Content Tagged As petroleum
Tagged News
-
Neighbors split over oil and gas exploration
September 29, 2011 11:36 PM
Proposals for oil and gas exploration in the Banning Lewis Ranch area of El Paso County have been put on hold for now. After two town halls and numerous work sessions, Commissioners want to take a closer look at the effects of oil and gas drilling before making a final... more » -
No relief at the pump
August 12, 2011 8:24 PM
Believe it or not, price per barrel of crude oil is about the same as it was in 2009 -- anywhere from $83 to $85 dollars says University of Colorado at Colorado Springs economist Fred Crowley -- but the price at the pump is $0.30 = $0.40 cents higher. ... more » -
House committee says BP slow to pay claims
June 18, 2010 1:44 PM
The House Judiciary Committee says data it has collected shows that BP has paid less than 12 percent of claims submitted by people and businesses arising from the Gulf oil spill. The committee said in a statement Friday that only $71 million out of an estimated $600 million had... more » -
Live video from the Gulf oil leak, via the internet
June 16, 2010 7:31 PM
Nearly 5,000 feet beneath the surface of the Gulf of Mexico, a black cloud of oil continues to spew from a ruptured well. Live video is available at several sites for those who want a look. Despite the somber subject, the technology is amazing. BP is now burning some... more » -
White House and BP negotiate compensation fund
June 14, 2010 12:21 PM
The White House says BP appears willing to establish a multibillion-dollar compensation fund for people and companies damaged by the Gulf oil spill. President Barack Obama demanded that the oil company set up a independent compensation fund. And presidential spokesman Bill Burton told reporters the White House and BP... more » -
BP to speed up payments
June 10, 2010 12:44 PM
The Obama administration says BP has agreed to expedite the payment of claims to businesses and individuals whose livelihoods have been disrupted by the Gulf of Mexico oil spill. Tracy Wareing, who is with the National Incident Command office, told reporters in Washington that the understanding on payment of... more » -
BP chief apologizes for wanting "life back"
June 2, 2010 5:38 PM
BP chief executive Tony Hayward is apologizing for saying "I'd like my life back" to reporters over the weekend. Hayward said in a statement posted on the company's Facebook site Wednesday that the remark was hurtful and thoughtless. He apologized to the community and the families of the 11... more » -
BP says its Gulf oil spill costs now $450 million
May 13, 2010 9:26 AM
The cost of fighting a massive Gulf of Mexico oil spill is mounting rapidly for the global oil company that owns the well. London-based BP PLC says it has spent $450 million since the spill started after an April 20 oil rig explosion. That's up by $100 million from... more » -
BP tries another containment box to stop oil leak
May 11, 2010 4:48 PM
A BP spokesman says a second, smaller oil containment box known as a "top hat" is being brought to the site of a blown-out well in the Gulf of Mexico. Spokesman Bill Salvin tells The Associated Press the box will be lowered to the seafloor, away from the plume, on... more » -
November trade deficit increases to $36.4 billion
January 12, 2010 11:25 AM
The U.S. trade deficit jumped to the highest level in 10 months as an improving U.S. economy pushed up demand for imports. However, exports rose as well, boosted by a weaker dollar, supporting the view that American manufacturers will be helped by a rebounding global economy. The Commerce Department reported... more » -
Blast rocks Gulf facility in Puerto Rico
October 23, 2009 8:58 AM
An explosion at a Gulf gasoline facility has rocked a neighborhood outside Puerto Rico's capital, causing minor injuries and forcing evacuations as firefighters raced to prevent additional blasts. Several columns of black smoke and flames were rising from the Caribbean Petroleum Corp., a gasoline warehouse and distribution center on San... more »
As Seen On News 5
