BHP said the provision partly reflected uncertainty on when Samarco, its iron ore joint venture with Brazil's Vale, would restart. » Read More
The CEO of MyCelx, a Georgia company with a patented molecule that bonds to oil, is hoping that her company's product will lessen the impact of the Gulf oil spill.
Buyers are walking away when sellers refuse last-minute demands, making a drop in sales worse than expected, the NYT reports.
Forgive my silence on the blog for the past two days, but I've been in beastly hot Pensacola, Florida, preparing stories on mortgage mediation, and, of course, oil. President Obama dropped by the beach yesterday to talk to some local folks, while I spent the day in empty beach front mansions and empty ocean-view condos.
With up to 60,000 barrels of oil spewing into the Gulf on a daily basis, the $20 billion Gulf fund may be something worthwhile for investors.
An oil exploration company in a sea of post-BP oil exploration stock disasters.
As investors debate whether high-yielding BP bonds are a good buy, the cost of insuring against default on those bonds continues to set new highs. BP bonds bounced, along with a temporary move higher in its stock, on news the company has agreed to set aside $20 billion in an escrow fund to pay claims from the Gulf of Mexico oil spill. The credit-default swaps for BP bonds have risen to a record...
Officials in the gulf states say the sprawling cleanup effort is being hampered by a lack of clear authority and communication, among other problems. The NYT reports.
Carl-Henric Svanberg got a summons to the White House to answer President Obama’s questions about the spill. The NYT reports.
Former New York City mayor Rudy Giuliani sharply criticized the U.S. government's response to the Gulf oil spill Tuesday, while calling any attempts to force BP to cut its dividends or establish a spill victims fund sheer "political posturing."
It's been 56 days since the explosion aboard the Deepwater Horizon, and oil is still leaking into the Gulf of Mexico. Today, we want to know whom you blame more for not stopping it, the government or BP. Share your opinion in our poll.
With chatter that BP or its assets may be on somebody’s shopping list, the obvious question: Which big oil company is most financially fit to do those kind of deals? Exxon Mobil.
Patriotic Americans bought war bonds to finance the path to victory in a just cause. Why not use the same tool again — call them Freedom Bonds — to end another form of global tyranny?
As the Gulf of Mexico oil spill nears the two-month mark, BP has been bombarded with ideas for cleaning up the crude. Vote for the ones you think would be most effective, from demonstrations on CNBC.
With oil still spilling into the Gulf of Mexico, BP is clearly under growing pressure. One front is focusing on the company's dividend. Today, we want to know if you think BP should lower it, suspend it or keep shelling it out. Share your opinion in our poll.
For BP, a company that’s had a helluva time getting a “cup” on the Gulf of Mexico oil gusher it is responsible for, it’s now connected to another cup, the BP Crosstown Cup in Chicago. And it's a strikeout for the oil producer.
It has been a reverse-gusher of a week for Anadarko, a 25 percent investor in the BP drilling disaster. Its stock has been the worst performing on the S&P 500 this week, as investors anguish over Anadarko’s possible liability.
There's a bit of a British backlash over BP. They're upset over the way the White House is treating the company after it caused the biggest environmental disaster in US history. We want to know if you think the Brits are being overly sensitive. Share your opinion in our poll.
In an effort to push back the oil, Louisiana is increasing the flow of fresh water into the marshland where the oysters are harvested. That means, at least at this moment, the fresh water is a bigger threat to the oyster beds, than the ever-growing oil slick coming from BP's well.
In the absence of congressional action on climate change, the Senate is heading toward a much-watched vote on whether the Obama administration should be allowed to go ahead with regulations curtailing greenhouse gas emissions from power plants and other major polluters.
Tests confirmed that some toxic compounds that would evaporate in a shallow-water spill are instead spreading, just as President Obama plans his fourth trip to the region. The NYT reports.