Gulf of Mexico oil spill


PHOTO GALLERY: Graffiti, police on bikes and violence — G20 protests begin

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.

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.

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.

Republican apologises to BP

Republican Joe Barton apologised in Congress for the government’s treatment of BP since the oil spill, before quickly retracting the apology. Are the Republicans really going to side with BP on this matter?

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?

Crikey Says: Keep praying, Louisiana

A presidential speech from the Oval Office usually falls into one of two categories: the commander-in-chief is responding to an immediate crisis, or he’s trying to change the dynamic of an ongoing one.

Will Obama push for energy reform?

Barack Obama is giving his big speech today about the BP spill, and he’s expected to address the United States’ reliance on oil. But will he pursue energy legislation or just skate over the issue?

LIVE STREAMING: Obama speaks on the oil spill

Barack Obama makes an official address to the nation on the state of the BP oil spill in the Gulf of Mexico.

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.

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.

Friedman: The spill isn’t BP’s fault

Blaming BP for the oil spill just misses the entire point of the problem: America is too reliant on non-renewable energy and we (politicians and the public) encouraged these businesses, says Thomas Friedman.

BP need to pay for this, US$20m should cover it

The Democrats are demanding BPs put aside a huge chunk of cash to a third party organisation tp help clear up the Gulf spill long term. Will the move help to hold BP accountable?

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.

The Gulf spill is drowning the Tea Party

It’s not just Barack Obama suffering politically from the Gulf spill (although he is looking terrible). Has the ship sailed for the Tea Party with this latest environmental disaster?

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.