IBTimes.com : Oil Spill Topic

Federal Regulators Plan Arctic Oil Spill Response Drills

Fri, 25 May 2012 14:37:36 EDT

The Bureau of Safety and Environmental Enforcement will be conducting a series of possibly unannounced equipment inspections and on-water drills to test the oil spill responsiveness of companies planning to operate off the coast of Alaska in the Arctic Ocean.

U.S. Calls For Exercise In Gulf Of Mexico To Prevent Oil Spill Disasters

Fri, 25 May 2012 11:22:11 EDT

The Department of the Interior on Thursday called for a deepwater oil and natural gas containment exercise, designed to test the oil industry's readiness and capacity to respond to a future accident like the Deepwater Horizon in the Gulf of Mexico.

Cuba's Hope Of Energy Independence Suffers Blow As Repsol Drills Dry Hole

Fri, 18 May 2012 17:17:55 EDT

Cuba's hope of cutting its energy dependence on Venezuela by developing new domestic sources of crude oil has suffered a blow -- the first in a series of exploratory offshore wells is a dry hole.

Oil Sheen Spotted Near Brazilian Offshore Oil Platform

Thu, 17 May 2012 17:00:34 EDT

Brazilian naval authorities are investigating yet another oil sheen seen floating near a platform owned by state oil company Petrobras.

Judge Recuses Herself From Engineer's Criminal Case In 2010 BP Gulf Spill

Thu, 17 May 2012 11:42:31 EDT

Federal judge Jane Triche Milazzo has recused herself this week from the first criminal case stemming from BP's Deepwater Horizon 2010 oil spill.

Two Pre-Season Storms Eyed in Atlantic, Pacific oceans, Could Cause Damages to Gas, Oil Projects in Gulf of Mexico

Tue, 15 May 2012 01:39:21 EDT

Natural gas and oil development projects near the Atlantic Ocean, particularly in the Gulf of Mexico, could be facing potential damages in the coming months with the onset of the rainy season.

Obama, USA and Oil Prices

Mon, 14 May 2012 13:55:21 EDT

The US is becoming the World's fastest growing Crude Oil producer. The United States has become the World's fastest growing Crude Oil producer under President Barack Obama, said a former White House "Green Jobs" advisor.

New BP Oil Spill Photos Show Sad Impact On Animals Two Years After Disaster

Tue, 08 May 2012 11:16:01 EDT

Newly-released BP oil spill photos show the sad impacts the disaster had on sea turtles and other animals two years ago.

Former BP Engineer Kurt Mix Pleads Not Guilty To Destroying Evidence In Oil Spill Probe

Fri, 04 May 2012 16:01:18 EDT

Former BP engineer Kurt Mix pleaded not guilty Thursday in a federal court in New Orleans to charges that he deliberately destroyed evidence requested by authorities probing the 2010 oil spill in the Gulf of Mexico.

Shell Shuts Down Nigerian Pipeline Citing Rampant Theft

Fri, 04 May 2012 15:03:47 EDT

Royal Dutch Shell has shut down the Nembe Creek Trunkline to repair theft-related damage, deferring some 60,000 barrels of crude oil per day.

BP wins delay of Gulf spill trial until 2013

Thu, 03 May 2012 17:42:02 EDT

A trial to assign blame and damages that could total tens of billions of dollars for the 2010 Gulf of Mexico oil spill has been put off until January, in a setback for the U.S. government, which wanted to try its case this summer.

BP Wins Deepwater Horizon Oil Spill Settlement Approval

Thu, 03 May 2012 12:13:39 EDT

BP Plc. (NYSE: BP) won preliminary approval of its proposed $7.8 billion settlement of claims relating to the 2010 Deepwater Horizon oil spill in the Gulf of Mexico.

Rallying banks push FTSE higher

Thu, 03 May 2012 04:49:04 EDT

The top share index rallied on Thursday, led by banking stocks which recovered some of the previous session's falls as investors positioned ahead of a European Central Bank meeting and Friday's key U.S. jobs report.

BP's $7.8 billion Gulf spill pact wins initial court OK

Wed, 02 May 2012 21:21:02 EDT

BP Plc won preliminary court approval of an estimated $7.8 billion (4.82 billion pounds) settlement to resolve more than 100,000 claims by individuals and businesses stemming from the 2010 Gulf of Mexico oil spill.

U.S., Alabama urge no delay in BP oil spill trial

Tue, 01 May 2012 20:35:02 EDT

The U.S. government said a trial to assign blame and damages among BP Plc and others over the 2010 Gulf of Mexico oil spill should not be delayed until after a hearing over a $7.8 billion (4.81 billion pounds)settlement of private party claims.

ConocoPhillips Fined $257M For Chinese Oil Spill

Tue, 01 May 2012 16:56:34 EDT

Houston-based oil ang gas giant ConocoPhillips (NYSE: COP) has been fined $257 million to settle charges brought by the Chinese government following a massive oil spill. The company's Chinese venture partner, CNOOC Ltd., was also fined, to the tune of $76 million.

Alabama urges no delay in BP oil spill trial

Tue, 01 May 2012 15:28:03 EDT

A trial to assign blame and damages among BP Plc and others over the 2010 Gulf of Mexico oil spill should not be delayed until after a hearing over a $7.8 billion (4.81 billion pounds) settlement of private party claims, the state of Alabama said on Tuesday.

BP Earnings Fall As Gulf Spill Costs Continue To Weigh

Tue, 01 May 2012 09:41:11 EDT

BP Plc (BP.L) reported a bigger-than-expected profit drop on the back of a fall in production prompted by the need to sell oil fields to pay for the Gulf of Mexico disaster, raising concerns about the oil group's turnaround plan.

FTSE stays higher as earnings hold sway

Tue, 01 May 2012 07:28:02 EDT

The top share index held firm on Tuesday led by banks as results from Lloyds offered some reassurance, while data on the economy was again bearish and traders remained unconvinced by the overall flow of corporate results.

Lloyds leads FTSE gains, oils fall

Tue, 01 May 2012 04:35:02 EDT

The FTSE 100 bounced higher early on Tuesday, with Lloyds among the top gainers after quarterly results, offsetting a fall in integrated oils led by BP , which reported worse-than-expected results.

BP Profits Fall on Lower Production Following Gulf of Mexico Oil Spill

Tue, 01 May 2012 03:44:55 EDT

Lower production following the Gulf of Mexico oil spill pulls down profits despite the rise in oil prices over the last year

Lloyds leads FTSE higher after first quarter update

Tue, 01 May 2012 03:35:03 EDT

The FTSE 100 bounced higher early on Tuesday, with Lloyds among the top gainers after quarterly results, while PMI data from the UK and the United States will be scrutinised later for guidance as to the health of the global economy.

BP Set to Restructure Business Portfolios, Expects High Margin Production Ahead

Mon, 30 Apr 2012 07:15:49 EDT

British Petroleum Plc expects to divest assets of $38 billion by the end of 2013 as a part of group's decision to actively manage its business portfolios around the world, focusing on core activities and future growth.

BP's $7.8 Billion Settlement Days Away From Preliminary Approval, U.S. Judge Says

Thu, 26 Apr 2012 14:29:32 EDT

The first part in a saga of litigation and claims for damages following the BP 2010 Gulf oil spill is just days away from being finished.

Ian Somerhalder Wants to Play a Greener Vampire

Tue, 24 Apr 2012 20:10:20 EDT

Star of 'The Vampire Diaries' says his immortal character should do more to respect the planet.

First Person Arrested Following BP Gulf Spill Out On Bail

Tue, 24 Apr 2012 17:52:57 EDT

Kurt Mix, a former BP engineer arrested Tuesday for allegedly destroying evidence in the BP Deepwater Horizon investigation, was released on bail.

Gulf Shrimp Processors Ask Judge To Delay $7.8 Billion BP Settlement

Tue, 24 Apr 2012 17:48:08 EDT

Gulf Coast shrimp processors are asking a federal judge to delay final approval of the $7.8 billion settlement between BP and third-party claimants over the 2010 Gulf oil spill.

U.S. Charges Ex-BP Engineer With Obstructing Spill Probe

Tue, 24 Apr 2012 14:23:58 EDT

A former BP Plc engineer was arrested and charged on Tuesday with trying to destroy evidence related to how much oil was spilling from the company's broken well in the Gulf of Mexico in April of 2010, the U.S. Justice Department said.

BP Oil Spill: Former Engineer Kurt Mix First To Be Charged In Deepwater Horizon Disaster

Tue, 24 Apr 2012 14:16:38 EDT

A former BP Engineer is the first to be charged in the Deepwater Horizon disaster of 2010. Kurt Mix, of Katy, TX, has been arrested and accused of deleting text messages detailing how much oil was gushing into the Gulf of Mexico.

Amnesty International Says Royal Dutch Shell Grossly Under-Reported Nigerian Oil Spill

Tue, 24 Apr 2012 12:25:11 EDT

In a report, the human rights group said the oil company reported vastly inferior figures to what really happened in a 2008 oil spill in the Nigerian Delta.

Shrimp processors object to BP oil spill pact

Mon, 23 Apr 2012 17:00:03 EDT

Shrimp processors have asked a federal judge to delay preliminary approval of BP Plc's proposed settlement of economic damage claims from the 2010 Gulf of Mexico oil spill, arguing that it is unfair to parts of the shrimp industry.

Earth Day 2012: Google Doodle Celebrates Earth Day with Animated Flowers [VIDEO]

Sat, 21 Apr 2012 23:53:22 EDT

Earth Day 2012 is celebrated across 192 countries and the latest Google doodle depicts the logo in blooming flowers in a garden.

BP Gulf Oil Spill Destabilizing Marine Ecosystem, Researcher Says

Thu, 19 Apr 2012 19:13:26 EDT

Two years after the Deepwater Horizon disaster, a deep-sea biodiversity study suggests residual oil from the BP blowout threatens the stability of the entire Gulf of Mexico ecosystem.

BP Oil Dispersant May Facilitate Skin Absorption Of Crude Oil

Thu, 19 Apr 2012 18:18:17 EDT

A study conducted along the Florida coast suggests the Gulf of Mexico is far from decontaminated two years after the Deepwater Horizon oil spill, and that a dispersant used in the aftermath of the spill may be partly to blame.

Oil spill fund audit finds underpayments of $64 million

Thu, 19 Apr 2012 17:35:02 EDT

An audit of the $20 billion (12.5 billion pounds) fund for paying victims of the 2010 Gulf of Mexico oil spill found "significant errors" that led to about 7,300 claimants who were underpaid receiving an extra $64 million, the U.S. Justice Department said on Thursday.

BP Finalizes $7.8 Billion Settlement With Gulf Oil Spill Plaintiffs

Wed, 18 Apr 2012 13:37:56 EDT

BP officials announced Wednesday the company has finalized a deal with thousands of plaintiffs for damages sustained as a result of the worst environmental catastrophe in U.S. history.

Deformed Fish, Eyeless Shrimp Linked To BP Oil Spill, Researcher Says

Wed, 18 Apr 2012 13:17:18 EDT

Deformed fish and eyeless shrimp being caught in the gulf is a result of the BP oil spill, a researcher said

BP proposes Gulf spill accord terms, trial delay

Wed, 18 Apr 2012 12:56:02 EDT

BP Plc has reached settlements to resolve billions of dollars of claims from the 2010 Gulf of Mexico oil spill, and asked a U.S. judge for a long delay in any trial over remaining disputes stemming from the disaster.

Offshore Regulations Following Gulf Spill Are Inadequate, Says Commission Report

Wed, 18 Apr 2012 12:45:39 EDT

In its final progress report, the National Commission on the BP Deepwater Horizon oil spill concluded more must be done to prevent a similar disaster in the Gulf of Mexico.

Halliburton profit up, but North America pressured

Wed, 18 Apr 2012 12:28:03 EDT

Halliburton Co , the world's second-largest oilfield services company, reported a higher quarterly profit as North American sales hit a record high despite major challenges, and its shares rose more than 4 percent.

BP, Private Plaintiffs Settle Over Gulf Oil Spill

Wed, 18 Apr 2012 12:25:41 EDT

BP Plc (BP.L) said on Wednesday it reached definitive agreements with well over 100,000 private plaintiffs to resolve claims for economic, property and medical damages resulting from the 2010 Gulf of Mexico oil spill.

Halliburton Q1 profits rise on strong North America sales

Wed, 18 Apr 2012 08:28:02 EDT

Halliburton Co , the world's second-largest oilfield services company, on Wednesday reported higher quarterly profits as North American sales reached a record high, lifting its shares in premarket trading.

Shell: Gulf Oil Slick Dissipating

Fri, 13 Apr 2012 11:03:41 EDT

Royal Dutch Shell (NYSE: RDSA) on Friday said the oil slick first reported Thursday in the Gulf of Mexico is starting to dissipate.

Banks lead FTSE retreat after gains, China data digested

Fri, 13 Apr 2012 05:28:02 EDT

Banks led the benchmark index lower on Friday, following two days of gains, while miners edged higher led by Xstrata after the miner updated the market on its merger with commodities trader Glencore .

Royal Dutch Shell Reports Gulf Oil Leak

Thu, 12 Apr 2012 11:37:53 EDT

Royal Dutch Shell on Thursday announced it has deployed an oil spill response vessel in the Gulf of Mexico after a 10-square mile oil sheen appeared near the company's area of operations.

Britain's FTSE steadies, charts signal gains

Thu, 12 Apr 2012 08:35:03 EDT

Britain's top shares steadied on Thursday as stronger miners on the back of a rise in metals prices offset weaker energy shares, brought down by Royal Dutch Shell that fell on worries over a possible oil spill in the Gulf of Mexico.

FTSE steadies, charts signal gains

Thu, 12 Apr 2012 08:35:02 EDT

Brazil Judge Blocks Injunction Against Chevron

Wed, 11 Apr 2012 17:42:45 EDT

A Judge in Rio de Janeiro state in Brazil blocked a request that Chevron and Transocean's operations in that country be halted following two offshore oil spills.

Chevron Risks $22B As Brazil Files New Oil-Spill Suit

Wed, 04 Apr 2012 13:02:47 EDT

Chevron, the second-biggest U.S. oil company, and Transocean are facing a second civil lawsuit which doubles the amount they may have to pay for two oil leaks off the coast of Brazil.

Brazil Moves Closer To Trying Chevron For Oil Spill

Tue, 03 Apr 2012 15:56:37 EDT

Chevron (NYSE: CVX) and Transocean (NYSE: RIG) will soon know which Brazilian court will preside over a criminal trial stemming from a November 2011 oil spill.