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.
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.
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.
Donald Verrilli Jr., a former partner at Jenner & Block, has been nominated by President Barack Obama to serve as the Solicitor General of the United States.
British Petroleum (NYSE: BP) is said to be considering spilling cash – not oil – to its public shareholders. Shareholders of the oil giant, which is infamous for being responsible for the oil spill off the Gulf coast region in June, the worst oil spill in history, are calling for the company to pay a dividend once again
Algeria expects oil production to remain steady in 2011, while liquefied natural gas (LNG) supply contracts will be met despite reduced capacity, the head of state-owned energy giant Sonatrach said on Tuesday.
Ed Miliband, leader of Britain’s Labour Party, has joined a growing chorus of critics expressing reservations over BP plc’s (NYSE: BP) joint venture with Russian energy giant Rosneft to explore potentially massive oil and gas deposits on the Arctic shelf – BP’s first major deal since last year’s Deepwater Horizon catastrophe.
BP is preparing to announce a major deal with Rosneft, the state-owned Russian energy giant, according to a report from the BBC.
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE), the federal agency, which oversees U.S. offshore drilling, has allowed Shell Offshore Inc. and 12 other oil and gas companies to resume deepwater drilling operations in the Gulf of Mexico without the need to submit revised exploration or development plans for supplemental National Environmental Policy Act (NEPA) reviews.
Some 31 million U.S. television viewers tuned in to see President Barack Obama lead a memorial tribute to victims of the deadly shooting rampage in Tucson, Arizona, according to TV ratings provider Nielsen.
BP Plc, which is tormented by the Gulf of Mexico oil spill, has witnessed a positive development last week when Presidential Commission did not find BP solely responsible for the oil spill.
Better management of oil industry-related companies BP, Halliburton and Transocean could have almost certainly prevented an underwater oil rig blowout last year that led to the largest ever U.S. oil spill, a presidential panel concluded in its final report.
Shares of Halliburton Co. (HAL) and Anadarko Petroleum Corp. (APC) are dropping this morning after a report by a presidential commission into the Gulf of Mexico oil spill from last year spread the blame to various parties, not only BP plc (NYSE: BP).
Shares of BP plc (NYSE: BP) have leapt today partially on a report in the UK newspaper Daily Mail that Royal Dutch Shell (NYSE: RDS.A) may be interested in merging the two global oil giants.
Baldwin sues Costner for misleading in a business deal based on oil-spill cleaning technology
The U.S. Department of Justice (DOJ) has filed a civil lawsuit against energy giant BP Exploration and Production Inc. and eight other companies, accusing them of violating the Clean Water Act and has asked the court to hold them liable without limitation under the Oil Pollution Act for all removal costs and damages caused by the oil spill, including damages to natural resources.
