Tuesday, July 20, 2010

BP Sells Assets to Cover Cost of Spill

Former EPA Director Christie Todd Whitman on the oil companys continued efforts to pay for and clean up the oil spill in the Gulf of Mexico.

BP Oil Spill = BP Seepage!

BP Seepage Broken Well Leaking Oil Again!

The U.S. government is allowing BP to keep the cap on its ruptured oil well in the Gulf of Mexico but will continue to monitor the situation. Officials were worried the plug fitted last week may have triggered other leaks. However authorities say they may be natural and unrelated to the well. BP hoped the device had stemmed the flow of oil for the first time since a rig explosion three months ago

Monday, July 19, 2010

Oil Spill: BP Plans Sale of Assets

As BP seeks to sell $10 billion in assets to pay for oil-spill damages, Peter Mcguire, managing director, CWA Global Markets speaks to CNBC's Martin Soong, Karen Tso and Sri Jegarajah about who's waiting with their check books to snap up some of the oil giant's assets.
OIL & GAS MARKET