Blow-out company BP pays £ 160m for Gulf oil spill. BP receives a $ 250m (£ 161m) payment of Cameron International, a contractor on the Macondo well, in settlement of their dispute over liability for the Gulf of Mexico oil spill. Cameron made the blow-out preventer, which proved ineffective in the Deepwater Horizon rig. This is the fourth office BP has made a partner in the project. Read more
The Ministry of Foreign Affairs dedicated a significant environmental impact study of the proposed Keystone XL pipeline to a company with financial ties to the lead operator, ignoring the intent of a federal law designed to provide impartial analysis of major projects, environmental protection. Read more
The United States loaded the bulk of the blame for the country’s largest ever offshore oil spill at BP on Wednesday as the government issued its final assessment of the Gulf of last year’s disaster. A report can be crucial in the billions of dollars to get legal battle and could set the stage for criminal prosecution, the Coast Guard and the offshore oil regulator said BP is for 21 of the 35 contributing causes of the debt to the Macondo good blow – out which led to the leak, and shared eight more debt. Read more
BP seized on a report better than expected quarterly results Tuesday as further evidence that its activity is rebounding and that the company quickly put the worst of the Gulf oil slick behind.
Although third quarter results were substantially less than one year ago, BP returned to profit after the deadly explosion rig Deepwater Horizon in April the second quarter results sent in red.
The third quarter net profit fell to $ 1,790,000,000 from $ 5,340,000,000 in the period from July to September one year ago. The London-based oil major profits achieved, despite a huge load – 7.7 billion U.S. dollars – for spill-related costs. The charge was higher than analysts expected and a great reminder of the continuing toll of the disaster on the farm. Read more
BP rolled out Wednesday the results of a four months investigation into the causes of the April 20 explosion of its Macondo oil wells in the Gulf of Mexico, spreading the blame on its contractors and giving a glimpse of the defense could be implemented in public and in court.
The long-awaited report that a “complex and interrelated series of failures – of equipment, engineering and judgment – has led to the sharp rise in oil and gas that exploded on the deck of the Deepwater Horizon rig, killing 11 people, sinking the rig and the worst oil spill in U.S. history.
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Tags: <BP oil, Deepwater Horizon, gulf oil spill mexico, oil and gas, oil blame, oil explossion, oil spill, worst oil spill in U.S. history>, Oil Spill Mexico, Oil Spilling Out, Bp Gulf Spill Results, Oil On Gulf In Mexico, Oil In Mexico
Recent drilling results from Azumah gave the Director General Stephen Stone further encourage the company accelerates the work on the feasibility study on the Wa Gold Project in Ghana. There are currently just over 754,000 ounces reserved Wa from two deposits on the permit Wa – Kunchi and Bepkong. But the company has recently been the drilling of two new prospects called Colette and Julia, and among the best results were intersections of four meters at 17.58 grams of gold per tonne and 17 meters at 4.38 grams per tonne . “These recent results confirm what we always said it’s early days, but the Wa Gold Project has several million ounces of resource potential,” Azumah CEO Stephen Stone said mine. A maiden JORC resource for Julie is expected by the end of this month. (more…)
Demand for gold in South Korea will increase as consumers buy more bars and encourage investments such as currencies weaken, according to Korea Exchange Inc., which expects increased trade in ‘mini-futures contract.
“Koreans are more interested in gold than other commodities, regarding it as an investment tool,” Kim In Soo, an executive director to the operator of stock and futures markets, said in an interview yesterday. Korea Exchange is set on a spot market for bullion in 2012, Kim said that an earlier plan. (more…)
COASTAL BEND – Gas prices in Corpus Christi fell six cents overnight to 2.59 dollars a gallon after reaching the $ 2.65 mark, the highest in recent months. The least expensive gas in the area Monday was $ 2.44 in Aransas Pass, followed by $ 2.48 in Portland and Ingleside. Corpus Christi has the lowest $ 2.49 at the Valero store to Staples and Leopard streets. (more…)
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