NEW YORK, Dec 1- Brazil's Vale SA said November's deadly mining disaster could cost it at least $443 million, but said it was too early to put a price tag on what it expects to be a long clean-up from the pollution spilled in the dam burst. Chief Executive Officer Murilo Ferreira said environmental recovery from the disaster on Nov. 5 at the Samarco joint venture...» Read More
The U.S. Department of Interior said Tuesday that oil has been leaking from a non-BP well into the Gulf of Mexico, but put the size of the leak at less than a barrel a day.
Going green has made sense for many companies in the past years, and the proven benefit to the bottom line has begun to sink in gradually as companies battle tarnished reputations (BP, Goldman Sachs) and distrust in the marketplace. Suddenly, sustainability and going green are popular.
It seems unthinkable, even now, that the disastrous oil spill in the Gulf of Mexico could bring down the mighty BP. But investment bankers get paid to think the unthinkable — and that is just what they are doing. The New York times explains.
With no consensus among experts on how much oil is pouring from the wellhead, it is hard, if not impossible, to assess the containment cap’s effectiveness. The NYT reports.
It's possible that the current oil leaking into the Gulf of Mexico could last a year, said oilman T. Boone Pickins, citing similar leaks.
A machine known as the Voraxial Separator uses force to pull apart oil and water that have mixed together and could be helpful in cleaning up the Gulf of Mexico spill.
As officials reported a gradual increase in the amount of oil being captured from a spewing wellhead at the bottom of the Gulf of Mexico on Monday, BP said it plans to replace the cap collecting the crude with a slightly bigger device next month.
BP is trying to defend its corporate image with a major ad campaign after causing the largest oil spill in US history. The campaign includes a TV commercial featuring BP CEO Tony Hayward apologizing for the environmental disaster and explaining to viewers what the company is doing to repair the damage. The campaign has been met with mostly criticism.
Few have yet to grasp the potential damage claims that are yet to come from millions of people who live well beyond the immediate impact zone in the Gulf states. The Loop Current and hurricanes will spread the mess far and wide.
There's oil in the Gulf. Markets are tanking. Unemployment remains high. The US is engaged in two wars and there are other trouble spotsw intensifying. Today, we want to know if you think the United States is in a rut. Share your opinion in our poll.
BP, already bedeviled by an out-of-control oil spill in the Gulf of Mexico, now finds itself with one more problem: Tony Hayward, its gaffe-prone chief executive. The NYT reports.
BP cap collects at least 6,000 barrels of oil in its first 24 hours of use, but crude from that busted underwater oil well is showing up in greater quantities and farther east along the Gulf's once pristine white beaches.
President Barack Obama said Saturday that he will stand with Gulf Coast residents "until they are made whole" from the oil spill catastrophe.
Billion-dollar oil rigs are starting to see a tremendous amount of financial strain due to the enormous amount of oil spewing into the Gulf of Mexico.
A Florida contractor demonstrates how hay could be an effective way of soaking up some of the oil from the BP well spill in the Gulf of Mexico.
BP's CEO Tony Hayward is trying to put the best spin on the spill, targeting the American public and investors. Is Hawyard doing enough to fix the problem? Share your opinion in our poll.
Anger over the oil leak in the Gulf of Mexico is spilling into streets as protests are organized at BP’s offices and gas stations around the country.
In spite of theories that BP may not survive the financial after-effects of the Gulf of Mexico oil spill, a securities attorney told CNBC Thursday he believes the oil giant has the fiscal resources to do so.
A microbial product called HTP, derived from peat moss, could "literally eat the oil" in the Gulf of Mexico, according to the CEO of a company that sells it.
There are more tech gadgets available than ever before, and many of them are going into your car's dashboard. Should they? Share your opinion in our poll.