BP Will Join Other Oil Giants in Spill Response Group

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.

Sponsored Links

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: , , , , , ,

10 Signs the U.S. Economy Is Still on Shaky Ground

It has been two years since Lehman Brothers went under, sparking the Great Recession. While the banks have done surprisingly well in past two years, the economy is still struggling to recover and millions remain out of work. He…

Enbridge Closes Another Oil Pipeline

Enbridge Inc. (ENB) closed another oil pipeline after spotting a possible leak in New York. It’s the third pipeline Enbridge has closed since July, following leaks in Illinois and Michigan, the Associated Press reported.

Sponsored Links

Enbridge said a 91-mile pipeline that runs from Ontario, Canada, to New York was closed after about a gallon of petroleum-based product was discovered in a sewer…

Continue reading Enbridge Closes Another Oil Pipeline

Enbridge Closes Another Oil Pipeline originally appeared on DailyFinance on Tue, 14 Sep 2010 07:32:00.

Filed Under: , , ,

Enbridge Says it Recovered Most of the Oil From Damaged Pipe

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.

Sponsored Links

“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: , , ,