Energy, Power and Natural Resources
More information about Energy, Power and Natural ResourcesChevron says Liberia OKs offshore investment
* Chevron to acquire 70 pct stake in offshore fields * Exploration to begin in Q4 NEW YORK, Sept 8 (Reuters) - Chevron Corp said on Wednesday the Liberian government has approved its investment in three deepwater concessions off the African country's more...
BP not planning to increase asset sales to $40 bln - Huck
MOSCOW. Sept 8 (Interfax) - British Petroleum is not planning to increase the volume of assets it sells to cover expenses associated with the Gulf of Mexico deep-water well disaster from $30 billion to $40 billion, BP's head of operations in Russia more...
BP spreads blame over oil spill
Eleven people were killed and 17 people were injured in the explosionA 'sequence of failures involving a number of different parties' was to blame for the Deepwater Horizon oil spill in the Gulf of Mexico, BP says. An investigation carried out by BP said more...
BP blames oil rig blast on 'multiple teams'
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BP Shareholders Await Spill Report (Early Bird)
A Mea Culpa, With Some Finger-PointingGOOD MORNING. Stocks in Asia closed lower today, European shares are down, and U.S. futures are pointing to a lower open.BP (BP) shareholders are expecting some clarity and closure from the company Wednesday. After more...
BP Investigator: 8 failures led to disaster
WASHINGTON -- The lead BP PLC investigator is saying that eight separate failures had to occur for the company's deepwater well to unleash the largest offshore oil spill in history. At a briefing in Washington Wednesday on BP's internal investigation, more...
BP probe spreads blame for Gulf oil spill
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Several parties to blame for Gulf oil spill: BP
LONDON (AFP) - Human and technical failures by BP and other parties led to the Gulf of Mexico oil disaster, the British energy group concluded in the results of an internal inquiry published on Wednesday. As expected, BP did not admit 'gross negligence' more...
Obama summons BP boss
The United States has more than doubled the estimated size of the Gulf of Mexico oil leak, while BP's chairperson was summoned to a White House meeting with President Barack Obama. Carl-Henric Svanberg, the Swede who chairs BP's board, was invited to the more...
Dana Petroleum Rebuffs KNOC's Offer As Inadequate; To Buy Certain UK Assets Of Petro-Canada - Update
(RTTNews) - UK-based Dana Petroleum plc (DNX.L) Wednesday urged its shareholders to reject the unsolicited offer from Korea National Oil Corp., or KNOC, citing that the price is inadequate and fails to recognize its existing value and strategic more...
UPDATE 1-Chevron says Liberia OKs offshore investment
* Exploration to begin in Q4 NEW YORK, Sept 8 The company will acquire a 70 percent interest in the deepwater blocks LB-11, LB-12 and LB-14, 12 to 110 miles south of Liberia's capital, Monrovia. Exploration in the region is slated to begin in the fourth more...
China grants clearance to Sinopec-Kuwait refinery
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Center for Biological Diversity Statement on BP’s Internal Report on Deepwater Horizon Disaster
TUCSON, Ariz. - September 8 - Kieran Suckling, executive director of the Center for Biological Diversity, issued the following statement today in response to BP's just released report on the Deepwater Horizon explosion and spill: "BP's internal more...
Greenpeace Response to BP Report
AMSTERDAM - September 8 - Responding to BP’s report on the Deepwater Horizon disaster, Tzeporah Berman, head of Greenpeace International Energy Campaign, said: “BP’s self penned review is a sorry attempt to spread the blame for the Deepwater more...
BP report blames itself, others for oil spill
NEW ORLEANS — Oil giant BP laid much of the blame for the rig explosion and the massive Gulf of Mexico spill on itself, other companies’ workers and a complex series of failures in an internal report released today before a key piece of evidence has more...
European shares up by midday; BP lifts oil majors
LONDON (Reuters) - European shares rose on Wednesday, as BP lifted oil majors after it released a report into its Gulf of Mexico oil spill, offsetting falls in banks on concerns over the financial sector's resilience. Traders also cited the results of a more...
BP accepts partial blame, but cites 'sequence of failures' - Summary
London - Oil giant BP Wednesday blamed a catalogue of technical and human failures for the massive Gulf of Mexico oil spill - but denied sole responsibility for the disaster.The accident arose from "a complex and interlinked series of mechanical more...
BP's Internal Probe Spreads Blame For Well Blowout
(RTTNews) - An internal probe conducted by British energy giant BP Plc (BP, BP.L) has found that no single factor caused the explosion on a Gulf of Mexico oil rig that led to the biggest environmental disaster in US history. The company accepted partial more...
BP says multiple companies, teams contributed to gulf oil spill
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BP Spill Still Oozes on Land
With Labor Day has come the end of summer, and that BP spill in the Gulf, so dominant during the summer news cycle, may already seem like ages ago. But for some residents in the Gulf States, the oil spill is now literally in their backyards. All that more...
Danger signs missed, says BP
OIL VICTIM: A seriously oiled tri-coloured heron is spotted on Queen Bess Island near Grand Isle, Louisiana. YOUNG HERON: Young herons impacted by oil from the Deepwater Horizon oil spill are seen at the Fort Jackson Wildlife Rehabilitation Centre. OIL more...
Many failures led to Gulf oil spill: BP
Human and technical failures by BP and other sides led to the Gulf of Mexico oil disaster, the British energy group concluded in the results of an internal inquiry.As expected, BP did not admit 'gross negligence' for the oil rig explosion in April that more...
BP spreads blame in Deepwater incident
In a long-awaited report, BP said on Wednesday that a series of failures involving multiple companies caused the Deepwater Horizon oil rig explosion which killed 11 workers, injured 17 and led to the largest oil spill in U.S. history. The damaged blowout more...
TNK-BP will increase investments to Yamal projects up to 1,5 milliard dollars
In 2011 the company TNK-BP plans to invest about 800 million dollars to its projects in Yamal. In 2013 capital investments will grow up to 1,5 milliard dollars. This money will be allocated for building of the pipeline "Zapolyarnoye - Purpe" and more...
BP shifts U.S. oil spill blame onto contractors
LONDON (Reuters) - BP shifted much of the blame for a rig blast that led to the United States' worst-ever oil spill onto its contractors Transocean and Halliburton. In a report released on Wednesday, BP defended decisions that U.S. politicians have said more...
INTERVIEW-OPEC should seek $100 oil price-Libya
LONDON, Sept 8 (Reuters) - OPEC needs a higher oil price of $100 a barrel because the rising costs of imports such as food have eroded OPEC members' income, Libya's top oil official told Reuters on Wednesday. Oil CLc1 has traded largely between $70 and more...
BP happy to talk to Russian firms about asset sales
MOSCOW (Reuters) - Oil giant BP (BP.L) is open to talks about selling assets to Russian companies as part of its $30 billion fund raising programme to help pay for the Gulf of Mexico oil spill, the group's Russia chief said on Wednesday. "If Russian more...
Massive 'Data Spill' in BP Case Could 'Blanket the Gulf of Mexico'
RICHMOND, Va., Sept. 8 /PRNewswire/ -- Literally filling warehouses, the paperwork in the Exxon Valdez case was so daunting it prompted hyperbolic comparisons to the 11 million gallons of oil that spewed from the ship itself into Alaska's Prince William more...
BP to Release Oil Spill Report
BP is set to release an internal investigation into the worst ecological catastrophe in recent US history TAGS: BP internal investigation, Deepwater Horizon rig, ecological catastrophe, US Department of Justice BP to Release Oil Spill Report The more...
Chevron to Acquire Deepwater Interest Offshore Liberia
SAN RAMON, Calif. - (Business Wire) Chevron Corporation (NYSE:CVX) today announced that it has been granted approval by the Liberian government to acquire a 70 percent interest and operatorship in three deepwater concessions in Liberia. We are very more...