Monthly Archives: January, 2012
Rig owner Saved Some Spill Costs
The owner of the drilling rig Deepwater Horizon does not have to damages relating to oil spills in the ocean in the worst offshore spill in U.S. history to pay, a judge ruled Thursday. BP PLC is required for Transocean Ltd., the owner of Deepwater Horizon, harmless against any damages related to the 2010 spill [...]
Oil slick potted near Costa Concordia wreck
ROME – Italian officials coordinating the rescue and pollution control efforts on the cruise ship Costa Concordia say an oily film is about 300 meters saw the capsized vessel. Samples are analyzed, officials say, but preliminary observations indicate a slight slick of heavy fuel oil and not in the tanks of Concordia. Absorbing panels around [...]
Top Women in Oil to $ 225 billion plan as a key Petrobras Chief
Maria das Gracas Foster, the first woman appointed as one of the world’s top five oil companies run, the industry’s largest investment plan with Petroleo Brasileiro SA’s $ 225 billion proposal to more than double its capacity by the end of the decade . Petrobras, as the world’s fifth largest oil producer by market value [...]
Oil Futures Pare Gains in New York trading at $ 99.61 a barrel
Oil fluctuated in New York, failure to obtain yesterday to expand, as speculation U.S. inventories rose last week prevented Iran wants to make a European ban on the export of raw respond by closing the Strait of Hormuz. Crude for March delivery was little changed at $ 99.61 a barrel in electronic trading on the [...]
Sudan seized oil worth $ 815 million, Southern Sudan, says
Southern Sudan said Monday it started shutting down oil production and accused Sudan of crashes $ 815 million worth of crude oil, escalating an increasingly bitter dispute over oil revenues between the former enemies civil. Southern Sudan broke away in July last year under a 2005 peace agreement that the decades of civil war between [...]