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26 June 2010 4:57 PM | Tagged: massive oil spill
NEW ORLEANS A tropical storm churning in the Caribbean could be the latest bad news for BP crews trying to contain and clean up the massive oil spill in the Gulf, an effort that has been plagued by setbacks for more than two months.It is still too early to tell exactly where Tropical Storm Alex might go, or how it might affect oil on and below the surface of the Gulf of Mexico, forecasters said.

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25 June 2010 6:07 PM | Tagged: massive oil spill
A summary of events Friday, June 25, Day 66 of the Gulf of Mexico oil spill that began with the April 20 explosion and fire on the drilling rig Deepwater Horizon, owned by Transocean Ltd.and leased by BP PLC, which is in charge of cleanup and containment.The blast killed 11 workers.Since then, oil has been pouring into the Gulf from a blown-out undersea well.DIRTY EVIDENCE More dirty evidence of

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25 June 2010 4:48 PM | Tagged: massive oil spill
NEW ORLEANS More dirty evidence of the massive oil spill washed ashore along the Gulf Coast for residents who don't need any more reminders of their frustration over failed efforts to stop the crude gushing from a blown-out undersea well.In Florida, officials on Thursday closed a quarter-mile stretch of Pensacola Beach not far from the Alabama line when thick pools of oil washed up, the first ti

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24 June 2010 7:37 AM | Tagged: massive oil spill
WASHINGTON – The House Judiciary Committee on Wednesday subpoenaed BP claims documents, after its chairman said the company has not complied with requests to provide information on its payments.The committee's voice vote showed bipartisan agreement for Chairman John Conyers' efforts to release claims information to the public.The committee also voted, 16-11, to approve a bill eliminating li

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22 June 2010 5:08 PM | Tagged: massive oil spill
NEW ORLEANS The owner of the drilling rig involved in the massive oil spill in the Gulf of Mexico criticized the U.S government's six-month ban on deepwater drilling in the area Tuesday.On the sidelines of an oil conference in London, Transocean Ltd.president Steven Newman said there were things President Barack Obama's administration could implement today that would allow the industry to go b

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19 June 2010 7:18 PM | Tagged: massive oil spill business
Tony Hayward, BP’s embattled chief executive, is stepping back from leading the company’s frontline response to its massive oil spill in the Gulf of Mexico, its chairman said on Friday night.Carl-Henric Svanberg, BP’s chairman, told Sky News that Mr Hayward, who has come under severe criticism in the US as the public face of the company’s response, would now return to London.

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16 June 2010 6:17 PM | Tagged: massive oil spill
BP executives, armed with legal advisors, arrived Wednesday for talks with President Barack Obama and top White House lawyers on the fallout from the massive Gulf of Mexico oil spill.Eight bosses from the British energy giant, including chairman Carl-Henric Svanberg, chief executive Tony Hayward and BP America chief Lamar McKay, entered the West Wing of the building just before 10:00 am (1400 GMT

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16 June 2010 11:27 AM | Tagged: massive oil spill
WASHINGTON Fresh from admonishing BP before the world, President Barack Obama now gets his moment with the oil company's leaders.It will be on his turf and, he vowed to an angry nation, on his terms. We will make BP pay for the damage their company has caused, Obama declared in his first Oval Office address, a venue often reserved for matters of war.That is now how Obama describes the massive o