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Gulf
NEW ORLEANS - A tow boat slammed into an abandoned well north of a bay already hit by crude from the Gulf oil spill, sending a plume of oil and gas spewing into the air Tuesday.
NEW ORLEANS (GaeaTimes.com)- The initiative to cap the ruptured oil well in the Gulf of Mexico by the London-based oil giants BP suffered a major setback as a seep has been detected near the ruptured well.
WASHINGTON - British Petroleum (BP) executives have agreed to US President Barack Obama's proposal to put 20 billion dollars in an Escrow account to pay off claims of those affected by the Gulf of Mexico oil spill.
SINGAPORE - Oil prices fell to near $77 a barrel Thursday in Asia as investor confidence wanes that a three-week rally will continue amid signs of weak U.S.
WASHINGTON - US President Barack Obama has vowed to make British Petroleum (BP) pay for the damage caused to environment by the oil spill in the Gulf of Mexico.
