Crude oil prices moved above $83 Monday — from just above $70 only two months ago. There are a number of causes for the increased price of crude, among them the growth in demand for oil in China.
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BP (BP) will join an oil spill response group formed by fellow oil giants Exxon Mobil (XOM), ConocoPhillips (COP), Chevron (CVX) and Royal Dutch Shell (RDS.A).
BP will make its underwater well containment equipment and personnel available to the group, called the Marine Well Containment Co., The Washington Post said.
The other four oil companies said they would spend $1 billion on…
Continue reading BP Will Join Other Oil Giants in Spill Response Group
BP Will Join Other Oil Giants in Spill Response Group originally appeared on DailyFinance on Tue, 21 Sep 2010 06:49:00.
Filed Under: Energy, Company News, Technology, Exxon Mobil, Green, BP, Chevron
The 34-inch pipe in Romeoville, Ill., 30 miles southwest of Chicago, is still shut, with no indication of when it will reopen. Enbridge said it collected about 6,050 of the 6,100 barrels that leaked.
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Enbridge Energy Partners (EEP) drained most of the oil from a damaged pipeline that had disrupted imports from Canada.
The 34-inch pipe in Romeoville, Illinois, 30 miles southwest of Chicago, is still shut, with no indication of when it will re-open, Bloomberg News reported. The company said it collected about 6,050 of the 6,100 barrels that leaked.
“Enbridge’s schedulers are working…
Continue reading Enbridge Says it Recovered Most of the Oil From Damaged Pipe
Enbridge Says it Recovered Most of the Oil From Damaged Pipe originally appeared on DailyFinance on Mon, 13 Sep 2010 08:53:00.
Filed Under: Energy, Company News, Technology, Green