US won't say if blowout preventer on way to shore
(AP)
Mon, 6 Sep 2010, 5 hours agoAP - The Justice Department won't say if the blowout preventer that failed to stop oil from gushing from BP's undersea well into the Gulf of Mexico is on its way to shore.
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Oil operations in Gulf unaffected by storm
(Reuters)
Mon, 6 Sep 2010, 6 hours agoReuters - BP Plc , the largest oil producer in U.S.-regulated areas of the Gulf of Mexico, and Shell Oil Co (RDSa.L) said Monday that Tropical Storm Hermine was not affecting their offshore operations.
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Oil slips below $74 as U.S. driving season ends
(Reuters)
Mon, 6 Sep 2010, 8 hours agoReuters - U.S. oil prices slipped below $74 per barrel on Monday as the end of the U.S. driving season and high levels of unemployment in the world's biggest oil consumer raised concerns over the outlook for demand.
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Sri Lanka to offer more oil exploration blocks
(Reuters)
Mon, 6 Sep 2010, 8 hours agoReuters - Sri Lanka on Monday said it would offer new oil exploration blocks in an area off the northern coast where the initial flare-up of a quarter-century war with the Tamil Tiger separatists ended the hunt for oil.
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Oil price rises above $77 in London
(AFP)
Mon, 6 Sep 2010, 10 hours agoAFP - World oil prices diverged on Monday, the end of the traditional peak demand season for motor fuel in the United States.
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Oil hovers above $74 as traders eye US economy
(AP)
Mon, 6 Sep 2010, 17 hours agoAP - Oil prices slipped to near $74 a barrel Monday in Asia as traders weighed whether growing Chinese demand can offset weak U.S. fuel consumption amid high unemployment.
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Busted BP well no longer 'threat' to Gulf
(AFP)
Sun, 5 Sep 2010 05:45:35 AMAFP - The Macondo well, which spilled an estimated 4.9 million barrels of oil into the Gulf of Mexico, has been secured and no longer constitutes "a threat," a senior US official said.
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BP replaces failed blowout preventer on Gulf well
(Reuters)
Sat, 4 Sep 2010 05:16:47 AMReuters - BP Plc successfully replaced a failed blowout preventer from atop its ruptured Gulf of Mexico oil well late on Friday, the top U.S. official overseeing the spill response said.
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What now for Gulf? Fire complicates drill debate
(AP)
Sat, 4 Sep 2010 03:24:10 AMAP - What now for the Gulf? News of another oil rig fire in the Gulf of Mexico, so soon after the BP oil spill, has set off a wave of anxiety along the Gulf Coast and prompted calls for the government to extend its six-month ban on deepwater drilling.
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Interior chief Salazar voices doubt on Arctic drilling
(Reuters)
Fri, 3 Sep 2010 10:03:12 PMReuters - Interior Secretary Ken Salazar said on Friday he cannot predict whether Royal Dutch Shell, which has invested $3.5 billion in an offshore Arctic oil-development program, will be allowed to drill the five wells it plans next year in Alaska's Chukchi and Beaufort Seas.
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Court reinstates markup law for Wisconsin gasoline
(AP)
Fri, 3 Sep 2010 09:41:57 PMAP - A federal appeals court on Friday reinstated Wisconsin's 71-year-old minimum markup law on gasoline, a decision that could save some jobs but increase the cost of gas.
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Petrobras sells 64 bln dlrs of stock to fund oil exploration
(AFP)
Fri, 3 Sep 2010 08:57:08 PMAFP - Brazil's Petrobras unveiled one of the world's biggest share offerings Friday, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into a leading oil exporter of the 21st century.
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Glance: Oil settles above $74, down 42 cents
(AP)
Fri, 3 Sep 2010 07:37:23 PMAP - Oil prices dipped Friday as traders remained worried about a glut of supply and sluggish demand as the summer driving season comes to a close.
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Watch those gas pumps; prices expected to fall
(AP)
Fri, 3 Sep 2010 07:35:01 PMAP - Gasoline prices have been falling for weeks, and they could go even lower as autumn's leaves begin to drop.
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AP Exclusive: Mariner opposed federal safety rule
(AP)
Fri, 3 Sep 2010 07:33:30 PMAP - The company whose Gulf of Mexico oil platform erupted in flames this week cited the industry's "excellent safety record" when it opposed a proposed federal rule last year that would require offshore oil and gas operators to have safety systems aimed at reducing workers' mistakes.
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Petrobras to sell $65 billion stock in record offer
(Reuters)
Fri, 3 Sep 2010 06:24:30 PMReuters - Brazilian state oil company Petrobras on Friday filed to sell up to $64.5 billion of new stock -- the largest in capital markets history -- sending its stock sharply higher after months of uncertainty that dragged on its share price.
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U.S. offshore oil fire may delay lift of drill ban
(Reuters)
Fri, 3 Sep 2010 06:22:11 PMReuters - The Obama Administration is likely to stay focused on toughening regulatory oversight of the U.S. offshore oil industry and may push back lifting a ban on deepwater drilling after the latest accident in the Gulf of Mexico, analysts said on Thursday.
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Texas firm temporarily plugs leaking ND oil well
(AP)
Fri, 3 Sep 2010 05:29:09 PMAP - A ruptured oil well in western North Dakota was temporarily plugged on Friday after leaking more than 2,400 barrels of crude and water, company officials said.
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Reliance on OPEC nations to rise: IEA
(AFP)
Fri, 3 Sep 2010 03:12:03 PMAFP - Global dependency on the Organization of Petroleum Exporting Countries for crude oil will rise in the next five to 10 years as output by non-OPEC nations falls, the head of the International Energy Agency (IEA) said Friday.
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Latest Gulf oil rig problem differs from BP spill
(AP)
Fri, 3 Sep 2010 02:44:07 PMAP - Unlike the blast that led to the massive BP spill, the latest oil platform fire in the Gulf of Mexico killed no one and sent no crude gushing into the water.
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