Topic: BP plc
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What recovery? Top 10 cities losing jobs
For some regions of the US, talk of an economic recovery is more wishful thinking than reality. Here are the top 10 metropolitan areas that continue to struggle with unemployment, from the Carpet Capital of the World to the home of an Ivy League university.
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World's cheapest gas: Top 10 countries
While Americans and Europeans bemoan the cost of gasoline at the pumps, people in some other parts of the world enjoy filling up their tanks cheaply thanks to subsidies provided by wealthy, oil-rich governments. Here are the 10 cheapest countries on Earth to fill a gas tank.
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In Pictures: It's Mardi Gras time all over the world!
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Amazon's top 10 book picks for November
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In Pictures: Military helicopters
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Energy Voices BP delays $10 billion Gulf of Mexico project due to rising costs
BP's largest new oil project in the Gulf, called Mad Dog Phase 2, sits atop a 4 billion barrel oil field. BP blames 'market conditions and industry inflation' for delay.
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Energy Voices House aims to expand oil drilling in Gulf of Mexico
Members of the US House of Representatives last week proposed legislation that would open up more areas for oil drillers offshore, Graeber writes. Lawmakers say getting more work done in the Gulf of Mexico would ensure energy independence.
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Energy Voices Why peak oil demand is already a major problem
Oil demand has to do with how much oil we can afford, Tverberg writes, and many of the developed nations are not able to outbid the developing nations when it comes to the world’s limited oil supply.
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BP trial witness says well 'drilled safely' in Gulf oil spill
BP called its first witness Monday in the trial over the deadly Deepwater Horizon disaster. The witness, a retired petroleum engineering professor, said BP safely drilled its Macondo well in the Gulf of Mexico before an April 2010 blowout triggered the worst US offshore oil spill.
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Judge rejects BP bid to block Gulf spill payouts
BP's request to block settlement payouts associated with the 2010 Gulf of Mexico oil spill was rejected Friday by a federal judge. BP estimated a year ago that it would spend roughly $7.8 billion to resolve tens of thousands of claims by businesses and individuals covered by the settlement.
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Energy Voices BP to sell US wind assets, renew focus on petroleum
BP will sell its US wind energy assets as part of a strategy to focus on oil and gas. It also forms part of the program to raise $38 billion from assets sales in order to cover the costs that BP is facing from the fallout of the 2010 Deepwater Horizon spill in the Gulf of Mexico, Peixe writes.
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Energy Voices In Venezuela, oil and idealism won't mix forever
Venezuela's oil is too big for major energy companies to ignore and too risky to plunge into. Eventually, post-Chávez Venezuela will choose pragmatism over idealism.
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Energy Voices After Hugo Chávez, what's next for Venezuelan oil?
With Hugo Chávez's passing, some are looking for a new era in Venezuelan oil. But Venezuela's role in the global oil market has diminished over the years and some expect little change in Venezuelan oil after Hugo Chávez.
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Do Obama cabinet picks match his greener second-term talk?
President Obama nominated new leaders for the Department of Energy and the EPA Monday. Environmentalists like one of them, energy-industry advocates like the other.
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BP drilling operations face scrutiny in Gulf oil spill trial
Two former BP executives testified Wednesday about the effect of cost-cutting measures on BP's drilling operations before the 2010 oil well blowout in the Gulf of Mexico. It marks the third day of the Gulf oil spill trial designed to figure out how much BP and other companies are to blame for the spill.
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Energy Voices BP eyes Tanzanian natural gas assets
Executives from oil giant BP recently descended on Tanzania with a request to pursue natural gas investments and try their luck in a venue that has become one of the biggest gems in the region, Alic writes.
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Energy Voices Deepwater Horizon oil spill trial begins. How much will BP pay?
The Deepwater Horizon oil spill trial got underway Monday. Oil giant BP could face anywhere between $5 billion and $18 billion in fines for its role in the 2010 Deepwater Horizon oil spill.
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'Trial of the century': Can BP deflect blame for Gulf oil spill?
What once seemed likely – a settlement – now appears off the table as the US prepares to take BP to court in New Orleans on Monday, alleging the company exhibited 'gross negligence' in the lead-up to the Deepwater Horizon disaster in 2010. At stake: $17 billion.
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British PM David Cameron begins India trade trip as graft scandal erupts (+video)
Cameron's trip underlines how Europe's debt-stricken states are competing to tap into one of the world's fastest-growing economies. But Friday India said it wanted to cancel a $750 million deal for a dozen helicopters made by an Anglo-Italian company due to bribery claims.
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Energy Voices Are oil super majors falling behind the competition?
Oil super majors' performance hasn't been very impressive of late, Alic writes. They might have to get smaller to get bigger if they wish to avoid being rendered irrelevant by the growing ranks of juniors, she adds.
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Energy Voices Keystone XL pipeline: Is Canada preparing for a US rejection?
With the Keystone XL pipeline still up for debate in the US, some Canadian leaders are discussing alternatives to getting access to world oil markets, according to OilPrice.com, regardless of what comes of the Keystone XL pipeline.
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Energy Voices BP Energy Outlook: why the oil giant's forecasts are flawed
The BP Energy Outlook 2030 is not a statistical or scientific document, Cobb writes, but rather a political one. It is not a statement about the way the world is so much as about the way BP wishes it to be over the next 20 years, he adds.
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Energy Voices Libya confronts energy security dilemma
Libya is doing its best to make a few cosmetic security changes in an atmosphere of growing uncertainty, Alic writes.
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Energy Voices Exxon Mobil, BP face off in Iraq-Kurd oil conflict
BP and Exxon Mobil have taken opposite sides in the escalating conflict over oil between the Iraqi central government and the Iraqi Kurds, Alic writes.
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Gulf oil spill: BP's record $4 billion criminal plea deal gets judge's OK
Under the plea agreement between BP and the US, the oil giant admits to 11 counts of felony manslaughter for the alleged negligence of its officials in 2010 Gulf oil spill.
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Energy Voices Chevron explores Morocco oil, undeterred by Algeria crisis
Chevron has signed agreements with Morocco officials that give the US company rights to explore for oil in three offshore sites, Alic writes. Chevron and other oil majors are hardly shaken by recent events in the North African Sahel, she adds, including the Algeria hostage crisis.
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Terrorism & Security After deaths and escapes, Algeria hostage crisis still not over
Islamist militants have taken gas plant workers from at least ten countries - including the United States - hostage in the Saharan desert.
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Islamists promise fight across Sahara, but response disjointed (+video)
Foreign military intervention in Africa looked impossible - until last week. French launched airstrikes in Mali. Then European and American oil workers got kidnapped in Algeria.
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Twenty hostages escape from Islamic militants in Algeria, reports
Twenty foreign hostages – including some Americans and Europeans – have escaped from Islamic militants holding them at an Algerian natural gas facility, says an Algerian source. The militants said they had captured 41 foreigners, including seven Americans, yesterday.
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Islamic militants attack Algerian gas field, kidnap at least nine
It is not clear whether the dawn raid, which left two dead and at least nine foreigners kidnapped, was tied to France's military intervention against Islamist rebels in neighboring Mali.
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