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Oil & Gas

BP Costs Approach $1 Billion

June 1, 2010
Shares in BP PLC are plunging in London after the oil company''s failed attempt to block the oil leak in the Gulf of Mexico, according to the Associated Press. Shares
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Gulf Awaits Word on Latest Bid to Plug Oil Leak

May 27, 2010
If oil stops flowing to the surface in the Gulf of Mexico, BP officials will know that their latest effort to plug a blown-out undersea well off the Louisiana coast
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Two Groups to Sue BP Under Endangered Species Act

May 26, 2010
Two groups say they''ll sue BP PLC for killing endangered species in the Gulf of Mexico by failing to stop the oil spill and by using dispersants under water and
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BP Outlines Alternatives to Cap Oil Leak

May 25, 2010
MarketWatch reports that BP outlined alternative options to try and plug the oil leak in the Gulf of Mexico if the "top kill" operation due to start within the next
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Oil Arrives on Louisiana Shore

May 20, 2010
Heavy, sticky oil from a massive monthlong spill was starting to clog Louisiana marshes on the Gulf of Mexico as another edge of the partly submerged crude reached a powerful
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Regulators Deny More Time to Build LNG Plant in Alaska

May 19, 2010
According to the Associated Press, federal regulators have denied a request by Yukon Pacific Co. to again give the company more time to build a liquefied natural gas plant in
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MMS Drilling Official Retires in Oil Spill Fallout

May 18, 2010
According to the Associated Press, the federal official overseeing offshore drilling announced his departure Monday in a fallout from the Gulf oil spill and criticism that federal regulators have been
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Gulf Spill May Be in Major Current

May 17, 2010
According to the Associated Press, researchers tracking the massive oil spill in the Gulf of Mexico say computer models show the black ooze may have already entered a major current
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BP Says its Gulf Oil Spill Costs Now $450 Million

May 13, 2010
Global oil company BP PLC said its costs for fighting a massive oil spill in the Gulf of Mexico have risen by $100 million in three days to total about
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Texas Judge Bars BP from Destroying Spill Records

May 12, 2010
A judge in Houston has extended an order barring BP PLC, Transocean Ltd. and other parties in the Gulf oil spill from destroying documents, e-mails and other possible evidence in
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