The first storm of the Atlantic hurricane season to threaten the United States formed Thursday and was on a path for the Gulf Coast.» Read More
TOKYO, Oct 7- U.S. oil prices slipped on Monday as a lack of progress on a budget standoff that has shut down the U.S. government kept investors on the sidelines, with concerns mounting over the possibility of a default by Washington. *NYMEX crude for November delivery had fallen 38 cents to $103.46 a barrel by 0016 GMT.
HOUSTON, Oct 3- Energy companies in the Gulf of Mexico started shutting in production on Thursday and evacuating some workers as Tropical Storm Karen headed toward a region producing nearly a fifth of daily U.S. oil output.
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Oct 3- Tropical storm Karen, the 11th named storm of the 2013 Atlantic hurricane season, has formed over the southeastern Gulf of Mexico, the U.S. National Hurricane Center said in its latest bulletin. Karen is packing maximum sustained winds near 60 miles per hour and moving north-northwest at near 13 miles per hour.
NEW ORLEANS, Oct 2- BP's manager in charge of controlling the Macondo blowout in 2010 was never trained to permanently plug a ruptured oil well and said in court on Wednesday the British company was not fully prepared for the worst offshore oil spill in U.S. history.
*Trial concerns a potential near $18 bln in fines for BP. NEW ORLEANS, Oct 1- BP Plc unnecessarily delayed the capping of its Macondo well and worsened the extent of the 2010 Gulf of Mexico oil spill through dithering and indecision, according to allegations by plaintiffs' lawyers on Tuesday that the British company denied.
NEW ORLEANS, Oct 1- Dithering and indecision at BP Plc delayed the capping of its Macondo well and worsened the extent of the 2010 Gulf of Mexico oil spill, according to allegations by plaintiffs' lawyers at trial on Tuesday that the British company denied.
NEW ORLEANS, Sept 30- In the frantic days after the 2010 Gulf of Mexico oil spill, BP lied about how much oil was leaking from its Macondo well and took too long to cap it, plaintiffs' lawyers said on Monday at the opening of the second phase of the company's trial.
NEW ORLEANS, Sept 30- Long before the oil spill in the Gulf of Mexico in 2010, BP knew its Macondo well could explode and then lied about how much oil leaked, plaintiffs' lawyers said at the opening of the second phase of the company's trial on Monday.
*Fines may go far beyond BP's $42.4 bln in provisions. HOUSTON/ LONDON, Sept 27- BP will battle to hold down fines that could hit $18 billion in a new phase of the Gulf of Mexico trial that will rule on how much oil it spilled in 2010 and judge its efforts to plug its well.
HOUSTON, Sept 11- Trial began on Wednesday in the first four of 48,000 civil lawsuits filed against BP Plc for pollution from the 460,196 barrel per day refinery it owned in Texas City, Texas until early this year, according to court documents.
HOUSTON, Sept 11- Trial began on Wednesday in the first four of 48,000 civil lawsuits filed against BP Plc for pollution from the 460,196 barrel per day refinery it owned in Texas City, Texas until early this year, according to court documents. The four plaintiffs whose cases began on Wednesday are seeking compensation of $200,000 each from BP.
NEW YORK, Sept 6- An investigation led by former FBI Director Louis Freeh cleared the BP claims administrator of misconduct in handling settlement payouts from the 2010 oil spill in the Gulf of Mexico on Friday, but found some of his staff took kickbacks for referrals.
Sept 6- A U.S. appeals court will hold an expedited hearing for a small group of claimants in a Gulf spill settlement with BP Plc, with oral arguments set for the week of Nov. 4, the court said on Friday.
NEW YORK, Aug 30- Demand for U.S. gold coins plunged 77 percent in August to the lowest level in six years as retail buying that helped bullion recover from a historic sell-off in April continued to slow, U.S.
Aug 27- Entergy Corp announced on Tuesday that it will shut the Vermont Yankee nuclear power plant, citing low power prices and high costs, after years of battling with state politicians and environmentalists to keep the plant operating. "This was an agonizing decision and an extremely tough call for us," said Leo Denault, Entergy's chief executive officer.
LONDON, Aug 23- The April 2014 deadline for compensation claims against BP over its U.S. oil spill is almost certain to be extended, say both side of the legal settlement that governs payouts, possibly into 2015..
LONDON, Aug 20- BP's increasingly bad-tempered spat with the U.S. federal court, claims administrators and legal community in New Orleans over oil-spill compensation payments suggests the company has given up trying to win the case locally.
*American Eagle gold sales at just 3,000 oz so far in Aug. NEW YORK, Aug 19- Demand for U.S. gold coins has plunged in recent weeks as the unprecedented buying by retail investors that helped bullion prices recover from their historic sell-off four months ago has almost vanished.
WASHINGTON, Aug 19- U.S. lawmakers are once again taking advantage of their summer recess to race around the globe on privately financed tours to places like China, the Middle East and Scotland- trips watchdog groups cite as evidence that congressional ethics reforms are unraveling.