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BP Suing over 2010 Gulf Mexico Oil Spill
BP Plc (BP/) and plaintiffs suing over the 2010 Gulf of Mexico oil spill are discussing a $14 billion accord that would be funded with money originally set aside by the company for out-of-court settlements, according to three people familiar with the talks. BP would agree to close down its $20 billion Gulf Coast Claims [...]
Monday, February 27th, 2012Oil and Gas History in Indonesia
Oil, gas history in Indonesia, one in 1871 first oil drilling business in Indonesia, conducted in Cirebon. Because the results slightly, then closed. 1883 Concession first two oil concessions handed over to the Sultan Langkat Aeilko J. Said Zijlker to lake area near the base Brandan. 1885 Production of the first three lake Said, which [...]
Saturday, February 4th, 2012Deep Water Oil Drilling Gulf Mexico 2012
By early 2012 there will be more rigs in the Gulf designed to drill in its deep water defined as 2,000 feet or deeper — than before the spill. Two hundred miles off the coast of Texas, ribbons of pipe are reaching for oil and natural gas deeper below the ocean’s surface than ever before. [...]
Monday, January 2nd, 2012