OIL SPILL

BP Plc and its partners in the Gulf of Mexico oil spill have unleashed a $100 billion-plus barrage of legal claims against each other a year after the rig blast killed 11 workers and created an environmental disaster.

Oil gushed into the sea one year back will perhaps take months or even years to clean up while it continues to clog wetlands, pollute the ocean and endanger wildlife. Check out the latest pictures taken on April 20, 2011, exactly one year after the environmental disaster hit Gulf of Mexico.

Dead dolphins are washed up on the Gulf Coast in record numbers and the toll has breached 400 in just one year, even as Federal authorities are trying to put a lid on actual numbers and the reasons for unusual deaths.

President Barack Obama told U.S. students on Wednesday that with rapid growth in China and India, global demand for energy will continue to increase and a solution for reducing U.S. dependence on imported oil would require long term solutions, setting out goals for reducing oil imports and boosting the use of alternative electricity sources decades from now.

The U.S. Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) will conduct a recruitment drive across ten universities in the country to hire scientists who can conduct scientific studies, complete National Environmental Policy Act (NEPA) reviews, and fill important positions in environmental compliance.

The government has given BHP Billiton the second new permit to drill in the Gulf of Mexico since the Macondo oil spill, the Bureau of Ocean Energy Management said on Saturday.

March 2, 1011. Prepared at the Federal Reserve Bank of Atlanta and based on information collected on or before February 18, 2011.

A recent expedition to the bottom of the Gulf of Mexico found that last summer's oil spill will likely affect the region for several more years.

He may play Clark Kent’s dad.

Kansas-based Westboro Baptist Church (WBC) raised a cudgel against Anonymous, claiming that its website is under threat from the outfit known for taking down sites with Distributed Denial of Service (DDoS) attacks.

BP had workers on the doomed Deepwater Horizon rig who could have prevented the missteps that led to the massive Gulf of Mexico oil spill, but they were not consulted, the White House oil spill commission said on Thursday. In an expanded report on the causes of the BP drilling disaster that killed 11 workers and ravaged the U.S. Gulf coast last summer, the commission released new details about the events that preceded the BP accident.

U.S. oil giant Chevron Corp. said it will challenge the ruling of an Ecuadorean judge who has ordered it to pay a record $9.5 billion fine after holding it responsible for polluting a wide swath of Amazon rainforest in Ecuador from 1972 to 1992 while it operated in a consortium with state-run Petroecuador.

John Paulson, whose firm now oversees roughly $36 billion, again counted SPDR Gold Trust (GLD.P), AngloGold Ashanti (ANGJ.J), Citigroup (C.N) and Bank of America (BAC.N) as his top four holdings.

Russian gas giant Gazprom is the “least respected” public company in the world, as selected by a group of U.S. money managers in a survey conducted by Barron’s magazine.

The price of crude oil - and the consumer products like gasoline and diesel fuel that are made from it - will head higher in the summer months, said John Hofmeister, former CEO of Shell Oil.

The player who led the New Orleans Saints team to its first NFL title last year has expressed a desire to enter politics at the end of his playing career.

BP, which announced it would pay dividends on its stock this morning, won't be able to this month due to a move by the Alfa-Access-Renova consortium

BP, despite its announcement to pay a dividend once again, has seen its shares drop in early morning trading.

BP reignited doubts about its ability to return to growth on Tuesday as below-forecast profit, disappointing production guidance and new oil spill charges overshadowed the oil major's return to dividend payouts.

The companies whose shares are moving in pre-market trade on Tuesday are: Lexmark International, Archer Daniels Midland, Novellus Systems, Advanced Micro Devices, Monster Worldwide, Eastman Chemical, BP and Ventas.

The companies which are expected to see active trade on Tuesday are: BP, Pfizer, C.H. Robinson, Emerson, United Parcel, McGraw Hill Companies, Lexmark International and Cummins.