Chris's Feed
Jun 14, 2010

BP took shortcuts on blown-out well -US lawmakers

HOUSTON, June 14 (Reuters) – BP Plc (BP.L: Quote, Profile, Research) (BP.N: Quote, Profile, Research) took
risky shortcuts in drilling its Macondo well that “increased
the danger of a catastrophic well failure,” two U.S. lawmakers
probing the well’s blow-out and the worst U.S. oil spill said
on Monday.

“It appears that BP repeatedly chose risky procedures in
order to reduce costs and save time and made minimal efforts to
contain the added risk,” said Representatives Henry Waxman and
Bart Stupak, the top Democrats on the House of Representatives
Energy and Commerce Committee.

Jun 11, 2010

BP shares in focus after U.S. doubles spill estimate

HOUSTON (Reuters) – Shares in British energy giant BP will be in the spotlight again on Friday after U.S. government scientists doubled their estimate of the amount of oil gushing out of its ruptured Gulf of Mexico well.

The Wall Street Journal reported the British oil company was considering deferring or reducing its second quarter dividend to help quell the political uproar in the United States over the environmental disaster caused by the massive spill.

Jun 11, 2010

U.S. doubles Gulf oil spill estimate

HOUSTON (Reuters) – U.S. government scientists on Thursday doubled their estimate of the amount of oil gushing out of a ruptured Gulf of Mexico oil well as British energy giant BP scrambled to stem the leak.

The news that the flow rate may be as high 40,000 barrels (1.68 million gallons/6.36 million liters) per day came after U.S. markets closed.

Jun 11, 2010

U.S. doubles upper estimate for BP oil leak

HOUSTON (Reuters) – U.S. scientists on Thursday doubled their high-end estimate of the amount of crude oil flowing from BP Plc’s stricken Gulf of Mexico well.

They said between 20,000 and 40,000 barrels (840,000 and 1.7 million gallons/3.2 million and 6.4 million liters) of oil flowed from the well before June 3, when BP’s remotely operated robots sawed through an underwater pipe to clear the way for a capping procedure.

Jun 9, 2010

BP shares tumble as U.S. probes oil spill

HOUSTON/LONDON (Reuters) – British energy giant BP Plc’s stock price tumbled on Wednesday as it faced more U.S. government and congressional scrutiny over its handling of the massive Gulf of Mexico oil spill.

U.S. Interior Secretary Ken Salazar told a congressional hearing that BP’s latest effort to try to contain the oil gushing from its deep-sea well may have increased the flow of crude 4 to 5 percent above what it was before.

Jun 9, 2010

BP shares tumble as government probes Gulf oil spill

HOUSTON/LONDON (Reuters) – British energy giant BP Plc’s stock price tumbled on Wednesday as it faced more government and congressional scrutiny over its handling of the massive Gulf of Mexico oil spill.

U.S. Interior Secretary Ken Salazar told a congressional hearing that BP’s latest effort to try to contain the oil gushing from its deep-sea well may have increased the flow of crude 4 to 5 percent above what it was before.

Jun 9, 2010

U.S. experts confirm undersea oil from BP well

HOUSTON (Reuters) – U.S. experts investigating reports of undersea oil plumes emanating from BP Plc’s stricken well in the Gulf of Mexico on Tuesday confirmed the presence of low levels of oil below the surface.

“NOAA is confirming the presence of very low concentrations of subsurface oil,” Jane Lubchenco, administrator of the National Oceanic and Atmospheric Administration, told a briefing in Washington.

Jun 8, 2010

NOAA says confirms undersea oil near BP well

HOUSTON (Reuters) – Experts investigating reports of undersea oil plumes emanating from BP Plc’s stricken well in the Gulf of Mexico on Tuesday confirmed the presence of low levels of oil below the surface.

“NOAA is confirming the presence of very low concentrations of subsurface oil,” Jane Lubchenco, administrator of the National Oceanic and Atmospheric Administration, told a briefing in Washington.

Jun 4, 2010

Plucky governor takes on White House and wins

HOUSTON (Reuters) – Midway through a news conference to lambaste the Obama administration for dragging its heels on approving a plan to fight a massive oil spill on Wednesday, Louisiana Gov. Bobby Jindal chalked up a political victory.

Standing at a podium in Venice, Louisiana, an aide handed Jindal a piece of paper informing him that the White House had approved to a plan requiring BP Plc to spend $350 million to build five barrier islands. The sand islands hopefully will shield the state’s fragile coastline from an onslaught of oil.

Jun 4, 2010

Bobby Jindal takes on White House and wins

HOUSTON (Reuters) – Midway through a news conference to lambaste the Obama administration for dragging its heels on approving a plan to fight a massive oil spill on Wednesday, Louisiana Gov. Bobby Jindal chalked up a political victory.

Standing at a podium in Venice, Louisiana, an aide handed Jindal a piece of paper informing him that the White House had approved a plan requiring BP Plc to spend $350 million to build five barrier islands. The sand islands hopefully will shield the state’s fragile coastline from an onslaught of oil.

    • About Chris

      "Chris has been a journalist for Reuters since 2001, when he joined the Washington DC bureau as a summer intern. As a correspondent in Washington, Chris covered energy policy, reported on Congress, the Supreme Court and federal agencies like the Environmental Protection Agency. As Houston Bureau Chief, Chris oversees a team of five reporters and covers general news topics like the BP oil spill, hurricanes, NASA, and national politics. In addition, Chris oversees a team of Power and Gas reporters in New York and Houston."
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