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Oil & Gas

ATP Shares Rise on Deepwater Drilling Clearance

Shares of ATP Oil & Gas Corp. rose Tuesday after the U.S. allowed it to resume deepwater drilling operations in the Gulf of Mexico, according to the Associated Press. ATP,
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Gulf Resources Agrees to Acquire Crude Salt Field

PRNewswire reports that Gulf Resources, Inc., a manufacturer of bromine, crude salt and specialty chemical products in China, announced that its wholly-owned subsidiary Shouguang City Haoyuan Chemical Company Limited has
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BP''s Spill Costs Likely to Stay Below $60 Billion

According to the Associated Press, cleanup, government fines, lawsuits, legal fees and damage claims from BP’s Gulf oil spill will likely exceed the $40 billion that BP has publicly estimated,
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