Fox Lake Towing and Recovery

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.

Continue reading Oil Spill Panel Recommends Substantial Reforms, Stronger Oversight

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

Filed Under: Energy, Company News, BP

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.

Continue reading BP Station Owners See Business Rebound as Oil Spill Anger Fades

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

Filed Under: Energy, Company News, Retail, BP

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.

Filed Under: Energy, Exxon Mobil, BP, Chevron

The Deepwater Horizon disaster in the Gulf of Mexico may have unleashed a chain of events that could extend economically far beyond the region, threatening one of the world’s most lucrative fishing species — the bluefin tuna. The main culprit: the dispersants used to dissolve the oil.

Continue reading The BP Oil Spill’s Long-Term Threat to Bluefin Tuna

The BP Oil Spill’s Long-Term Threat to Bluefin Tuna originally appeared on DailyFinance on Fri, 24 Dec 2010 14:00:00.

Filed Under: Technology, Green, BP

Stephen Baldwin has sued fellow actor Kevin Costner over the sale of technology used to help clean the BP oil spill in the Gulf of Mexico. Baldwin says Costner owes him a share of an $18 million deposit that BP made as part of a larger purchase.

Continue reading Costner Hit With Lawsuit Over Oil-Spill Cleaning Device

Costner Hit With Lawsuit Over Oil-Spill Cleaning Device originally appeared on DailyFinance on Thu, 23 Dec 2010 19:15:00.

Filed Under: Energy, Technology, People, Green