REUTERS Michael Erman NEW YORK Mon Jun 14, 2010 5:56pm EDT (Reuters) – BP Plc has hired investment banks Blackstone Group LP, Goldman Sachs Group Inc and Credit Suisse Group AG as advisers in the wake of its massive oil spill in the Gulf of Mexico, according to a source familiar with the matter. BP [...]
Posts on ‘June 14th, 2010’
Exxon, Chevron Seek Reprieve From Oil Crucifixion
Exxon, which pumps more crude than every member of OPEC except Saudi Arabia, Iran and Iraq, abandoned an exploration project known as Blackbeard in the Gulf of Mexico in 2007 rather than risk a blowout. The company quit the project, which sought to drill more than six miles (9.7 kilometers) beneath the seafloor, after repeated pressure surges indicated the well was unstable.
Oil groups distance themselves from BP
By Sheila McNulty in Houston Published: June 13 2010 20:29 | Last updated: June 13 2010 20:29 The chief executives of the worlds biggest international oil companies will testify on Tuesday that the BP oil spill in the Gulf of Mexico was preventable, publicly distancing themselves for the first time from the UK company, the [...]
BP’s growing isolation
MarketWatch June 14, 2010, 2:18 p.m. EDT By MarketWatch SAN FRANCISCO (MarketWatch) — BP PLC executives troop back to Capitol Hill Tuesday for another tongue-lashing over the catastrophic Gulf oil spill. This time, however, lawmakers are pulling BP’s long-time peers into the slugfest. On Tuesday, the House Committee on Energy and Commerce will question top [...]
Drilling Ban May Collide With Reality
THE WALL STREET JOURNAL JUNE 14, 2010 By James Herron The Obama administrations decision to ban new offshore drilling for six months in response to the BP oil spill was understandable given the scale of the Deepwater Horizon disaster, but was always destined for a head-on collision with economic reality. Sure enough, there has been [...]
Drilling Rules Hit Alaska Pipeline
THE WALL STREET JOURNAL By BRIAN BASKIN And CASSANDRA SWEET JUNE 14, 2010 Extracts On May 27, President Barack Obama ordered a six-month offshore drilling moratorium in the wake of the April explosion and sinking of the Deepwater Horizon rig, which killed 11 workers and started oil gushing into the Gulf. The rig was leased [...]
Shell plans to drill well near site of Corrib gas
Monday, June 14, 2010 SHELL EP Ireland plans to drill a satellite well north of the Corrib gas field which could produce additional gas reserves. The Sedco 711-submersible rig arrived on location some 80km off the Mayo coast last week and has been booked for the summer. Seismic information gathered last year on the Corrib [...]
BP oil spill: Where the U.S. has fallen short
Richard Blendermann comments on the article “U.S. and BP slow to accept Dutch expertise“ Only a few days after the explosion of the Deepwater Horizon in the Gulf of Mexico I was asking my self the same questions, and 2 to three weeks into the spill I could tell that the approach and finger pointing [...]
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