A Bill that seeks to amend the existing law governing exploration and production of oil and gas as well as delink petroleum operations from mining operations was passed by the Lok Sabha on Wednesday (March 12, 2025). The Oilfields (Regulation and Development) Amendment Bill, 2024, is aimed at boosting investment …
New Orleans, July 16: BP said on Friday that the early test results were heartening and there were no signs of fresh oil leaks, as the cap sealing its stricken undersea well in the Gulf of Mexico held tight overnight and into the morning. Mr Kent Wells, a senior vice …
BP Plc delayed testing a new cap placed over its leaking Gulf of Mexico oil well to give scientists more time to study the procedure used to measure pressure levels. BP and government officials said they still intend to conduct the assessment, which BP and the Obama Administration will use …
BP is making progress on removing a device capturing oil from its leaking Macondo well in the Gulf of Mexico, as it prepares to install a more efficient collection system. BP plans to have a new seal on the gushing well sometime within the next week and the company said …
THE US Justice Department has started interviewing witnesses as part of the criminal and civil investigation of the oil spill that has sullied the Gulf of Mexico, Attorney General Eric Holder said in a television interview broadcast on Sunday. The department has asked companies including BP Plc and the firm …
OIL major BP is seeking a strategic investor to secure its independence in the face of any takeover attempts as it struggles with a devastating oil leak in the Gulf of Mexico, newspapers said on Sunday. Britain’s Sunday Times said the company’s advisers were trying to drum up interest among …
New Orleans: A supertanker adapted to scoop up oil from the BP spill in the Gulf of Mexico began tests on Saturday amid a report that some major investors expect the energy giant to replace its top executives. The vessel named
Those seeking to stem the flow of oil from the deep waters of the Gulf of Mexico are now struggling on land as well as at sea. A wayward robot briefly interrupted the flow from the
DEEPWATER horizon, the giant drilling rig in the Gulf of Mexico, exploded off the US coast of Louisiana on April 20. The rig, leased to British Petroleum (BP), sank leading to an oil spill that is now the worst in US history surpassing even the 1989 Exxon Valdez disaster. Six …
Tropical Storm Alex headed toward the Gulf of Mexico on Sunday, but while it was not expected to hit the oil spill area, experts warned strong waves and winds could hamper clean-up efforts there. With oil continually gushing into the fragile waters for the past 68 days, President Barack Obama
William J Broad The deep seabed was once considered a biological desert. Life, the logic went, was synonymous with light and photosynthesis. The sun powered the planet
The oil spill in the Gulf of Mexico has not only attracted widespread attention and created a major political fallout in the US, but has posed some major issues that impact the future of global energy policy and the international response to the growing challenge of climate change. Some general …
A New Orleans federal judge lifted the six-month moratorium on deepwater drilling imposed by President Barack Obama following the largest oil spill in US history. Drilling services shares jumped on the news. Obama temporarily halted all drilling in waters deeper than 500 feet on May 27 to give a presidential …
WASHINGTON, 22 JUNE: As new evidence emerged of a breakdown in safety procedures at the Deepwater Horizon rig, the administrator of BP's oil spill compensation fund vowed to speed up payouts to victims of the disaster in the Gulf of Mexico.
President Barack Obama acted with determination and purpose in holding BP accountable in the ongoing Gulf of Mexico oil spill disaster, forcing the petroleum company to commit $20 billion to an escrow account (with no cap) that would contribute toward meeting clean-up costs and providing compensation. His tough tackle against …
London: Even as it continued to grapple with mounting problems, embattled British energy major BP Plc on Monday revised expenses related to the Mexican Gulf oil disaster upwards to $2 billion. Under pressure from the American administration to speed up efforts to contain the oil spill and compensate victims of …
