The G20 summit is nearly under way in Canada and already the security fences are erected, police are arresting protesters and protesters are covering themselves in oil to signify the BP spill.
Gulf of Mexico oil spill
PHOTO GALLERY: The Gulf spill two months on
Remember that other spill? BP’s massive spill in the Gulf has been pouring for two months now. So what does 60,000 barrels of oil spilling into the Ocean look like? It’s not pretty.
Where has BP’s chief gone?
One day he was swanning around on his yacht, the next he failed to show up at a major oil industry conference. Why is BP boss Tony Hayward continuing to damage his — and his company’s — reputation?
VIDEO: BP spills a coffee
Yes this video has been viral for awhile now, but it’s such a good one, it’s a shame if you haven’t seen it yet: BP’s board room cope with a coffee spill.
Business As Usual: China well and truly in the driver’s seat … BP spill bill jumps to $2b …
Golbal markets are dancing to China’s tune. Plus, the US is still lurching towards a slowdown, a failure for Macquarie,Germany has changed the dealine for its iron ore project with BHP and other business news.
leaked
Worst case BP spill scenario actually far worse than BP admits
BP’s actions on the oil spill are looking even more dodgy, with an internal BP memo revealing that crude oil may be pouring out of the Gulf spill at the rate of 100,000 barrels per day.
Business As Usual: Upgrade for Rio Tinto … still gloom about Europe … newspapers chase government bucks …
A big French bank has upgraded Rio Tinto, sovereign risk and all, stress test for banks, big global investors are gloomy about Europe, newspapers chasing dollars from government coffers and other business news.
BP boss defends himself (poorly) in Congress
BP boss Tony Hayward faced up seven and a half hour grilling by the US Congress over the Gulf spill and BP’s reaction to it. Of course, he blamed others for the environmental mess.
Business As Usual: BP seen as co-operative … Rumours of RSPT deal and Rio, BHP shares jump …
BP has gone from “wicked British petroleum” to “co-operative BP”, manufacturing is still holding up the US recovery, soccer the great leveller and other business news of the day.
Who’s gonna save me? The Oils are gone, and the oil spill won’t stop
Twenty years ago Midnight Oil sang out to Exxon Oil executives in New York City. With the latest oil spill not stopping, who’s going to save us now, asks < Stuart Nettle?
60,000 barrels of crude oil spilling daily
The estimated flow-rate of the Deepwater Horizon spill has been raised from 25,000-30,000 barrels per day to a whopping 35,000-60,000 daily, according to a government panel on the spill.
revealed
Deepwater Horizon’s a “nightmare well”
Internal BP emails reveal Deepwater Horizon had known safety problems and deliberate shortcuts were made by BP to cut costs.
graph pr0n
Just how big is the Gulf spill?
The BP oil spill is still leaking out thousands of barrels of crude oil out in the Gulf but there are no exact figures to show how it compares. Either it’s the fourth worst spill ever, or it’s way down at number 16.
Business As Usual: Business as Usual: BP shares slide again … Britain slashes growth forecast, while Moody’s junks Greece rating …
Democratic congress pressure on BP to underwrite clean-up … Britain cuts public borrowing estimate to £155 billion; France tightens the reins too … Moody’s junks Greece rating …
Video of the Day: The oily nature of journos
Nothing says hard hitting journalism like running your favourite pen — or other nearby object — through some sticky crude oil.
BP prices plunge deeper into the oil
BP’s dropping share prices — including a 9% fall overnight — have investors either madly selling their shares or buying up in the hope of a long term profits. Can BP flip this PR disaster around?
Why we open holes in the Earth than we can’t close
The Gulf spill simply draws our attention to the insanity of deepwater oil wells, where oil companies drill tens of thousands of feet under ocean floors. And there’s no known way to plug them.
Business As Usual: Kiwis up interest rates … Nigerian scam tied to BP spill … Is the US the new Greece?
Kiwi interest rates up for the first time in three years, leaks out of China have a big say in market performance, Nigerian scammers move on the BP oil spill and other business news.








