After nearly three months of more misses than hits, British Petroleum said it has managed to plug the well that was gushing oil into the Gulf of Mexico. “It felt very good to see no oil going into the Gulf of Mexico,” BP Senior Vice President Kent Wells told a briefing on Thursday. He added [...]
HOUSTON: BP Plc on Wednesday started a crucial test on its ruptured oil well in the Gulf of Mexico that it hopes will lead to halting the flow of crude that has polluted the sea and shoreline since April. Kent Wells, BP’s senior vice president of exploration and production, said undersea robots working a mile [...]
US Coast Guard chief Thad Allen has warned that cleaning up marshlands and other habitats affected by the Gulf of Mexico oil spill will take years. Adm Allen also said oil giant BP needed to do better at getting money to people and businesses affected by the spill. An estimated 11,000 barrels of oil a [...]
SINGAPORE: Oil prices extended gains in Asian trade Thursday, boosted by improving demand and strong company earnings results in the United States, the world’s biggest energy user, analysts said. New York’s main contract, light sweet crude for delivery in May rose 25 cents to 86.09 dollars a barrel. Brent North Sea crude for May was [...]
HYDERABAD: Oil & Gas Development Company Limited (OGDCL) has discovered new reserves of oil and gas in Hyderabad. According to a notice issued by Karachi Stock Exchange, OGDCL has discovered oil and gas reserves from Shah well no 1 situated in Tandu Allahyar-Hyderabad district. At least 15.4 cubic feet gas and 165 barrel oil per [...]
