Several days before the explosion on the Deepwater Horizon oil rig, BP officials chose, partly for financial reasons, to use a type of casing for the well that the company knew was the riskier of two options, according to a BP document. The NYT reports.
U.S. stock-index futures pointed to a strong open on Wall Street Thursday, helped by more strength from European stock markets and China's assurance it is not planning on getting rid of European debt.
Stocks were off their sessions high, pulling back after European markets closed but still positive after enduring days of whipsaw trading.
With a market correction well underway, it makes sense to analyze how you are making investment decisions as the risk trade unravels. There are lessons to be learned even in today’s unsettled market
A memo offers the most detailed accounting of the events and decisions made aboard the Deepwater Horizon in the final hours before the April 20 blast, the New York Times reports.
As if trading oil isn't hard enough, how should you game the space now considering all the rapid developments related to the spill.
I've been following the BP oil spill story, getting updates online from CNBC.com, as well as BP's own outreach on Twitter. Then I stumbled across a Twitter account for BP Global PR. Except it's not really BP Global PR. It's a hilarious send-up of spin.
The BP oil disaster off the coast of Louisiana is affecting the progress of wind power as an energy alternative at the world's biggest energy conference in Dallas.
To wit, Iran might get a look-away, but not BP (not that BP should). While the former gets a tacit free pass from the White House on its (not so) merry way in developing nukes for peaceful purposes (wink, wink… nudge, nudge), the latter gets raked over the coals for obvious political gain.
A tanker spilled about 18,000 barrels of crude oil off Singapore's coast after a collision with another ship ripped a hole in one of its tanks, authorities said Tuesday.
Transocean’s corporate motto is “We’re never out of our depth.” But after last month’s fatal explosion on a Transocean oil rig in the Gulf of Mexico, that assertion is open to question.
The euro fell broadly on Monday, after the Spanish central bank's takeover of a savings bank added to jitters about debt problems in some of the weak euro zone countries. Where should investors be putting their money? Jason Trennert, chief investment strategist and managing partner at Strategas Research Partners, shared his views and investment strategies.
In the days since President Obama announced a moratorium on permits for drilling new offshore oil wells and a halt to a controversial type of environmental waiver that was given to the Deepwater Horizon rig, at least seven new permits for various types of drilling and five environmental waivers have been granted, according to records. The NYT reports.
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The Dow popped over 100 points in the final minutes of trading Friday after a yo-yo session — and a rocky week. Financials gained. Dell was among a handful of decliners.
Officials at the Environmental Protection Agency are considering whether to bar BP from receiving government contracts, a move that would ultimately cost the company billions in revenue and could end its drilling in federally controlled oil fields.
BP says the amount of crude it's siphoning from the Gulf of Mexico leak fell to 2,200 barrels a day, down sharply from a capture of 5,000 barrels reported yesterday, due to a change in the flow of oil from the ruptured undersea well.
Germany's parliament approved the $1 trillion effort to stabilize the euro, though the opposition Social Democrats voted to abstain. The German contribution will be about $183 billion, as well as a $22.4 billion euro contribution to Greece. The US Senate passage of their version of the financial reform bill still creating uncertainty...