List/Grid Tag Archives: oil
Technology’s disasters share long trail of hubris (AP)
WASHINGTON – It’s all so familiar. A technological disaster, then a presidential commission examining what went wrong.
Report: BP ponders Alaska asset sale to Apache (AP)
LONDON – BP PLC is talking with Apache Corp. about possibly selling 12 billion pounds ($18 billion) worth of assets including a stake in Alaska’s Prudhoe Bay oil field, The Sunday Times reported.
New cap, ships could contain Gulf leak by Monday (AP)
NEW ORLEANS – The federal official leading the Gulf oil spill cleanup said Friday a new containment cap and an additional ship collecting oil could effectively contain the spill in the next three days. The work to replace a leaky containment cap on the well head with a tighter one will begin Saturday, National Incident Commander Thad Allen said.
Many deckhands lack documentation for spill claim (AP)
HOPEDALE, La. – In a way, they are the invisible victims of the BP oil disaster: deck hands and other day laborers who get paid in cash, don’t receive W2 forms, may not file tax returns and have little or no way of proving they are losing income because of the spill.
BP’s Hayward flies to Mideast to meet ‘partners’ (AP)
DUBAI, United Arab Emirates – BP’s embattled CEO is in Abu Dhabi to meet business partners amid speculation that the oil giant is looking to drum up cash to cover clean up costs from the Gulf of Mexico oil spill. Chief Executive Tony Hayward arrived in the Emirati capital Tuesday and would be staying “a couple of days,” BP spokesman Andrew Gowers said.
Rough weather curtails some Gulf cleanup work (AP)
NEW ORLEANS – Choppy seas and strong winds are slowing some Gulf oil spill cleanup work even as crews are surveying damage caused by Hurricane Alex. The U.S.
Hopes ride on giant oil skimmer in Gulf of Mexico (AP)
NEW ORLEANS – The latest hopes are riding on a massive new skimmer to clean oil from near the spewing well in the Gulf of Mexico, while a local Louisiana parish’s plan to block the slick has been rejected by federal officials. A 48-hour test of the Taiwanese vessel dubbed “A Whale” began Saturday and was to continue through Sunday.
Chavez formalizes seizure of US-owned oil rigs (AP)
CARACAS, Venezuela – Venezuela took control of 11 oil rigs owned by U.S. driller Helmerich & Payne on Thursday after the company shut them down because the state oil monopoly was behind on payments.
Quigley Introduces Bill to Increase Protections Against Oil and Gas Drilling
Measure would protect coastal habitats of endangered species WASHINGTON (CHICAGOPRESSRELEASE.COM) — Today, U.S. Representative Mike Quigley (D-IL) introduced a bill demanding stronger consideration of environmental impact and protection while drilling…
BP shares jump as analysts weigh takeover scenario (AP)
LONDON – Shares in BP PLC are up more than 9 percent in London, a day after an industry analyst stirred talk of a possible takeover of the British oil company. The flurry of speculation was prompted by JP Morgan Cazenove analyst Fred Lucas, who published a note on Tuesday outling a possible scenario for U.S.