
Exxon Mobil Corp. is fighting with the U.S. government to keep control of one of its biggest oil discoveries ever, in a showdown where billions of dollars hang in the balance for both sides. View Full Image The massive Gulf of Mexico discovery contains an estimated one billion barrels of recoverable oil, [...]
August 18, 2011 | Posted in
Business |
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Reuters - The Mississippi River was cresting at Memphis on Tuesday just inches below the all-time record as the swollen wall of water moved south toward the Gulf of Mexico.[Read more...]
May 11, 2011 | Posted in
U.S. |
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The U.S. Army Corps of Engineers began opening the Bonnet Carré Spillway in Louisiana Monday to ease pressure on the levee system protecting New Orleans, continuing the battle against a Mississippi River flood that could crest at Memphis later in the day. View Full Image Associated Press Workers use cranes to remove some [...]
May 9, 2011 | Posted in
U.S. |
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A year after the worst oil spill to strike U.S. waters, oyster beds are struggling along the Gulf of Mexico, the dolphin population is experiencing what the federal government calls an “unusual mortality event,” and red snapper with rotting fins are showing up on fishing lines. But scientists say it’s far too soon to [...]
April 13, 2011 | Posted in
Business |
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Settlements with families of workers killed in last year’s Deepwater Horizon oil-rig explosion are running at $8 million to $9 million so far, a range sharply inflated by companies’ interest in avoiding another possible wave of bad publicity from the accident. View Full Image Associated Press In this Nov. 13, 2010 photo, Nelda [...]
March 30, 2011 | Posted in
U.S. |
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Reuters - A reported “sheen” in the Gulf of Mexico off the coast of Louisiana is likely the result of large amounts of sediment, not spilled oil, the U.S. Coast Guard said on Sunday.[Read more...]
March 21, 2011 | Posted in
U.S. |
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Deepening its already close ties with Russia, BP PLC unveiled a share-swap agreement with OAO Rosneft, that will give the state-controlled Russian oil company a 5% stake in BP and allow the U.K. oil giant to jointly explore and explore and develop parts of the Russian Arctic. The accord represents one of BP’s [...]
January 15, 2011 | Posted in
U.K. |
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The explosion that triggered last year’s Gulf of Mexico oil spill was an avoidable disaster that resulted from management failures by BP PLC and its contractors, a presidential commission has concluded. But the accident also reflected systemic failures by oil companies and regulators to deal with the risks of deep-water exploration, the panel said. [...]
January 7, 2011 | Posted in
U.K. |
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Image 1 of 3 April 2010: Rescue vessels attend the stricken Deepwater Horizon rig in the Gulf of Mexico Photo: EPA Image 1 of 3 BP Deepwater Horizon rig gushed oil into US waters for three months from April to July Photo: EPA [...]
January 6, 2011 | Posted in
Business |
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December 16, 2010 | Posted in
Top Stories |
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