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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Energy Voices A Gulf of Mexico oil platform has been leaking for 9 years
Hurricane Ivan swept away an oil production platform in the Gulf of Mexico in 2004. Nine years later, it's still leaking oil, although the company behind the project says it has reduced the leak to a trickle.
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BP oil spill: Oil giant challenges Gulf payments
BP oil spill settlement payments are being aggressively contested by London-based BP. The company may seek to recover what BP calls 'overpayments' that businesses received from the court-supervised settlement program for the BP oil spill in the Gulf of Mexico.
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BP oil spill payouts: BP takes legal battles to court of public opinion
BP will place a full-page ad in three national newspapers on Wednesday to challenge billions of dollars in settlement payouts to businesses following its 2010 oil spill in the Gulf of Mexico.
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Energy Voices How energy companies fight terrorism
Energy companies across the globe are forming special units to respond to acts of terrorism after recent attacks in Algeria. With the economy just as much a viable target as any, counter-terrorism may becoming more than just the military's game.
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Misconduct in BP case? New report alleges corruption.
A lawyer working for the team reviewing claims from the multibillion-dollar settlement over BP's Gulf oil spill has been accused of receiving payments from a law firm representing a claimant.
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Energy Voices Is the world consuming less oil?
Some misleading news reports have mistakenly suggested that global oil consumption is in decline, Rapier writes. What is correct is that growth in oil consumption has slowed. That's an important distinction.
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Energy Voices BP ends cleanup of oil spill in Gulf of Mexico
BP is wrapping up cleanup operations of the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. The move comes with permission from the US Coast Guard, which says BP no longer needs to send out regular patrols to clean the tar from the coastline.
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Energy Voices BP: US oil production sees biggest rise in 62 years
American oil production had a banner year in 2012, largely thanks to new drilling techniques that recover oil from shale rock formations. As world energy supplies grew, demand for energy moderated, thanks to Europe's recession and energy-saving efforts.
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Saving Money Costco and gasoline: Are you really saving at the pump?
Costco, the membership-only warehouse club, can offer gasoline for about 6 to 12 cents a gallon below local competitors' prices — but could you be saving more money fueling up somewhere else? Carlozo says yes.
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$14 billion dollars later, BP's oil spill is cleaned from 3 of 4 affected states
BP said the Coast Guard has concluded 'active cleanup operations' in Mississippi, Alabama, and Florida, but the work continues along 84 miles of Louisiana's shoreline.
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Energy Voices What caused Indiana's sudden spike in gas prices?
Gas prices in Indiana skyrocketed well above the national average this week. The sudden, localized surge of gas prices was the result of a "perfect storm of refinery outages."
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Energy Voices Oil boom boosts US, but Europe could see decline
The benefits of the North American oil boom on this side of the Atlantic are well-documented – and the same technologies might help developing nations. But Europe's energy industry, which separately became a target of a price-fixing investigation, could emerge as a loser.
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Why wind farms kill eagles with federal impunity
Oil companies are prosecuted when a bird drowns in a waste pit. But the Obama administration has never fined or prosecuted a wind-energy company for similar protected bird deaths. An estimated 573,000 birds are killed by US wind farms each year.
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Energy Voices Algeria after terrorist attack: Don't count on security promises
Algerian moves to increase security after a terrorist attack on a natural gas facility in January don't address the underlying security threat of doing business there. Energy and other companies must beware of the destabilizing rivalries among Algerian leaders, who use extremist groups for their own ends.
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Energy Voices 'Unconventional' energy: rise of women in oil and gas industry
Nearly half of new oil and gas jobs in the US went to women in the first three months of this year, according to an analysis. Men still dominate the field, but new technologies are diversifying the workforce of the oil and gas industry.
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Boston One Fund hits $29 million, but can't make victims 'whole' (+video)
The administrator of the Boston One Fund to help the victims of the marathon bombings says that he's going to have to make tough decisions – and not everyone will get what they need.
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Energy Voices Is OPEC coming apart at the seams?
In a lackluster economy, there hasn't been much from OPEC members to suggest there was any sort of revival, Graeber writes. But with seven of the 12 members of the cartel experiencing at least some form of upheaval, the cost of doing business suggests members may need more than a little bit of luck to return to glory.
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Energy Voices Oil companies near multi-year highs. Still undervalued.
Oil companies should no longer be valued by their reserves. New drilling technologies like fracking and horizontal drilling mean oil companies operate more like advanced manufacturers, which have much higher price-earnings ratios.
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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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