uk.IBTimes.com : Oil Spill Topic

Cuba's Hope Of Energy Independence Suffers Blow As Repsol Drills Dry Hole

Fri, 18 May 2012 17:17:55 +0100

Cuba's hope of cutting its energy dependence on Venezuela by developing new domestic sources of crude oil has suffered a blow -- the first in a series of exploratory offshore wells is a dry hole.

Oil Sheen Spotted Near Brazilian Offshore Oil Platform

Thu, 17 May 2012 17:00:34 +0100

Brazilian naval authorities are investigating yet another oil sheen seen floating near a platform owned by state oil company Petrobras.

Judge Recuses Herself From Engineer's Criminal Case In 2010 BP Gulf Spill

Thu, 17 May 2012 11:42:31 +0100

Federal judge Jane Triche Milazzo has recused herself this week from the first criminal case stemming from BP's Deepwater Horizon 2010 oil spill.

Two Pre-Season Storms Eyed in Atlantic, Pacific oceans, Could Cause Damages to Gas, Oil Projects in Gulf of Mexico

Tue, 15 May 2012 01:39:21 +0100

Natural gas and oil development projects near the Atlantic Ocean, particularly in the Gulf of Mexico, could be facing potential damages in the coming months with the onset of the rainy season.

Obama, USA and Oil Prices

Mon, 14 May 2012 13:55:21 +0100

The US is becoming the World's fastest growing Crude Oil producer. The United States has become the World's fastest growing Crude Oil producer under President Barack Obama, said a former White House "Green Jobs" advisor.

New BP Oil Spill Photos Show Sad Impact On Animals Two Years After Disaster

Tue, 08 May 2012 11:16:01 +0100

Newly-released BP oil spill photos show the sad impacts the disaster had on sea turtles and other animals two years ago.

Former BP Engineer Kurt Mix Pleads Not Guilty To Destroying Evidence In Oil Spill Probe

Fri, 04 May 2012 16:01:18 +0100

Former BP engineer Kurt Mix pleaded not guilty Thursday in a federal court in New Orleans to charges that he deliberately destroyed evidence requested by authorities probing the 2010 oil spill in the Gulf of Mexico.

Shell Shuts Down Nigerian Pipeline Citing Rampant Theft

Fri, 04 May 2012 15:03:47 +0100

Royal Dutch Shell has shut down the Nembe Creek Trunkline to repair theft-related damage, deferring some 60,000 barrels of crude oil per day.

BP wins delay of Gulf spill trial until 2013

Thu, 03 May 2012 17:42:02 +0100

A trial to assign blame and damages that could total tens of billions of dollars for the 2010 Gulf of Mexico oil spill has been put off until January, in a setback for the U.S. government, which wanted to try its case this summer.

BP Wins Deepwater Horizon Oil Spill Settlement Approval

Thu, 03 May 2012 12:13:39 +0100

BP Plc. (NYSE: BP) won preliminary approval of its proposed $7.8 billion settlement of claims relating to the 2010 Deepwater Horizon oil spill in the Gulf of Mexico.

Rallying banks push FTSE higher

Thu, 03 May 2012 04:49:04 +0100

The top share index rallied on Thursday, led by banking stocks which recovered some of the previous session's falls as investors positioned ahead of a European Central Bank meeting and Friday's key U.S. jobs report.

BP's $7.8 billion Gulf spill pact wins initial court OK

Wed, 02 May 2012 21:21:02 +0100

BP Plc won preliminary court approval of an estimated $7.8 billion (4.82 billion pounds) settlement to resolve more than 100,000 claims by individuals and businesses stemming from the 2010 Gulf of Mexico oil spill.

U.S., Alabama urge no delay in BP oil spill trial

Tue, 01 May 2012 20:35:02 +0100

The U.S. government said a trial to assign blame and damages among BP Plc and others over the 2010 Gulf of Mexico oil spill should not be delayed until after a hearing over a $7.8 billion (4.81 billion pounds)settlement of private party claims.

ConocoPhillips Fined $257M For Chinese Oil Spill

Tue, 01 May 2012 16:56:34 +0100

Houston-based oil ang gas giant ConocoPhillips (NYSE: COP) has been fined $257 million to settle charges brought by the Chinese government following a massive oil spill. The company's Chinese venture partner, CNOOC Ltd., was also fined, to the tune of $76 million.

Alabama urges no delay in BP oil spill trial

Tue, 01 May 2012 15:28:03 +0100

A trial to assign blame and damages among BP Plc and others over the 2010 Gulf of Mexico oil spill should not be delayed until after a hearing over a $7.8 billion (4.81 billion pounds) settlement of private party claims, the state of Alabama said on Tuesday.

BP Earnings Fall As Gulf Spill Costs Continue To Weigh

Tue, 01 May 2012 09:41:11 +0100

BP Plc (BP.L) reported a bigger-than-expected profit drop on the back of a fall in production prompted by the need to sell oil fields to pay for the Gulf of Mexico disaster, raising concerns about the oil group's turnaround plan.

FTSE stays higher as earnings hold sway

Tue, 01 May 2012 07:28:02 +0100

The top share index held firm on Tuesday led by banks as results from Lloyds offered some reassurance, while data on the economy was again bearish and traders remained unconvinced by the overall flow of corporate results.

Lloyds leads FTSE gains, oils fall

Tue, 01 May 2012 04:35:02 +0100

The FTSE 100 bounced higher early on Tuesday, with Lloyds among the top gainers after quarterly results, offsetting a fall in integrated oils led by BP , which reported worse-than-expected results.

BP Profits Fall on Lower Production Following Gulf of Mexico Oil Spill

Tue, 01 May 2012 03:44:55 +0100

Lower production following the Gulf of Mexico oil spill pulls down profits despite the rise in oil prices over the last year

Lloyds leads FTSE higher after first quarter update

Tue, 01 May 2012 03:35:03 +0100

The FTSE 100 bounced higher early on Tuesday, with Lloyds among the top gainers after quarterly results, while PMI data from the UK and the United States will be scrutinised later for guidance as to the health of the global economy.

BP Set to Restructure Business Portfolios, Expects High Margin Production Ahead

Mon, 30 Apr 2012 07:15:49 +0100

British Petroleum Plc expects to divest assets of $38 billion by the end of 2013 as a part of group's decision to actively manage its business portfolios around the world, focusing on core activities and future growth.

BP's $7.8 Billion Settlement Days Away From Preliminary Approval, U.S. Judge Says

Thu, 26 Apr 2012 14:29:32 +0100

The first part in a saga of litigation and claims for damages following the BP 2010 Gulf oil spill is just days away from being finished.

Ian Somerhalder Wants to Play a Greener Vampire

Tue, 24 Apr 2012 20:10:20 +0100

Star of 'The Vampire Diaries' says his immortal character should do more to respect the planet.

First Person Arrested Following BP Gulf Spill Out On Bail

Tue, 24 Apr 2012 17:52:57 +0100

Kurt Mix, a former BP engineer arrested Tuesday for allegedly destroying evidence in the BP Deepwater Horizon investigation, was released on bail.

Gulf Shrimp Processors Ask Judge To Delay $7.8 Billion BP Settlement

Tue, 24 Apr 2012 17:48:08 +0100

Gulf Coast shrimp processors are asking a federal judge to delay final approval of the $7.8 billion settlement between BP and third-party claimants over the 2010 Gulf oil spill.

U.S. Charges Ex-BP Engineer With Obstructing Spill Probe

Tue, 24 Apr 2012 14:23:58 +0100

A former BP Plc engineer was arrested and charged on Tuesday with trying to destroy evidence related to how much oil was spilling from the company's broken well in the Gulf of Mexico in April of 2010, the U.S. Justice Department said.

BP Oil Spill: Former Engineer Kurt Mix First To Be Charged In Deepwater Horizon Disaster

Tue, 24 Apr 2012 14:16:38 +0100

A former BP Engineer is the first to be charged in the Deepwater Horizon disaster of 2010. Kurt Mix, of Katy, TX, has been arrested and accused of deleting text messages detailing how much oil was gushing into the Gulf of Mexico.

Amnesty International Says Royal Dutch Shell Grossly Under-Reported Nigerian Oil Spill

Tue, 24 Apr 2012 12:25:11 +0100

In a report, the human rights group said the oil company reported vastly inferior figures to what really happened in a 2008 oil spill in the Nigerian Delta.

Shrimp processors object to BP oil spill pact

Mon, 23 Apr 2012 17:00:03 +0100

Shrimp processors have asked a federal judge to delay preliminary approval of BP Plc's proposed settlement of economic damage claims from the 2010 Gulf of Mexico oil spill, arguing that it is unfair to parts of the shrimp industry.

Earth Day 2012: Google Doodle Celebrates Earth Day with Animated Flowers [VIDEO]

Sat, 21 Apr 2012 23:53:22 +0100

Earth Day 2012 is celebrated across 192 countries and the latest Google doodle depicts the logo in blooming flowers in a garden.