'Significant' Oil Hits Mississippi Shores - Officials
28th Jun 2010 01:24
NEW ORLEANS (AFP)--A "significant" amount of emulsified oil has washed ashore in Mississippi for the first time since the massive Gulf of Mexico oil spill began 10 weeks ago, state officials said Sunday. The governor's office said tides of the weathered brown-orange mess that has reached once-pr
Read moreBP Oil Retrieval Slows A Bit Monday Morning
28th Jun 2010 00:33
DOW JONES NEWSWIRES BP PLC's (BP, BP.LN) oil-recovery operations slowed modestly during the first 12 hours of Monday. Although Tropical Storm Alex--the first named storm of the 2010 hurricane season--veered away from the flotilla of responders above the broken well in the Gulf of Mexico, ex
Read moreAmid Moratorium, Allis-Chalmers Looks for Other Business
28th Jun 2010 00:29
By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--As uncertainty about the direction of offshore drilling in the U.S. persists following a BP PLC (BP, BP.LN) oil spill, companies like Allis-Chalmers Energy Inc. (ALY) provide clues about the response by U.S. business. The H
Read moreOPEC Secretary General: Current Oil Prices 'Comfortable'
27th Jun 2010 17:59
BRUSSELS (Dow Jones)--Current oil prices are "comfortable," and there will be no change in production strategy, nor other meetings before the planned one in October, the Secretary General of the Organization of Petroleum Exporting Countries said Sunday. "Current prices are comfortable," Abdalla
Read moreTropical Storm Alex No Longer Headed For Oil Spill
27th Jun 2010 15:54
NEW ORLEANS (Dow Jones)--BP PLC and federal responders look to have dodged Tropical Storm Alex, which is on course to make landfall far to the west of the leaking oil well in the Gulf of Mexico. Alex is currently crossing over the Yucatan Peninsula, but is expected to cross into the southwest Gu
Read moreBP To Pursue GBP470M Insurance Claim Against Transocean-Report
27th Jun 2010 12:37
LONDON (Dow Jones)--U.K. oil major BP PLC (BP) has given notice it intends to claim GBP470 million against rig owner Transocean Ltd.'s (RIG) insurance policy for its part in the Deepwater Horizon rig disaster, the Mail on Sunday newspaper reports, without citing sources. However, the newspaper s
Read moreBP May Plug Oil Leak Earlier Than Expected In Mid-July -Report
27th Jun 2010 11:13
LONDON (Dow Jones)--U.K. oil major BP PLC (BP) may be able to plug its leaking Gulf Of Mexico oil well within a fortnight, as the operation to close the well is further ahead than the company has disclosed, the Sunday Times reports citing engineering experts. The newspaper says engineer sources
Read moreTropical Storm Alex Moves Toward Gulf Of Mexico
27th Jun 2010 11:09
MIAMI (AFP)--Tropical Storm Alex, the first of the Atlantic season, moved northwest across the Yucatan Peninsula early Sunday, raising fears it could complicate efforts to clean up the Gulf of Mexico oil spill. The storm, which has weakened substantially, was likely to miss the spill area if it
Read moreTropical Storm Alex Hits Belize, Threatens Gulf
27th Jun 2010 04:30
MIAMI (AFP)--Tropical Storm Alex, the first of the Atlantic season, made landfall in Belize late Saturday as it caused concern for efforts to clean up the massive Gulf of Mexico oil spill, US forecasters said. The storm is likely to miss the spill area if it stays on its current track, but it bu
Read more2nd UPDATE: Stormy Conditions Could Hamper Gulf Oil Spill Cleanup
27th Jun 2010 02:26
NEW ORLEANS (AFP)--Tropical Storm Alex veered away from the Gulf of Mexico oil spill Saturday but experts warned that strong waves and winds could still upset efforts to halt the environmental disaster. With oil continually gushing into the fragile waters for the past 68 days, President Barack O
Read moreUPDATE: UK Cameron: G-20 Support For UK Austerity
27th Jun 2010 00:49
(Updates with further quotes) By Laurence Norman Of DOW JONES NEWSWIRES TORONTO (Dow Jones)--U.K. Prime Minister David Cameron completed his first major international conference Sunday claiming support for his government's austerity agenda and calling for a new approach to global trade ta
Read moreUPDATE:BP Oil Recovery Improves, Tropical Storm Raises Concerns
26th Jun 2010 18:32
(Updates with spill, storm response details from Coast Guard Admiral Thad Allen.) NEW ORLEANS (Dow Jones)--BP PLC (BP, BP.LN) is on track to double the amount of oil collected from a leaking well in the Gulf of Mexico next week, but Tropical Storm Alex threatens to interrupt efforts to contain t
Read moreAdm. Allen: Will Decide Next Week Whether To Evacuate Well Site
26th Jun 2010 17:52
NEW ORLEANS (Dow Jones)--The U.S. Coast Guard will decide in the next few days whether to halt oil containment efforts in the Gulf of Mexico ahead of Tropical Storm Alex, Admiral Thad Allen said Saturday. Evacuating for the storm would interrupt oil containment for about two weeks, he said in a
Read moreBP Oil Recovery Improves, Tropical Storm Alex Raises Concerns
26th Jun 2010 15:35
DOW JONES NEWSWIRES BP recovered slightly more oil from a leaking well in the Gulf of Mexico on Friday, but the approach of Tropical Storm Alex may complicate cleanup efforts. The oil company said in a statement Saturday that 24,550 barrels of oil were recovered Friday from the well off the
Read moreDOJ Asks Court To Stay Drilling Moratorium Ruling Until Appeal
25th Jun 2010 23:42
By Tennille Tracy Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The Obama administration has asked a court to allow it to maintain a moratorium on offshore oil drilling until it can appeal an earlier ruling that struck down its ban. In a motion filed Friday with the Fifth U.S. Circuit C
Read more