Windsurfing subcommittee recommended the South Korean company POSCO largest steel group get 74 percent equity in the company SAIL joint venture. Give shares on the basis of patented technologies FINEX and funding provided by the South Korean government for the construction of the steel plant in Jharkhand. months of windsurfing subcommittee approved a proposal to establish common ground steel joint venture of Bokaro Steel Plant (BSP). Read more
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Second Oil containment system is opened
BP began collecting crude oil Wednesdays from half containment system that hopes the company will help stem the thousands of tons to escape from his damaged in the Gulf of Mexico, an amount that scientists say could be as high as 60,000 barrels per days. The company is transferring the oil through a series of tubes and hoses to a ship, then cleaning and burning of oil and gas in a mixture of equipment. (more…)
This year, gas cost to fix record highs, hurting the economy. Analysts disagree on whether a repeat is in the shop.
The rumblings you’ve heard at gas stations is not your imagination: It’s the sound of motorists looking at the pump prices are rising toward record highs for this time of year.
The average selling price of one liter gasoline Friday was $ 3,083 and $ 3,342 nationally in California, nationally significant $ 2.709 in California and $ 3,032 one year earlier, according to AAA’s daily survey of fuel prices. The Energy Department, the weekly gasoline price survey, released Monday, showed similar results.
Analysts attribute the increase largely to higher crude oil costs, which on Monday to $ 92.66 per barrel, jumped a 26-month high, before settling lower. Oil closed Friday at $ 88.03 a barrel in New York futures trading. (more…)
London, England – The U.S. series to take over BP said Tuesday that the aftermath of the Gulf of Mexico oil spill, that he “certainly there will be changes” in the oil industry. “There is no question we’ll learn a lot from this accident in the Gulf Coast. This is about equipment, people, other companies, and as a result of that we learn a lot, both BP and the industry,” said Robert Dudley told reporters outside the BP headquarters in London when he met with President Carl-Henric Svanberg BP and outgoing Chief Executive Officer Tony Hayward. (more…)
