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Alaska Pipeline Remains Closed, Restart Date Difficult to Predict
A leak caused the Trans Alaska pipeline to be closed on Saturday and it remained closed on Sunday as well. While prices started rising as there were fears of a…
BP Suing Other Oil Spill Firms?
Business owners affected by the BP oil spill in the Gulf of Mexico may be required to transfer their right to sue other defendants to the company if they want…
BP Profit Rose as Oil Spill Charges Went Up
British Petroleum (BP) announced on Tuesday that the cost of the oil spill in the Gulf of Mexico rose up to $40bn. BP was the top oil company not controlled…
EU Energy Chief to Temporarily Ban Deepwater Drilling
Oil deepwater drilling is set to be banned temporarily due to the pending investigation on the cause of BP’s spill in the Gulf of Mexico. The drilling is set to…