RussiaToday--October 29, 2010--An investigation into the Gulf of Mexico oil spill has revealed that BP and its contractor were aware of flaws in the cement mix used to build the rig. A US presidential commission says that could have caused the blowout. The report also claims four separate lab tests were carried out - but only one showed that the cement was suitable for deepwater drilling. The April rig explosion killed 11 workers and caused the worst environmental disaster in US history.
Oil and Gas Market ,Opec Oil and Gas market prices Saudi Arabia Aramco Shell BP Petroleum ELF ,brent , crude NIMEX Gulf Emirates Kuwait Iraq Iran UAE Angola Russia cartel
Friday, October 29, 2010
Thursday, October 28, 2010
Halliburton Shares Flop on Oil Spill Research
Halliburton & BP Knew Emergency Cement Tested "Unstable" Before Blowout
Halliburton may have used faulty cement in the well that broke in the Gulf of Mexico.
Wednesday, October 27, 2010
Israel Oil find fuels Mideast tension
Recently discovered oil reserves in the eastern Mediterranean look set to become the latest point of tension in the troubled region. At least four major competitors are staking their claim. Israel, Lebanon, Turkey and Cyprus all want a piece, but with no clearly defined maritime borders, the fight could be lengthy, bitter... and even bloody.
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