the new year, markets ended the day on a positive note. While it is only a few days in, markets appear to have started off 2014 on uncertain footing. Investors and traders found some positives in the U.S. trade deficit which fell to its lowest level in four years, an...

The fact that major corporations have lawyers and engage in legal action is neither new nor notable. One prime example is Apple (NASDAQ: AAPL), a company almost as famous for its courtroom battles with Samsung as for its innovative products. Related: Apple's Amazing Litigation Machine Another...

BP (NYSE: BP) is getting frustrated, and it shows. The company has spent a lot of time in the courts lately, but its most recent filing came Monday when it asked the courts to lift an EPA ban on bidding for government contracts. As it stands, BP is unable to bid on any government contracts. The...

Integrated oil and gas company BP plc (NYSE: BP) has come up against a fair amount of criticism in recent years following the 2010 Gulf of Mexico oil spill, with the U.S. Justice Department now calling the company's conduct during that period willful and grossly negligent. Due to the fresh...

An estimated 300-400 pelicans reported from New Orleans have been harmed by BP's [NYSE:BP] oil spill, marking another escalation in wildlife devastation caused by the pipeline in the Gulf of Mexico, according to The Washington Post. The government only counts oiled covered birds collected for...