Gulf Of Mexico
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Wednesday 05 January 2011
Outlook Not a bad start to the year for BP investors, who saw the oil giant's shares put on almost 6 per cent yesterday thanks to rumours that Shell has been sizing it up.
Friday 24 December 2010
Monday 20 December 2010
Thursday 09 December 2010
Friday 03 December 2010
Horrors unfold in this book like a revenger's tragedy, as lines in the Mexican gangster's codebook are constantly crossed. It becomes acceptable to target the spouses and children of a murdered rival in the drugs trade. Then the guests who attend the funeral; then the police investigating the case; then their families in turn. The ripples of violence spread out inexorably. Bodies are left hanging from traffic bridges for dawn commuters to see, often with a warning message displayed beside them. Those are the bodies that have not been dissolved in the acid baths.
Wednesday 01 December 2010
The Obama administration will maintain a long-standing oil drilling ban in the Gulf of Mexico off Florida after considering loosening it before the BP spill, a senior administration official told The Associated Press today.
Monday 22 November 2010
A radical shake-up of the UK's North Sea oil industry is expected next year.
Thursday 18 November 2010
Delays to deep water oil production in the wake of the devastating Gulf of Mexico spill could reduce global capacity by one million barrels of oil per day, inflating fuel prices and hitting the economy, British company bosses will warn today.
Sunday 14 November 2010
Troubled oil giant BP is expected to start drilling for oil in Ghadames basin in the Sahara desert next month, a milestone in its controversial deal with Libya.
Saturday 13 November 2010
Greenpeace has launched legal action to try to halt deepwater oil drilling off the UK.
Wednesday 03 November 2010
Tuesday 02 November 2010
Oil giant BP announced a return to profit today despite a further hit of 7.7 billion US dollars (£4.8 billion) from the Gulf of Mexico disaster.
Sunday 31 October 2010
All City eyes will be on BP next week as investors look for news on whether the beleaguered oil giant will restore its dividend payment.
Saturday 30 October 2010
The disgraceful episode that was the BP oil disaster in the Gulf of Mexico has become even more so with the news that officials from both Halliburton and BP had been told beforehand that the cement to be used to seal the bottom of the well – and thus prevent such an explosion from occurring – was unstable.
Friday 29 October 2010
Halliburton, a major contractor on BP's doomed Deepwater Horizon oil rig, where a fatal explosion led to the worst-ever offshore oil spill, knew that cement used in the project was unstable but went ahead anyway, a US presidential commission on the disaster has found. The report strengthened BP's case that it shares blame for the Gulf of Mexico disaster with its business partners, and shares in Halliburton fell 16 per cent after the findings.
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