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Shell diverting LNG to Japan to help offset energy supply drop; lifts oil output targets

Tue, 15 Mar 2011 11:52:02 EDT

AMSTERDAM - Royal Dutch Shell PLC said Tuesday it plans to divert liquefied natural gas and fuel oil to Japan to help replace energy sources damaged in last week's earthquake and tsunami.

Oil drops below $98 as radiation leak at Japanese nuclear plant spooks investors

Tue, 15 Mar 2011 09:28:02 EDT

Oil prices slumped below $98 a barrel Tuesday as traders braced for the worst in Japan, where a third explosion in as many days at an earthquake-damaged nuclear plant triggered a radiation leak.

International Energy Agency says Libyan oil exports halted, production down to a 'trickle'

Tue, 15 Mar 2011 08:34:02 EDT

CAIRO - Libya's oil exports have "ground to a halt" because of the fighting between rebels and pro-government forces, and it could be months before the country's crude resurfaces on world markets, the International Energy Agency said Tuesday.

Oil falls to near $99 as radiation leak at Japanese nuclear plant spooks investors

Tue, 15 Mar 2011 04:38:01 EDT

SINGAPORE - Oil prices slid to near $99 a barrel Tuesday in Asia as traders fled risky investments after a third explosion in three days at an earthquake-damaged Japanese nuclear plant triggered a radiation leak.

As Fed faces widening risks, it aims to guard against inflation while also fostering growth

Mon, 14 Mar 2011 16:20:02 EDT

WASHINGTON - Higher oil and food prices. Unemployment near 9 percent. Crises in the Middle East and Japan.

Increase in oil revenue amid unrest in Arab world gives Russia some breathing room

Mon, 21 Mar 2011 10:10:00 EDT

The money is flowing in, but it could bring with it a complacency that will hinder reform.

Increase in oil revenue amid unrest in Arab world gives Russia some breathing room

Sun, 13 Mar 2011 17:36:00 EDT

The money is flowing in, but it could bring with it a complacency that will hinder reform.

Media Files:

Obama keeps his eye on independent voters

Sat, 12 Mar 2011 23:45:05 EST

President Obama's Friday news conference did little to advance U.S. policy on Libya or clarify the White House's position on resolving the budget impasse in Congress. The president nonetheless conveyed one unmistakable impression: He is now focused intently on winning back independent voters.

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Spike in gas prices offsetting U.S. tax cut, Obama says

Fri, 11 Mar 2011 19:12:01 EST

President Obama acknowledged Friday that the fast-rising cost of gasoline could diminish the effect of policies designed to stimulate economic growth, but warned that he is not yet prepared to unleash the nation's energy reserves to bring down the price of oil.

Conventional gas-powered cars starting to match hybrids in fuel efficiency

Wed, 09 Mar 2011 20:56:01 EST

The new Chevrolet Cruze Eco can reach eye-popping fuel economy levels of more than 50 miles per gallon on the highway.

Democratic lawmakers urge Obama to tap oil reserve

Mon, 07 Mar 2011 21:47:03 EST

Is $100-a-barrel oil a national emergency? Some Democratic lawmakers say yes, and assert that now is the time for the United States to dip into its Strategic Petroleum Reserve, which is brimming with 727 million barrels of crude. "We encourage you to consider utilizing the Strategic Petroleum Res...

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Oil soars to more than $100 on Libyan unrest

Wed, 02 Mar 2011 22:50:01 EST

Crude oil prices climbed to a 29-month high in New York on Wednesday, settling at more than $100 for the first time since September 2008 as fighting near key oil ports in Libya fueled anxiety that instability there could be prolonged and might inspire unrest in another oil-exporting nation.

Fed will respond if oil prices trigger inflation, Bernanke says

Wed, 02 Mar 2011 00:00:00 EST

Federal Reserve Chairman Ben S. Bernanke said Tuesday for the first time that the central bank is prepared to take action if rising prices for oil and other commodities either slow the economy or spark inflation.

Despite sanctions, Libya holds extensive reserves

Tue, 01 Mar 2011 20:35:02 EST

Even as its oil receipts slow to a trickle and international sanctions take hold, the Libyan regime of Moammar Gaddafi can fall back on as much as $110 billion in foreign reserve holdings to fund its operations for perhaps months to come.

Rising fuel prices putting everyone in a bind

Sun, 27 Feb 2011 20:28:01 EST

NEW YORK - High fuel prices are putting the squeeze on drivers just as they are starting to feel better about the economy. They also are forcing tough choices on small-business owners, who are loath to charge more for fear of losing cost-conscious customers.

Prices of crude oil and gasoline rise as violence in Libya upsets markets

Fri, 25 Feb 2011 00:20:00 EST

Crude oil prices break through the $100-a-barrel mark, and gasoline prices climb, as violence continues to rock Libya and unsettle oil markets.

Crisis in Libya rocks world's financial markets, boosts crude-oil prices

Tue, 22 Feb 2011 21:10:03 EST

The shots fired in Tripoli, Libya, reverberated throughout the world's financial markets Tuesday, hammering stock markets, boosting crude oil prices and sending investors fleeing toward the relative safety of U.S. Treasury securities.

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Oil spill report lays much blame on BP, who knew of Halliburton weaknesses

Thu, 17 Feb 2011 22:35:01 EST

Presidential oil spill commission's general counsel issues report laying considerable blame on BP's doorstep.

Suit alleges BP cut back on safety before oil spill

Tue, 15 Feb 2011 13:03:00 EST

The New York State comptroller, the Ohio state pension funds and other large investors have alleged that BP made cost-saving cutbacks in its safety operations prior to last year's major oil spill and that it disregarded safety warnings from its own managers.

Three books on the gulf oil spill

Fri, 11 Feb 2011 19:59:00 EST

Three books describe the gulf oil spill disaster, the history of BP, and the nature of U.S. energy policy and regulation of the industry.

Reminder from Egypt: The age of oil isn't going away

Sun, 06 Feb 2011 20:00:00 EST

Just what Egypt's crisis will do to the markets is unclear.

BP announces changes aimed at helping cover costs from gulf oil spill

Tue, 01 Feb 2011 20:57:01 EST

BP said Tuesday that it will restart its suspended dividend payments, put its troubled Texas City refinery up for sale and sell another $13 billion in assets, a move aimed at covering costs flowing from last year's the massive oil spill in the Gulf of Mexico.

Exxon Mobil's profit soars, along with crude oil prices

Mon, 31 Jan 2011 20:13:04 EST

Exxon Mobil profits soar, and so do crude oil prices.

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Switch to geothermal energy improves heating and cooling, and saves money

Mon, 31 Jan 2011 18:19:01 EST

Just before Thanksgiving 2009, my family began heating and cooling our 4,400-square-foot suburban home with geothermal energy. As I wrote in a story that appeared in Health & Science last March, we got rid of our 24-year-old oil-burning furnace and traditional air conditioning, and replaced t...

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Crisis in Egypt spurs fears of impact on global economy

Tue, 01 Feb 2011 00:00:00 EST

Political turbulence in Egypt is casting a pall on world financial markets, driving up the prices of crude oil and food and creating new risks for the shaky world economy in the months ahead.

Great Plains oil pipeline plan sparks grass-roots activism, high-stakes lobbying

Sun, 23 Jan 2011 22:59:00 EST

A massive feat of engineering by any measure, the Keystone pipeline expansion project would transport crude oil close to 1,700 miles from "oil sands" in the icy reaches of Hardisty, Alberta, down through the Great Plains to the refineries of Port Arthur, Tex. In doing so, the giant pipe also prom...

Interior Dept. unveils two agencies to oversee offshore drilling, safety

Wed, 19 Jan 2011 18:49:01 EST

The Obama administration continued to shake up the agency that oversees oil and natural gas drilling, announcing a plan Wednesday to create separate offices to promote energy development and enforce safety.

Oil spill panel calls for tighter federal rules, new fees for drilling

Tue, 11 Jan 2011 21:16:02 EST

The presidential oil spill commission said Tuesday that the federal government should require tougher regulation, stiffer fines and a new industry-run safety organization, recommendations that face an uncertain future in the new Congress.

BP, Transocean, Halliburton blamed by presidential Gulf oil spill commission

Thu, 06 Jan 2011 00:00:00 EST

The presidential oil spill commission on Wednesday blamed the Gulf of Mexico oil spill last year on "missteps and oversights" by oil giant BP, rig owner Transocean and contractor Halliburton, saying those errors were "rooted in systemic failures" and could happen again.

When oil prices rise, Russia has freedom over a barrel

Tue, 04 Jan 2011 00:00:00 EST

Russia's change in tone has a simple explanation: Oil prices have soared.

Coal's burnout: Have investors moved on to cleaner energy sources?

Sat, 01 Jan 2011 17:42:00 EST

The headline news for the coal industry in 2010 was what didn't happen: Construction did not begin on a single new coal-fired power plant in the United States for the second straight year.

Huge natural gas field discovered off Israel's shore

Thu, 30 Dec 2010 22:01:01 EST

TEL AVIV - Israel can look forward to long-term energy security after the discovery of a huge offshore natural gas field, but obstacles lie in exporting its output, experts said Thursday.

BP, 8 other firms sued by Justice Dept. over gulf oil spill

Wed, 15 Dec 2010 20:18:00 EST

The Justice Department sued BP and eight other companies Wednesday over the Gulf of Mexico oil disaster, the federal government's first legal filing in its broad investigation of the worst oil spill in U.S. history.

Afghan government awards oil contract in first phase of revenue-generation plan

Mon, 13 Dec 2010 14:14:02 EST

KABUL - The Afghan government on Monday awarded a small but potentially path-breaking crude oil contract, marking the first phase of an effort that U.S. and Afghan officials say could bring the cash-strapped government significant revenue.

Crude oil prices push toward $90 a barrel

Fri, 10 Dec 2010 20:37:01 EST

Crude oil prices have flirted with the $90 a barrel threshold this week, pushing up gasoline prices at the pumps and crimping consumers in the middle of the peak shopping season.

BP lawyers say Gulf of Mexico oil spill size is overestimated by government

Fri, 03 Dec 2010 22:17:02 EST

BP lawyers have said that government estimates of the size of the Gulf of Mexico oil spill are too big, perhaps by as much as 20 to 50 percent, signaling a dispute that will determine how many billions of dollars of fines BP will have to pay under the Clean Water Act.

Administration reverses offshore drilling policy in eastern gulf, Atlantic

Thu, 02 Dec 2010 00:00:00 EST

The Obama administration announced Wednesday that it will not allow offshore oil drilling in the eastern Gulf of Mexico or off the Atlantic coast through 2017, reversing two key policy changes the president embraced in late March.

BP to sell $7.06 billion in Argentina assets to help cover gulf oil spill costs

Sun, 28 Nov 2010 18:43:00 EST

BP has agreed to sell its share of an Argentina-based oil and gas company for $7.06 billion in cash, bringing to about $21 billion its total sales of assets to help cover costs stemming from the Gulf of Mexico oil spill.

'Culture of complacency' at BP set stage for oil spill, commission chief says

Tue, 09 Nov 2010 21:09:01 EST

Monday was a relatively good day for BP in the glare of oil spill inquiries. Tuesday was a bad day.

Money concerns didn't drive Deepwater Horizon decisions, panel counsel says

Mon, 08 Nov 2010 20:56:00 EST

The chief counsel for the president's oil spill commission said Monday that he had not found any evidence that workers onshore or on the Deepwater Horizon drilling rig cut corners on safety for the sake of saving money before the rig exploded on April 20, killing 11 people.

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Extensive corrosion threatens BP pipelines in Alaska, risking explosions, spills

Tue, 02 Nov 2010 22:13:02 EDT

The extensive pipeline system that moves oil, gas and waste throughout BP's operations in Alaska is plagued by severe corrosion, according to an internal maintenance report generated four weeks ago.

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Kyrgyz contracts fly under the radar

Mon, 01 Nov 2010 17:37:00 EDT

IN BISHKEK, KYRGYZSTAN When U.S. troops moved into Afghanistan in 2001, Douglas Edelman already had a foothold in Central Asia. He'd opened a bar and hamburger joint here in the capital of Kyrgyzstan, the crumbling, outer rim of the former Soviet empire.

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New questions on stability of cement in gulf oil well before explosion

Fri, 29 Oct 2010 10:22:00 EDT

Hours after a presidential commission raised new questions about the safety of the cement mixture intended to temporarily seal BP's Macondo exploration well, oil field service giant Halliburton said the final version of the mixture did not undergo a foam-stability test.

Development in once-rural areas put populations closer to natural gas pipelines

Fri, 29 Oct 2010 08:57:00 EDT

On Sept. 9, a 30-inch natural gas pipeline exploded in the suburban community of San Bruno, Calif., creating a 2,000-degree fireball that killed eight people, destroyed 37 homes and left more than 60 people injured. A gaping crater replaced homes at the center of the blast.

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Oil producers' profits soar amid higher prices

Thu, 28 Oct 2010 22:48:04 EDT

NEW YORK - The major oil companies racked up significant gains in net income for the third quarter by charging more for oil than they could a year ago and making money refining it.

E.U. rules let Iran import, export oil, creating possible split from U.S. policy

Thu, 28 Oct 2010 00:25:00 EDT

TEHRAN - The United States and Europe have worked cooperatively on Iran policy since President Obama took office, but a small crack might have begun to open over sanctions that are beginning to pinch ordinary Iranians.

Calif.'s Prop 23 battle pits Big Oil against environmental concerns

Thu, 21 Oct 2010 12:03:02 EDT

Mix together a couple of big oil refiners, an arch-conservative oil tycoon, "green tech" venture capitalists, a former secretary of state and California's far-reaching climate legislation, and stir.

Overseer of BP fund gets his hands dirty

Wed, 20 Oct 2010 18:36:01 EDT

In June, President Obama tapped lawyer Kenneth R. Feinberg, 64, to oversee the $20 billion account funded by BP to compensate victims of the Gulf Coast oil spill, making him the nation's most famous mediator.

Six months after the spill, BP's money is changing the gulf as much as its oil

Wed, 20 Oct 2010 00:55:00 EDT

VENICE, LA. -- The oil has mostly disappeared. And in southern Louisiana, things are finally looking normal - improbably, blessedly normal - six months after the largest oil spill in U.S. history.

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Chinese oil company, Chesapeake Energy enter deal for shale project in Texas

Sun, 10 Oct 2010 23:06:00 EDT

The China National Offshore Oil Corp. will pay Chesapeake Energy $2.2 billion for a one-third interest in a South Texas oil and natural gas shale project and will pay billions of dollars more for its share of development costs over the next several years.

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BP cost-cutting measures are focus of U.S. inquiry into gulf spill

Fri, 08 Oct 2010 21:43:01 EDT

METAIRIE, LA. - There's been a lot of talk about the "safety culture" at BP in the wake of the Deepwater Horizon disaster in the Gulf of Mexico. Now, federal investigators are probing what looks to them like BP's save-money culture.

As offshore drilling moratorium nears an end, questions about what's next

Thu, 30 Sep 2010 12:17:00 EDT

Interior Secretary Ken Salazar is getting ready to take his finger off what he has called the "pause" button on deepwater oil drilling, with environmentalists and oil industry executives alike worried about what comes next.

Freak accident or frontier enterprise? Deep-water drilling is still a big unknown.

Thu, 30 Sep 2010 00:00:00 EDT

BP's internal report on the causes of the Deepwater Horizon blowout, released earlier this month, summarized the calamity as the result of eight separate breaches of physical and operational barriers, any one of which could have, and should have, stopped the unfolding disaster. The blowout, in the...

Will the oil spill make a drop of difference regarding our attitudes?

Thu, 30 Sep 2010 00:00:00 EDT

On April 20, as lethal amounts of oil and gas crept into the drill pipe of BP's Macondo well in the Gulf of Mexico, the attention of the energy and environmental world was elsewhere.

The road to more fuel-efficient cars is the one less taken by consumers AND automakers

Thu, 30 Sep 2010 00:00:00 EDT

As the U.S. seeks to reduce oil consumption, not all the news is bad: For years, automakers have been selling Americans cars with ever more efficient engines. In fact, a car purchased today is able to extract nearly twice as much power from a gallon of gas as its counterpart did 25 years ago.

BP shuffles top executives

Wed, 29 Sep 2010 18:32:00 EDT


BP prepares to sell bonds for first time since spill

Tue, 28 Sep 2010 23:06:01 EDT

BP is set to to issue $3 billion in bonds. Separately, the Justice Department told a federal judge that, despite the oil spill, there was no reason to revoke BP's probation associated with the 2005 Texas City refinery explosion.

Oil spill commission questions BP's response plan

Mon, 27 Sep 2010 19:13:03 EDT

The two chairmen of the president's Oil Spill Commission, which is conducting an inquiry into the April 20 Deepwater Horizon disaster in the Gulf of Mexico, expressed skepticism Monday about claims from BP and government officials that initial underestimation of the flow rate of the Macondo well had

Media Files:

BP Macondo oil well successfully capped

Sat, 18 Sep 2010 01:48:00 EDT

At last, the well is dead. BP's Macondo oil well is physically incapable of leaking another drop, according to the head of the U.S. government's response effort. Retired Coast Guard Adm. Thad W. Allen said Friday that this discovery was made after a "relief well" finally broke through into the...

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U.S. says oil companies must plug inactive wells in gulf

Wed, 15 Sep 2010 21:23:00 EDT

The Interior Department said Wednesday that oil and gas companies operating in the Gulf of Mexico need to do more to permanently plug nearly 3,000 inactive wells and dismantle about 650 production platforms that are no longer in use.

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BP internal investigation report leaves some things unsaid

Sun, 12 Sep 2010 09:06:00 EDT

Delivering the results of BP's internal oil spill investigation last week, chief investigator Mark Bly said he found no sign that the company cut corners to save money.

In its report on the gulf oil spill, BP spreads the blame

Wed, 08 Sep 2010 22:50:02 EDT

BP rolled out the results Wednesday of a four-month internal investigation into the causes of the April 20 blowout of its Macondo oil well in the Gulf of Mexico, spreading blame among its contractors and giving a glimpse of the defenses it might deploy in public and in court.

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BP releases report on gulf well blowout

Wed, 08 Sep 2010 18:02:01 EDT

BP released a long-awaited report Wednesday on an internal investigation into the causes of its Gulf of Mexico oil well blowout, blaming multiple failures by BP and other firms but absolving its much-criticized well design.

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Oil and gas platform in Gulf of Mexico catches fire

Thu, 02 Sep 2010 23:48:01 EDT

An oil and gas production platform in the Gulf of Mexico caught fire Thursday morning, reigniting the political debate over the safety of offshore wells.

Media Files:

Shallow-water platform fire raises wider questions on oil safety

Thu, 02 Sep 2010 23:48:01 EDT

The fire Thursday at an oil platform off the Louisiana coast may not, in the end, do much harm to the Gulf of Mexico. But it could still mean trouble for both the Obama administration and the oil industry - by raising new questions about the gulf's oil fields.

Environmental groups face their future in climate-change debate

Sun, 29 Aug 2010 21:10:01 EDT

On Thursday, some of the country's most respected environmental groups - in the midst of their biggest political fight in two decades - sent a group of activists to Milwaukee with a message.

'Risk/reward equation' used in building gulf well, BP worker testifies

Fri, 27 Aug 2010 20:22:02 EDT

A BP drilling engineer involved in the planning of the Macondo well declined to testify before a federal investigative panel Friday, invoking through his lawyer his Fifth Amendment right against self-incrimination.

BP's Kent Wells questioned about who had final responsibility in drilling work

Thu, 26 Aug 2010 20:12:01 EDT

HOUSTON - Federal investigators on Thursday grilled BP Senior Vice President Kent Wells on the company's history of safety problems in the Gulf of Mexico and demanded more clarity on who at the company is ultimately responsible, and accountable, for drilling operations.

Lawyers taking center stage in oil-spill investigation

Wed, 25 Aug 2010 20:49:00 EDT

HOUSTON - The Macondo well gushes no more, but the lawyers are just getting started.

How the Minerals Management Service's partnership with industry led to failure

Tue, 24 Aug 2010 22:14:02 EDT

Two weeks after BP's Macondo well blew out in the Gulf of Mexico, the federal government's Minerals Management Service finalized a regulation intended to control the undersea pressures that threaten deepwater drilling operations.

Gasoline prices hit eight-month low

Tue, 24 Aug 2010 00:00:00 EDT

With the end of the summer driving season just around the corner, traders and investors on Monday drove gasoline prices to an eight-month low on U.S. commodities markets, providing the latest sign of pessimism about the economic recovery.

Federal investigators again try to question BP spill witnesses

Mon, 23 Aug 2010 00:00:00 EDT

A federal investigative panel will begin its next round of hearings Monday into the Deepwater Horizon disaster and call witnesses who can address alleged shortcuts in the drilling of the BP oil well, problems with the failed blowout preventer and the confused scene after an explosion on the rig.

With BP's know-how and U.S. authority, the Macondo well was plugged

Sat, 21 Aug 2010 00:00:00 EDT

It was awkward from the start, this marriage of necessity between BP and the federal government. The government had ultimate authority; BP had the technology to plug the Macondo well. Something known as the National Contingency Plan called for a "unified command" in which government officials would...

Gulf Coast on edge as 9/11 mediator assesses oil spill claims

Sat, 21 Aug 2010 00:00:00 EDT

On Monday, Kenneth R. Feinberg -- Washington's expert in the messy business of valuing tragedy in dollars and cents -- officially takes over one of the messiest cases of his career.

Academic scientists say oil from gulf spill is not going away quickly

Fri, 20 Aug 2010 00:00:00 EDT

Academic scientists are challenging the Obama administration's assertion that most of BP's oil in the Gulf of Mexico is either gone or rapidly disappearing -- with one group Thursday announcing the discovery of a 22-mile "plume" of oil that shows little sign of vanishing.

Transocean accuses BP of withholding data on Deepwater Horizon and oil spill

Fri, 20 Aug 2010 00:00:00 EDT

Even as they work together to kill the Macondo well in the Gulf of Mexico, the oil giant BP and the deep-water drilling rig company Transocean are in an increasingly bitter battle over what went wrong on April 20 to trigger America's worst oil spill.

As gulf cleanup continues, BP will also struggle to clean up its brand

Thu, 19 Aug 2010 00:00:00 EDT

HOUSTON -- The protesters have stopped coming here to wave angry signs in front of BP's large office campus. The boycotts of BP gas stations are tapering off, too -- both signs that the energy company's plug of the spewing Gulf of Mexico oil well is quieting its loudest critics.

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Waste from BP oil spill cleanup has gulf residents near landfills concerned

Mon, 16 Aug 2010 00:00:00 EDT

GRAND ISLE, LA. -- The pile of soiled boom sitting more than four feet high and cooking under the summer sun at an abandoned shipyard here will be a part of the oil spill that endures.

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Early cleanup efforts of gulf oil spill marred by communication woes, scammers

Sat, 14 Aug 2010 00:00:00 EDT

PASCAGOULA, MISS. -- Johnny Ray Harris hunted for oil in the gulf near his home for 45 days straight, radioing in coordinates to cleanup crews when he spotted large, inky patches floating in the choppy waters.

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Nuclear energy has environmental pluses; safety remains an issue

Tue, 10 Aug 2010 00:00:00 EDT

I thought nuclear reactors were an absolute no-go for environmentalists. But I keep hearing them touted as a clean energy source. What are nuclear energy's green credentials?

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As oil spill cleanup shifts gears, gulf residents fear they'll be forgotten

Mon, 09 Aug 2010 00:00:00 EDT

BURAS, LA. -- Obama administration officials promised Sunday to remain focused on the Gulf Coast -- punishing BP for the worst oil spill in U.S. history, and cleaning up what remains of the mess.

With well under control, administration focus shifts

Sun, 08 Aug 2010 16:58:00 EDT

With growing indications that BP has at last brought its rogue well under control in the Gulf of Mexico, the Obama administration is increasingly focused on the energy giant's legal responsibilities for the massive spill, as well as on operational lessons for the oil industry.

As the green economy grows, the 'dirty rich' are fading away

Sun, 08 Aug 2010 00:00:00 EDT

So the blown-out oil well in the gulf has finally stopped gushing, plugged with heavy mud and awaiting the ultimate "kill" by a relief well. Yet, even with the largest oil spill in the nation's history in the background, what seems to have been killed much more quickly is Washington's will to tak...

Oil spill in Michigan's Kalamazoo River has echoes of Gulf of Mexico disaster

Fri, 06 Aug 2010 00:00:00 EDT

MARSHALL, MICH. -- In the Summer of the Spill, history is already repeating itself, this time in Michigan.

BP finishes pumping cement in final stage of 'static kill'

Thu, 05 Aug 2010 17:07:02 EDT

BP has finished pumping cement into the blown-out Macondo well in the Gulf of Mexico as part of its efforts to permanently plug the source of the nation's worst oil spill, the company said Thursday.

'Static kill' of oil well deemed a success; gulf waters begin clearing

Thu, 05 Aug 2010 00:00:00 EDT

On the 107th day of the Deepwater Horizon disaster, the Macondo well became an apparently harmless hole in the seafloor, clogged with 13-pound-per-gallon gunk, and barely more of a threat to spew oil into the Gulf of Mexico than to start gushing lemonade.

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BP reports 'static kill' success; scientists say majority of oil has been dispersed, removed

Wed, 04 Aug 2010 15:54:00 EDT

A procedure to pump heavy mud into the blown-out BP oil well in the Gulf of Mexico has succeeded in plugging it, officials said Wednesday, and government scientists reported that most of the crude that gushed from it for three months has dissipated or been removed from the water.

BP's fight against energy nonprofit highlights murky world of advocacy-for-hire

Wed, 04 Aug 2010 00:00:00 EDT

Days after the Deepwater Horizon oil rig sank in the Gulf of Mexico, a conservative nonprofit group called the Institute for Energy Research asked BP to contribute $100,000 for a media campaign it was launching in defense of the oil industry.

Oil spill dumped 4.9 million barrels into Gulf of Mexico, latest measure shows

Tue, 03 Aug 2010 00:00:00 EDT

The blown-out well in the Gulf of Mexico gushed 12 times faster than the government and BP estimated in the early weeks of the crisis and has spilled a whopping 4.9 million barrels, or 205.8 million gallons, according to a more detailed analysis announced late Monday.

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BP aims to plug gulf oil well for good with two-pronged 'kill' shot

Mon, 02 Aug 2010 16:41:00 EDT

BP plans to begin easing mud into its runaway well in the Gulf of Mexico by Monday night, a preliminary step in a "static kill" procedure that potentially could kill the Macondo well by midweek.

Shale gas: Hope for our energy future

Mon, 02 Aug 2010 00:00:00 EDT

No longer do scarce U.S. natural gas reserves suggest increasing foreign dependence.

Documents indicate heavy use of dispersants in gulf oil spill

Sun, 01 Aug 2010 00:00:00 EDT

While the BP well was still gushing, the Obama administration issued an order that limited the spreading of controversial dispersant chemicals on the Gulf of Mexico's surface. Their use, officials said, should be restricted to "rare cases."

Oil spill highlights conflict-of-interest issue within investigation agency

Sat, 31 Jul 2010 00:00:00 EDT

David Dykes -- the federal regulator now leading his agency's investigation of the BP oil spill -- has spent five years as a senior investigator and office chief enforcing oil industry safety in the Gulf of Mexico. For much of that time, his brother was a top executive at an energy company with...

Majority of spilled oil in Gulf of Mexico unaccounted for in government data

Thu, 29 Jul 2010 00:00:00 EDT

Was Tony Hayward right, after all? Back in May, BP's chief executive told a British newspaper that "the Gulf of Mexico is a very big ocean," and the vast amounts of oil and chemical dispersants dumped into it were small by comparison. After he said that, BP's well leaked for two more months. Hayw...

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BP names Dudley as CEO, announces $17 billion loss

Wed, 28 Jul 2010 00:00:00 EDT

BP gave investors a glimpse of its future Tuesday, one that will feature a new American chief executive, slimmed-down operations, and $32.2 billion or more in payments to clean up and compensate people affected by the massive oil spill in the Gulf of Mexico.

BP to cut U.S. tax bill by $10 billion because of losses in gulf spill

Tue, 27 Jul 2010 23:56:01 EDT

BP said Tuesday that it plans to cut its U.S. tax bill by $9.9 billion, or about half the amount pledged to aid victims of the disaster, by deducting costs related to the oil spill.