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Fri, 30 Jul 2010 22:29:22 GMT
AP - The House has approved a bill to boost safety standards for offshore drilling and remove a $75 million cap on economic liability for oil spills.
Fri, 30 Jul 2010 22:08:09 GMT

James Lee Witt, right, listens to BP PLC CEO of Gulf Coast Restoration Organization Bob Dudley as he speaks at a news conference to announce Witt's hiring as an advisor to BP's Deepwater Horizon oil spill response in Biloxi, Miss., Friday, July 30, 2010. Witt, the former FEMA director under President Bill Clinton, is expected to advise BP through its long-term response and recovery efforts. (AP Photo/Patrick Semansky)AP - BP's new boss says it's time for a "scaleback" in cleaning up the Gulf of Mexico oil spill. Federal officials say there is no way the crude could reach the East Coast. And fishing areas are starting to reopen.


Fri, 30 Jul 2010 21:56:48 GMT
Reuters - The House of Representatives on Friday voted to end the federal moratorium on deepwater drilling for oil companies that meet new federal safety requirements.
Fri, 30 Jul 2010 21:54:49 GMT
AP - Alaskans should know by the end of Friday whether natural gas producers have any interest in building a major pipeline in the state. But few other details will likely be released when TransCanada Corp. officially ends its 90-day process of seeking shipping commitments for its proposed line.
Fri, 30 Jul 2010 21:48:21 GMT

Oil sheen is shown in the Kalamazoo River in Battle Creek, Mich., from a ruptured pipeline, owned by Enbridge Inc., Thursday, July 29, 2010.  (AP Photo/Paul Sancya)AP - Volunteers and government officials scrambled on Friday to save geese and other wildlife damaged by an oil spill in a southern Michigan river as the Canadian company that owns the ruptured pipeline said the crude had been contained.


Fri, 30 Jul 2010 20:55:20 GMT

FILE - In this file photo made Oct. 25, 2007, the BP (British Petroleum) logo is seen at a gas station in Washington. BP gas station owners across the country are divided over whether the oil giant stained by its handling of the Gulf spill should rebrand U.S. outlets as Amoco or another name as part of its effort to repair the company's badly damaged reputation. (AP Photo/Charles Dharapak, File)AP - BP gas station owners across the country are divided over whether the oil giant stained by its handling of the Gulf spill should rebrand U.S. outlets as Amoco or another name as part of efforts to repair the company's badly damaged reputation.


Fri, 30 Jul 2010 22:27:56 GMT

Drill ships and response vessels work in the Gulf of Mexico off the Louisiana coast line while attempting to drill relief wells at the Deepwater Horizon Oil Spill wellhead July 27, 2010. REUTERS/Sean GardnerReuters - The House of Representatives on Friday approved legislation to strengthen federal offshore drilling regulations in response to the BP oil spill in the Gulf of Mexico.


Fri, 30 Jul 2010 20:16:52 GMT

FILE - In this file photograph taken July 25, 2007, a Chevron gas station service sign is displayed in Menlo Park, Calif. Chevron Corp. said Friday, July 30, 2010, its second-quarter earnings tripled on higher fuel prices and better refining margins.  (AP Photo/Paul Sakuma, file)AP - Chevron's second-quarter earnings tripled on better refining margins and higher prices for oil and natural gas, the company said Friday.


Fri, 30 Jul 2010 19:31:27 GMT
AP - Energy prices settled higher on a day of uneven trading after the government said the economic recovery slowed during the second quarter as consumers conserved their money.
Fri, 30 Jul 2010 19:31:09 GMT

Crews clean up oil, from a ruptured pipeline, owned by Enbridge Inc, near booms where Talmadge Creek meets the Kalamazoo River in Marshall Township, Mich., July 30, 2010.  The Canadian company that owns the pipeline that leaked the oil estimates the spill at 820,000 gallons. The EPA puts the total at more than 1 million gallons.   (AP Photo/Paul Sancya)AP - Motorists heading out on vacation in the next month should expect gasoline prices to remain fairly constant, give or take a few cents.


Fri, 30 Jul 2010 19:29:49 GMT
AP - The nation's first Department of Homeland Security secretary has agreed to serve as strategic adviser to an industry group led by companies drilling for natural gas from the Marcellus Shale formation.
Fri, 30 Jul 2010 18:39:01 GMT
AP - The number of rigs actively exploring for oil and natural gas in the U.S. increased by one this week to 1,586.
Fri, 30 Jul 2010 17:25:29 GMT
AP - In stories July 28 and July 29 about an oil spill on the Kalamazoo River, The Associated Press reported erroneously how deep the oil would be if put in a walled-in football field. The roughly 800,000 gallons of oil would fill a walled-in football field, including the end zones, with just under 2 feet of oil, not 14 feet.
Fri, 30 Jul 2010 16:17:49 GMT
AP - BP is giving a Louisiana charity $100 million to hand out to oil rig workers struggling because of the federal moratorium on new deepwater drilling in the Gulf of Mexico, the company said Friday.
Fri, 30 Jul 2010 16:07:44 GMT

In this photo taken on Sunday, July 25, 2010, a worker cleans up the oil at the Nantuo Fishing Harbor after the oil spill in Dalian in northeast China's Liaoning province. An American oil spill expert says China's worst-known oil spill is far larger than the government has reported.   China's government has said 1,500 tons of oil spilled after an explosion two weeks ago near the northeastern city of Dalian.   But Rick Steiner estimates that 60,000 to 90,000 tons spilled into the Yellow Sea. He says the spill is at least as large as the 1989 Exxon Valdez oil disaster in Alaska. (AP Photo)**CHINA OUT**AP - China's worst known oil spill is dozens of times larger than the government has reported — bigger than the famous Exxon Valdez spill two decades ago — and some of the oil was dumped deliberately to avoid further disaster, an American expert said Friday.


Fri, 30 Jul 2010 15:25:00 GMT
PR Newswire - WASHINGTON, July 30 /PRNewswire-USNewswire/ -- A new survey released today by the American Energy Alliance (AEA) found that 77 percent of registered voters oppose efforts in Congress to tax American companies twice on income earned abroad. The poll also found that 3 out of 4 Americans agree that our energy companies should be allowed to continue offshore exploration for energy and, separately, that we should increase U.S. oil production. 
Fri, 30 Jul 2010 15:17:05 GMT
AP - French oil company Total SA said Friday its second-quarter profit jumped 43 percent thanks to rising production and improving refinery activity after a rough 2009, and said it is reviewing drilling and accident policies after the BP spill.
Fri, 30 Jul 2010 15:03:17 GMT

The sun sets over an oil platform waiting to be towed out into the Gulf of Mexico at Port Fourchon in Louisiana in May. World oil prices fell Friday as traders digested news of a sharp economic slowdown in leading energy consumer the United States.(AFP/File/Mark Ralston)AFP - World oil prices fell Friday as traders digested news of a sharp economic slowdown in leading energy consumer the United States.


Fri, 30 Jul 2010 17:03:35 GMT
Reuters - Chevron Corp, the second-largest U.S. oil company, posted three-fold profit growth that beat estimates as refinery margins improved, and raised its 2010 oil and gas production growth target to 3 percent.
Fri, 30 Jul 2010 11:20:06 GMT

The logo of French oil giant Total in La Defense near Paris. The energy company has said its second quarter net profit jumped 72 percent to 2.96 billion euros (3.86 billion dollars), benefitting from higher oil prices.(AFP/File/Boris Horvat)AFP - French oil giant Total said Friday its second quarter net profit jumped 72 percent to 2.96 billion euros (3.86 billion dollars), beating forecasts on the back of higher oil prices.


 
 

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