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 …
Indu Bhan The Bhopal gas leak disaster, which killed thousands and rendered hundreds of thousands seriously infirm and with genetic defects in yet-to-be-born, has clearly brought to the fore the need to have clear-cut laws relating to class action suits, which originated in the US and are being followed in …
US MAY PENALISE CO BY CRIPPLING ITS ABILITY TO DO BIZ Jim Efstathiou Jr & Jeff Plungis WASHINGTON BP MAY lose control of its US oil and natural gas wells and be barred from doing business with the federal government as punishment for the worst oil spill in US history, …
BP is considering putting several billion dollars into a ring-fenced cleanup fund to appease American concerns over the soaring cost of the Gulf of Mexico oil spill. The fund is one of several options to be put to the company
Ethnic Uzbeks try to extinguish a fire in a burning residence torched by mob in Jalal-Abad, Kyrgyzstan, on Sunday. PHOTO: AP US President Barack Obama will press BP executives this week to set up an escrow account to pay damage claims by individuals and businesses hurt by the Gulf of …
President Barack Obama wants BP Plc to set up an escrow account to pay the claims for damages caused by its oil spill in the Gulf of Mexico, White House advisor David Axelrod said.
BP faced renewed US pressure on Sunday to do more to contain the Gulf of Mexico oil spill, as the United States and Britain played down diplomatic tensions over the crisis. British Foreign Secretary William Hague said it was up to the British energy giant, under pressure in the United …
Kabul: Britain stands ready to help BP with its clean-up efforts following the Gulf of Mexico oil spill, Prime Minister David Cameron said on Thursday as he came under intense pressure at home to stand up for the oil giant.
As much as 40,000-plus barrels of oil per day are pouring from BP's ruptured well in the Gulf of Mexico, a US official has said, more than doubling the previous government estimate. "The lowest estimate that we're seeing that the scientists think is credible is probably about 20,000 barrels, and …
George Monbiot The energy industry has long dumped its damage and, like the banks, made scant provision against disaster. Time to pay up. Has BP ever made a profit? The question looks daft. The oil company posted profits of $26 billion last year. There's no doubt that BP has been …
Henry Fountain As engineers made headway on Thursday in containing the oil leak at the bottom of the Gulf of Mexico, crews on two floating rigs flanking the spot where the Deepwater Horizon exploded and sank were doing what rig crews normally do: drilling wells. The two wells, aimed at …
ON April 20, a drilling rig in the Gulf of Mexico exploded. The rig was called Deepwater Horizon, well named for British Petroleum's (B.P.) remarkable effort to draw oil from a deep-sea rig that has to go through 22,000 to 25,000 feet (6,600-7,500 metres) of water before it strikes the …
Louisiana: US government and BP officials are warning that the blown-out oil well causing an environmental disaster on the Gulf Coast may not be stopped until August as the company begins preparations on a new attempt to capture the leaking crude. BP Plc will use undersea robots to begin cutting …
BP moves to a new containment plan called the Lower Marine Riser Package Cap to siphon off the leaking oil to the surface, carried by remotely operated robots on the ocean floor : The oil spill in the Gulf of Mexico is probably "the biggest environmental disaster" that the United …
Narayan Lakshman Washington: After 37 days of failing to halt a torrent of oil spilling from its damaged offshore rig into the Gulf of Mexico, engineers from rig owner British Petroleum and other agencies reportedly stemmed the flow using a
BP Plc told congressional investigators on Tuesday that pressure tests on a drill pipe showed a fundamental mistake hours before the deadly explosion that caused the Gulf of Mexico oil leak, a memo released by two congressmen showed. The memo by Representatives Henry Waxman and Bart Stupak, who were briefed …
Narayan Lakshman Washington: In a pitched battle to shut off the MC252 well that has been spewing vast amounts of oil into the Gulf of Mexico for over a month, British Petroleum announced plans to use a new technical manoeuvre called a
BP Plc will try to plug an underwater oil leak in the Gulf of Mexico by pumping heavy drilling fluids into a damaged well in the next few days, as the cleanup costs of the monthlong spill accelerate. The so-called
Suzanne Goldenberg There was mounting evidence on Tuesday night that the scale of the oil spill disaster in the Gulf of Mexico has grown beyond all the initial worst-case scenarios, as thousands of gallons of oil continued to gush from the sea floor. In Key West, coastguard officials said about …
