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U.S. report spreads blame for BP oil spill

A key US government report spreads the blame for the massive oil spill in the Gulf of Mexico Wednesday, citing a bad cement job and poor management decisions by BP and its subcontractors. The finding by the agency that regulates offshore drilling could strengthen BP’s legal case for recovering some…

BP faces angry protests at first annual general meeting since spill

LONDON — BP was facing angry protesters and disgruntled shareholders on Thursday at its first annual general meeting since a massive oil spill in the Gulf of Mexico. The meeting in London is taking place almost a year since the explosion on the Deepwater Horizon rig killed 11 workers and…

Presidential panel calls for ‘top-to-bottom reform’ of Gulf oil drilling

A US presidential panel probing the Gulf of Mexico oil disaster slammed the firms involved in the deadly rig accident in April, calling them safety laggards in need of a complete overhaul. “BP, Halliburton and Transocean are major companies operating throughout the Gulf, and the evidence is that they are…

Wis. Senate hopeful has at least $116K in BP stock

Wis. Senate hopeful Johnson has at least $116,000 in BP stock, thousands in 2 other oil stocks Ron Johnson, a leading Republican challenger for Wisconsin’s U.S. Senate seat, owns at least $116,000 in BP stock plus substantial shares in two other oil companies. Recently released campaign finance documents show the…

US Navy airship en route to assist Gulf oil recovery

A US Navy airship was en route to the Gulf Coast on Monday to help recover the massive oil spill fouling once-pristine shorelines, officials said. The MZ-3A Airship, the first to be used in the massive response to the worst environmental disaster in US history, was expected to reach the…

New payment claims hit BP faster than company can write checks

New claims against BP from the massive oil spill in the Gulf of Mexico are pouring in more than twice as fast as the British energy giant is paying them out, US officials said. Analysis by a consulting group hired by Louisiana to track claims and BP payments amid the…

BP spill nears a somber record as Gulf’s biggest

BP’s massive oil spill will become the largest ever in the Gulf of Mexico by Thursday based on the highest of the federal government’s estimates, an ominous record that underscores the oil giant’s dire need to halt the gusher. The oil that’s spewed for two and a half months from…

Maher: Obama should ‘act like real black president,’ ‘have gun in his pants’

In a segment during his Real Time HBO program Friday, HBO’s Bill Maher accused President Barack Obama of not acting like a “real black president” because he didn’t “have a gun in his pants” when meeting with the CEO of oil giant BP, which is accused of being unprepared for…

Senate approves $60 billion more for wars and aid — for just four months

The US Senate has passed a supplementary funding bill worth some 60 billion dollars to finance the conflict in Afghanistan and other key projects including aid to quake-hit Haiti. The measure approved late Thursday by a 67-28 margin offers 33 billion dollars to fund President Barack Obama’s surge of 30,000…

Document reveals BP chose riskier, cheaper option to seal oil well before blast

WASHINGTON – BRITISH energy giant BP chose a casing for its ruptured well in the Gulf of Mexico that was the riskier of two options, partly for economic reasons, the New York Times reported on Thursday. Citing a BP document, the Times said the concern with the method BP chose…

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