The U.S. Gulf region must repair not only the damage from the BP oil spill but also that caused by decades of environmental abuse, Environmental Protection Agency Administrator Lisa Jackson said on Monday. Get the full story »
Inside these posts: Oil
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Toxic chemicals found deep at oil spill site
Toxic chemicals at levels high enough to kill sea animals extended deep underwater soon after the BP oil spill, U.S. researchers reported Tuesday.
They found evidence of the chemicals as deep as 3,300 feet
and as far away as 8 miles in May, and said the spread likely worsened as more oil spilled. Get the full story »
Judge releases Halliburton cement to investigators
A New Orleans federal judge overseeing litigation on the Deepwater Horizon drilling disaster signed an order to release materials Halliburton used in the cementing job on BP’s blown-out Macondo well to federal investigators. Get the full story »
Oil slips on economic worry awaiting Fed move
Oil prices fell on Friday after data showing tepid U.S. economic growth in the third quarter left investors cautious ahead of expected monetary easing from the U.S. Federal Reserve. Get the full story »
BP, Halliburton knew of cement flaws before spill
From The New York Times | Halliburton and BP knew weeks before the blast on a rig in the Gulf of Mexico that the cement mixture they planned to use to seal the well was unstable, a commission found.
Shell CEO criticizes Gulf spill
The head of Royal Dutch Shell says that his company would never have made the mistakes that led to BP’s devastating Gulf of Mexico oil spill. Get the full story »
Oil prices fall as dollar strengthens
Oil prices slipped Monday as the dollar strengthened and traders hunkered down ahead of some important economic news later this week. Get the full story »
Oil prices drop as demand concerns resurface
Oil prices retreated on Thursday after rising past $84 a barrel earlier in the session. Benchmark oil for November delivery lost 35 cents at $82.88 a barrel on the New York Mercantile Exchange. Get the full story »
Quantitative easing could boost oil price
Further quantitative easing by the U.S. Federal Reserve could push oil prices to an average of $83 next year even if demand remains weak, analysts at Bank of America Merrill Lynch said on Friday. Get the full story »
BP says costs of oil spill rise to $11.2 billion
BP named the Gulf of Mexico assets that it will use to help finance the $20 billion fund for victims of its oil spill and said the cost of dealing with the disaster had risen to $11.2 billion. Get the full story »
BP to create new safety unit
BP says it will create a new safety division in the aftermath of this summer’s oil spill disaster in the Gulf of Mexico. The “powerful“ new unit “will have authority to intervene in all aspects of BP’s technical activities,“ the company said in a statement Wednesday. Get the full story »
Ill. pipeline spill cleanup estimated up to $60M
The company behind a pipeline leak this month near Chicago estimates it will cost up to $60 million to clean up the area where hundreds of thousands of gallons of oil spilled.
Enbridge Energy Partners LP said Wednesday its estimate of $40 million to $60 million doesn’t include potential penalties. It said insurance money should reduce the total charge for the cleanup to $10 million to $15 million. Get the full story »
Oil jumps above $75 as S&P 500 hits 4-month peak
Oil prices rose on Monday, snapping a four-day slump and lifted by a rallying equities market expecting the U.S. Federal Reserve to keep its policies steady at a meeting this week and bouncing after crude prices slumped 3.7 percent last week. Get the full story »
Enbridge restarts Chicago-area pipeline
Enbridge Inc. says it has restarted a pipeline that spilled oil in the Chicago area last week. Get the full story »
