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Tag: bp oil spill

Cuba’s Deepwater Oil Exploration Could Be a Game Changer

by on Mar.05, 2011, under Towing

The delivery of a Chinese-built, Spanish-backed offshore oil rig to Cuban waters has been delayed until summer. But when drilling does begin 90 miles off the Florida coast, it could mean a host of problems — and opportunities — on the energy and the political fronts.

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Cuba’s Deepwater Oil Exploration Could Be a Game Changer originally appeared on DailyFinance on Sat, 05 Mar 2011 08:00:00.

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Oil Spill Panel Recommends Substantial Reforms, Stronger Oversight

by on Jan.11, 2011, under Towing

Oil Spill Panel Recommends Substantial Reforms, Stronger Oversight

Oil industry practices and government rules must be subjected to substantial reform to prevent future accidents similar to BP’s Deepwater Horizon oil rig disaster in the Gulf of Mexico last April, said a report released Tuesday by the presidential panel probing the incident.

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Oil Spill Panel Recommends Substantial Reforms, Stronger Oversight originally appeared on DailyFinance on Tue, 11 Jan 2011 16:19:00.

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BP Station Owners See Business Rebound as Oil Spill Anger Fades

by on Jan.06, 2011, under Towing

BP Station Owners See Business Rebound as Oil Spill Anger Fades

Facing widespread calls for boycotts, owners responded by hammering home the message that the U.K. oil company doesn’t own most of the retail locations that bear its name. Now as anger fades, business is coming back, and few owners ditched the brand.

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BP Station Owners See Business Rebound as Oil Spill Anger Fades originally appeared on DailyFinance on Thu, 06 Jan 2011 15:00:00.

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BP Shares Jump on Reports That Shell Considered Merger Bid

by on Jan.04, 2011, under Towing

Shares of BP (BP) jumped to the highest level in six months on media reports that Royal Dutch Shell (RDS.A) considered bidding for the British company during the Gulf Oil disaster.

BP shares climbed 5% to 488.85 pence at 10:00 GMT, Reuters reported.

British newspaper The Daily Mail reported that Shell considered a bid, but was discouraged by the uncertainty over the size of the compensation claims…

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BP Shares Jump on Reports That Shell Considered Merger Bid originally appeared on DailyFinance on Tue, 04 Jan 2011 07:08:00.

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Oil Industry Plans Record Spending in 2011

by on Dec.29, 2010, under Towing

One would think that BP’s massive Gulf of Mexico oil spill this year would have given pause to the global oil industry, but that doesn’t appear to be the case. Companies in the sector are planning to spend a record $490 billion in 2011, including a large amount for deep-water development.

Continue reading Oil Industry Plans Record Spending in 2011

Oil Industry Plans Record Spending in 2011 originally appeared on DailyFinance on Wed, 29 Dec 2010 09:10:00.

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