9/7/10,
Oil prices drop, weighed down by energy supplies
(AFP)
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AFP - World oil prices fell on Tuesday as the market reacted to the end of the peak demand season coming at a time when supplies are high, analysts said.
9/6/10,
US won't say if blowout preventer on way to shore
(AP)
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AP - The Justice Department won't say if the blowout preventer that failed to stop oil from gushing from BP's undersea well into the Gulf of Mexico is on its way to shore.
9/6/10,
Oil operations in Gulf unaffected by storm
(Reuters)
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Reuters - BP Plc , the largest oil producer in U.S.-regulated areas of the Gulf of Mexico, and Shell Oil Co (RDSa.L) said Monday that Tropical Storm Hermine was not affecting their offshore operations. Read more...
9/6/10,
Oil slips below $74 as U.S. driving season ends
(Reuters)
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Reuters - U.S. oil prices slipped below $74 per barrel on Monday as the end of the U.S. driving season and high levels of unemployment in the world's biggest oil consumer raised concerns over the outlook for demand.
9/6/10,
Sri Lanka to offer more oil exploration blocks
(Reuters)
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Reuters - Sri Lanka on Monday said it would offer new oil exploration blocks in an area off the northern coast where the initial flare-up of a quarter-century war with the Tamil Tiger separatists ended the hunt for oil. Read more...
9/5/10,
Busted BP well no longer 'threat' to Gulf
(AFP)
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AFP - The Macondo well, which spilled an estimated 4.9 million barrels of oil into the Gulf of Mexico, has been secured and no longer constitutes "a threat," a senior US official said.
9/4/10,
BP replaces failed blowout preventer on Gulf well
(Reuters)
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Reuters - BP Plc successfully replaced a failed blowout preventer from atop its ruptured Gulf of Mexico oil well late on Friday, the top U.S. official overseeing the spill response said. Read more...
9/3/10,
What now for Gulf? Fire complicates drill debate
(AP)
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AP - What now for the Gulf? News of another oil rig fire in the Gulf of Mexico, so soon after the BP oil spill, has set off a wave of anxiety along the Gulf Coast and prompted calls for the government to extend its six-month ban on deepwater drilling.
Reuters - Interior Secretary Ken Salazar said on Friday he cannot predict whether Royal Dutch Shell, which has invested $3.5 billion in an offshore Arctic oil-development program, will be allowed to drill the five wells it plans next year in Alaska's Chukchi and Beaufort Seas. Read more...
9/3/10,
Court reinstates markup law for Wisconsin gasoline
(AP)
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AP - A federal appeals court on Friday reinstated Wisconsin's 71-year-old minimum markup law on gasoline, a decision that could save some jobs but increase the cost of gas. Read more...
9/3/10,
Petrobras sells 64 bln dlrs of stock to fund oil exploration
(AFP)
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AFP - Brazil's Petrobras unveiled one of the world's biggest share offerings Friday, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into a leading oil exporter of the 21st century.
AP - Oil prices dipped Friday as traders remained worried about a glut of supply and sluggish demand as the summer driving season comes to a close. Read more...
9/3/10,
Watch those gas pumps; prices expected to fall
(AP)
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AP - Gasoline prices have been falling for weeks, and they could go even lower as autumn's leaves begin to drop.
9/3/10,
AP Exclusive: Mariner opposed federal safety rule
(AP)
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AP - The company whose Gulf of Mexico oil platform erupted in flames this week cited the industry's "excellent safety record" when it opposed a proposed federal rule last year that would require offshore oil and gas operators to have safety systems aimed at reducing workers' mistakes. Read more...
