OIL SPILL

Scam artists target victims of Gulf oil spill

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An e-mail scam featuring someone purporting to be BP Plc's Chief Executive Tony Hayward is targeting victims of the company's massive Gulf of Mexico oil spill, Florida's attorney general said on Thursday.

Oil eating bacteria helps clean China oil spill

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China's experiment with oil eating bacteria to help clean oil spill areas in its northeast coast near Dalian city was proved to be a success, said country's Maritime Safety Administration. It's the first time that China is making use of bio-technology and bio-oil-absorbing products to solve an environmental pollution issue.
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World stocks ease on U.S. economy outlook

World stocks eased on Friday on a worsening outlook for the U.S. economy that also pushed the dollar to 7-month low against the yen and near a 2-month trough versus the euro.
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BP shares extend bounce on oil spill containment cap

Shares in oil major BP rose 2.7 percent on Tuesday, taking their bounce this month to 28 percent, on signs the Gulf of Mexico oil spill could be contained and on hopes of asset disposals.
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Florida banks seek reprieve from new capital rules: report

Banks in Florida are requesting that U.S. federal regulators exempt them from mandatory higher capital requirements because they are struggling to cope with the BP oil spill, the Wall Street Journal said.
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U.S. issues new drilling ban

The Obama administration issued a new moratorium on deepwater oil drilling on Monday, a move the industry said was unnecessary and would place tens of thousands of jobs at risk.
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U.S. government issues new offshore oil drilling ban

The U.S. Interior Department on Monday formally issued its new offshore oil drilling moratorium, saying it would end by November 30 or sooner and it would no longer be based on water depths.
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U.S. Interior Dept issues new offshore drilling ban

The U.S. Interior Department on Monday formally issued its new drilling moratorium, saying it would end by November 30 or sooner and it would no longer be based on water depths.
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BP in talks with Apache and others on assets: source

Under-pressure BP Plc is in talks with U.S. oil and gas company Apache Corp and other companies over potential asset sales, a source familiar with the situation said on Sunday, as it weighs how to pay costs related to the Gulf of Mexico oil spill.
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Seafood in oil-spill marred Gulf of Mexico not contaminated

The U.S. National Oceanic and Atmospheric Administration (NOAA) and Food and Drug Administration (FDA) have chemically tested seafood from the oil spill-marred Gulf of Mexico and found them to be free from contaminants.
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Court refuses stay in deepwater drilling case

The Obama administration is preparing to unveil a revised deepwater oil drilling moratorium after a federal court refused on Thursday to reinstate an earlier ban imposed after BP Plc's massive oil spill.
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U.S. court refuses stay in deepwater drilling case

The Obama administration is preparing to unveil a revised deepwater oil drilling moratorium after a federal court refused on Thursday to reinstate an earlier ban imposed after BP Plc's massive oil spill.
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Court refuses stay on deepwater drilling

A U.S. appeals court dealt the Obama administration a setback on Thursday when it refused to halt deepwater oil drilling, but analysts said they did not expect companies to begin operations soon.
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Appeals court refuses stay on deepwater drilling

A U.S. appeals court on Thursday rejected the Obama administration's request to put on hold a ruling that lifted a temporary moratorium on deepwater drilling in the wake of the BP Plc oil spill in the Gulf of Mexico.
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New U.S. oil drill ban depends on court decision

A U.S. appeals court said on Thursday it would rule by early next week on whether to stay a lower court decision to lift a six-month ban on deepwater oil drilling imposed by the Obama administration.
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New batfish species found under Gulf oil spill

Researchers have discovered two previously unknown species of bottom-dwelling fish in the Gulf of Mexico, living right in the area affected by the BP oil spill.
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Issuing of new drill ban over BP depends on case

The Obama administration said on Thursday it will immediately issue a revised ban on deepwater drilling if an appeals court does not allow it to reinstate the six-month moratorium it imposed in the wake of the BP oil spill.
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Court fight looms, BP dampens hope of early leak fix

The Obama administration headed to court on Thursday to fight for the moratorium on deepwater drilling it imposed in response to the BP oil spill, while the British oil giant sought to dampen talk it could stop its gushing well this month.
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Wall St climbs on June retail sales and jobs data

Stocks rose on Thursday after several top U.S. retail chains reported better-than-expected sales in June and new claims for jobless benefits fell more than forecast.
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BP dampens hope of early leak fix

BP dampened hopes that it could plug its leaking Gulf of Mexico well sooner than forecast on Thursday, while a battle between the U.S. government and the oil industry over a deepwater drilling ban heads to court.
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U.S. court fight looms over drilling ban

BP is aiming to plug its leaking Gulf of Mexico well by July 27, weeks sooner than forecast, according to a newspaper report on Thursday, while a battle between the U.S. government and the oil industry over a deepwater drilling ban heads to court.

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