A judge ordered video clips of a deposition former BP chief Tony Hayward gave last month in ongoing Gulf of Mexico oil spill litigation be removed from the sites of News Corp. online newspaper The Daily and Google’s YouTube.
Houston’s ConocoPhillips reacted quickly to two and told authorities the day they were found, said managers of the company and its Chinese partner in the field, state-owned CNOOC Ltd., at a news conference. Both leaks have stopped and cleanup work is nearly finished, they said.
Conditions on the river have prevented a thorough assessment and hampered efforts to find the cause of Friday’s break in the 12-inch pipeline, which spilled an estimated 1,000 barrels of crude oil. The river was flowing too high and swiftly for crews to reach some oiled areas. More »
Barclays Capital raised its price forecast for 2012. And Goldman Sachs said the International Energy Agency’s decision at the end of June to release 60 million barrels of oil from its reserves won’t cool off prices as much as originally thought. More »
China’s State Oceanic Administration it is investigating ConocoPhillips’ role in a recent oil spill and is assessing possible environmental damage. The first spill at the Penglai 19-3 oil field off China’s eastern coast was detected on June 4 and followed by another on June 17, said a report on the administration’s website. More »
The transaction includes a combination of cash and common units. Southern Union shareholders can exchange their stock for $40 per share or 0.903 Energy Transfer common units.
Exxon Mobil intensified its cleanup of tens of thousands of gallons of spilled crude and pledged to do “whatever is necessary” to find and mop up oil from the 12-inch pipeline that broke at the bottom of the river over the weekend.
The cause of the spill has not yet been determined, but company and government officials speculate that high waters in recent weeks may have scoured the river bottom and exposed the pipeline to debris that could have damaged it.
Teams of federal and state workers were out today along Montana’s Yellowstone River to gauge the environmental damage from a burst Exxon Mobil pipeline that spewed tens of thousands of gallons of crude into the waterway.
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An ExxonMobil pipeline runnning under the Yellowstone River near Billings in south-central Montana ruptured and dumped an unknown amount of oil into the waterway, prompting temporary evacuations along the river this morning.
Prices have persistently declined since May, following a similar drop in oil prices. More »
Former BP chief Tony Hayward fought off accusations he sought to prop up the company’s falling share price through the company’s daily briefings on the Gulf oil spill, and that the company didn’t keep its promise to share its data on how much crude was spewing into the sea, documents obtained by The Associated Press show.