BP Complaints

Platts Energy Podium: BP Oil Spill Seen Leading to Changes in Offshore Drilling
BP’s massive oil spill in the Gulf of Mexico will lead to sweeping changes in how the industry drills wells and produces oil and natural gas from deepwater plays, two experts said Tuesday at a Platts Energy Podium here.
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President Obama talks of gulf coast recovery, new energy sources
WASHINGTON — Calling the widening oil spill in the Gulf of Mexico “the worst environmental disaster America has ever faced,” President Barack Obama pledged Tuesday in his first Oval Office address that the oil would be cleaned up and the gulf’s ecology restored, and that oil company BP would fully compensate the spill’s victims.
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BP Crisis Wipes Billion From Energy Bonds: Credit Markets
June 14 (Bloomberg) — The biggest oil spill in U.S. history has wiped about billion off the value of energy company bonds as investors bet increasing regulation will curb revenue and profits.
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Canal Energy has plan to get oil out of the water
In early May crews from Canal Energy, a Bogalusa-based company that engineers, constructs and services offshore boiler technology worldwide and whose major division is offshore, deepwater well testing, packed up huge boilers and heat exchangers and headed to the Gulf Coast with a plan to help stop the flow of oil that had been gushing since the Deepwater Horizon explosion April 20.
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BP Spill Means Oil Prices Gain as Output Falls: Energy Markets
June 9 (Bloomberg) — Higher crude prices and rising imports may be in store for the U.S. after the government slashed its forecasts for Gulf of Mexico output by 6.1 percent following the BP Plc spill, the worst in the nation’s history.
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BP press releases.

Recent Updates for Deepwater Horizon Response

Shale Gas Well Blowout Raises Specter of New BP: Energy Markets
June 7 (Bloomberg) — A Pennsylvania natural gas well “blowout” last week helped drive prices to a 14-week high on concern that tighter restrictions on offshore drilling following BP Plc’s Gulf of Mexico spill will spread onshore.
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Oil Falls as Energy Companies Lead S&P 500 Lower on BP Spill
June 1 (Bloomberg) — Crude oil dropped for a second day in New York as energy-company shares led the Standard & Poor’s 500 Index lower after BP Plc failed to halt the flow of oil from a leaking Gulf of Mexico well.
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It’s time to explore energy options other than oil
The oil wells just offshore at Summerland in 1915. Photo courtesy of G.H. Eldridge. During the 2008 presidential election, Americans heard the chant of “drill, baby, drill” intoned by politicians pushing our nation to tap into offshore and Arctic petroleum fields. With the Deepwater Horizon oil rig catastrophe now destroying the Gulf of Mexico’s fragile ecosystem, that mantra has turned into an …
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