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Oil & Gas

Gulf Drilling Halt Stings Oil Service Companies

June 17, 2010
The moratorium on deepwater drilling in the Gulf of Mexico has begun to bite oilfield service companies, with market analysts now forecasting lower than expected spending on new projects in
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BP Opens Second Containment System

June 16, 2010
On Wednesday BP began collecting crude oil from a second containment system that the company hopes will help stem the thousands of barrels escaping from their damaged well in the
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BP Cut Corners in Days Before Blowout

June 15, 2010
The Associated Press reports BP made a series of money-saving shortcuts and blunders that increased the danger of an oil spill from a well that an engineer described as a
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BP Shareholders File Lawsuit Over Gulf Oil Spill

June 10, 2010
Citing the company''s history of safety lapses, cost cutting, and workplace disasters, shareholders who purchased stock in BP have filed a class-action lawsuit based on claims that the company mislead
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Second Gas Line Explosion Kills Two More in Texas Panhandle

June 9, 2010
According to the Associated Press, two men removing clay from a pit in a remote part of the Texas Panhandle were killed when a natural gas line exploded, a sheriff
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Oil Shear Coupler Brakes Reduce Maintenance, Downtime and Inventory

June 9, 2010
The coupler brake mounts to the working end of a standard C-face motor eliminating the need for a special brake motor. This means the motor can be used for non-brake
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Indian Court Convicts Seven in Bhopal Gas Tragedy

June 8, 2010
The Associated Press reports that an Indian court convicted seven former senior employees of Union Carbide''s Indian subsidiary of "death by negligence" for their roles in the Bhopal gas tragedy
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Iraq Says its Oil Supply will Help Stabilize Price

June 8, 2010
Iraqi''s oil minister said an expected surge in his country''s oil supply over the next few years will provide a "safety valve" to stabilize volatile oil prices, the Associated Press
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BP’s Latest Experiment in Gulf Spill Hits Snag

June 3, 2010
The Associated Press reports that BP fumbled its latest underwater experiment with the wild Gulf gusher. First, a 100-ton, four-story box couldn''t contain the spill because ice-like crystals clogged the
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Oil Nears Florida as BP Tries Risky Cap Move

June 2, 2010
As submersible robots made another risky attempt to control the underwater Gulf oil gusher, the crude on the surface spread, closing in on Florida, according to the Associated Press. After
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