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BP, Gulf Spill Partners Sue Each Other

MIAMI -- After being hammered for a year over the Gulf of Mexico oil spill, BP is going on the offensive with multibillion-dollar lawsuits seeking to shift at least part of the blame to those who owned the ill-fated rig or designed a failed safety device or supplied cement that didn't hold. Those companies - Transocean,...

BP Sues Rig Owner for $40B; Blames It for Disaster

NEW ORLEANS -- BP on Wednesday sued the maker of the device that failed to stop last year's calamitous Gulf oil spill and the owner of the rig that exploded, alleging that negligence by both helped cause the disaster. The British company said in papers filed in federal court in New Orleans that it is suing rig owner...

Science May Be Murky in the Gulf for Years

Oil is still in a few places in the Gulf, but for the most part it looks pristine. Anecdotal evidence indicates a rapidly recovering area -- escaped crude oil itself is scarce, and regular tests by the Louisiana Department of Wildlife and Fisheries have yet to reveal any tainted seafood. But the Gulf of Mexico and its...

BP Is Looking Strong a Year After Gulf Oil Spill

NEW ORLEANS -- It's hard to tell that just a year ago BP was reeling from financial havoc and an American public out for blood. The oil giant at the center of one of the world's biggest environmental crises is making strong profits again, its stock has largely rebounded, and it is paying dividends to shareholders once...

Scientists: Gulf Health Nearly Back to Pre-Spill Level

BAY JIMMY, La. -- Scientists judge the overall health of the Gulf of Mexico as nearly back to normal one year after the BP oil spill, but with glaring blemishes that restrain their optimism about nature's resiliency, an Associated Press survey of researchers shows. More than three dozen scientists grade the Gulf's big...

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THE HUFFINGTON POST - BUSINESS

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05/27/12 Brothers build on success at Harper Technologies Source: The Mississippi Press - Pascagoula MS In 2007, brothers Abe and Carl Harper were hard at work and enjoying the successes of their company, Harper Technologies LLC, with several high-profile customers under their belt including Wells Fargo and Learning Tree International.
05/27/12 Time To Go Long Oil Again As Iran Ramps Up Uranium... Source: Seeking Alpha In the past few months, oil prices have sold off heavily on four major factors: a higher dollar, a weaker global demand picture, a supply glut, and the apparent easing of Middle Eastern tensions.
05/27/12 Apache Could Jump $12 Higher In 2013 Source: Seeking Alpha Apache ( APA ) has had some great luck in terms of its well drilled on the Beryl Field in the North Sea. The well has been described by some as " prolific " and it seems that Apache has stumbled on a well that is producing at the highest initial production rate seen in years.
05/26/12 Consumers the top choice Source: FT.com M&G Investments' Tom Dobell is seeing an increasing number of opportunities in the consumer space for his Â£8bn M&G Recovery fund.
05/26/12 BP to settle US air pollution dispute for $400 million Source: domain-b.com British oil and gas giant BP has reached an agreement with the US Environmental Protection Agency (EPA), the Department of Justice (DOJ) and the Indiana Department of Environmental Management to settle the air pollution issues at BP's multi-billion Whiting refinery modernisation project in northwest Indiana.