Not only would more oil rigs of the world’s most beautiful beaches be an eye-sore, but they could also increase the likelihood of an oil spill, threatening local nature and wildlife.

The U.S. Coast Guard has discovered an oil spill in California off the coast of Huntington Beach. Now an investigation is ...

Beach announced today that at least 57% of its forward estimate of 1.5 million barrels of oil sales for the six months between January 1 and 30 June 2009 is underpinned at a minimum of US$60 per ...