- Temporary cap that stopped oil gusher removed
(AP)
AP - Engineers removed a temporary cap Thursday that stopped oil from gushing into the Gulf of Mexico from BP's blown-out well in mid-July. No more oil was expected to leak into the sea, but crews were standing by with collection vessels just in case.
- Fire out on Gulf of Mexico rig, no oil slick: Coast Guard
(AFP)
AFP - Crews managed to extinguish a massive blaze on a rig in the Gulf of Mexico Thursday and have not been able to locate an oil slick spotted earlier in the day, the Coast Guard said.
- No sign of oil spill after Gulf platform fire
(AP)
AP - The Coast Guard is saying there are no immediate signs of a spill from an oil platform fire in the Gulf of Mexico off the Louisiana coast.
- Fishing reopened in 5,130 square miles of Gulf
(AP)
AP - Federal authorities have lifted a fishing ban in part of the northern Gulf of Mexico from the Florida Panhandle to the far eastern coast of Louisiana.
- Oil prices rise after mixed economic news
(AP)
AP - Oil prices ended higher Thursday after an initial retreat as investors put a positive spin on reports about jobs, manufacturing and home sales.
- Slick seen from rig ablaze in Gulf of Mexico: Coast Guard
(AFP)
AFP - A mile-long slick was spreading from an oil platform ablaze in the Gulf of Mexico Thursday, the Coast Guard said, citing a report from rig workers who jumped into the sea to safety.
- Canada oil industry to see strong profits in 2010: report
(Reuters)
Reuters - Canadian oil producers are likely to widen their bottom line this year, helped by a rebound in global consumption and rising oil prices, an industry report by a non-profit research organization said.
- Oil spill seen in Gulf platform explosion
(Reuters)
Reuters - An oil and gas platform in the Gulf of Mexico exploded on Thursday, setting off a blaze and a small oil spill, but the accident does not appear to be as serious as BP's deadly rig explosion and oil spill in April.
- Oil rig blast forces 13 workers into Gulf of Mexico
(AFP)
AFP - An explosion ripped through an oil rig in the Gulf of Mexico on Thursday forcing 13 people into the water, one of whom was injured, the US Coast Guard said.
- No sign of oil leak after Gulf of Mexico rig blast: company
(AFP)
AFP - There is no sign of an oil spill after a rig caught fire in the Gulf of Mexico, a spokesman for rig operator Mariner Energy said.
- Citizen Group Launches Multi-Million Dollar Ad Campaign to Stop Higher Energy Taxes
(PR Newswire)
PR Newswire - ALEXANDRIA, Va., Sept. 2 /PRNewswire-USNewswire/ -- The 362,000-member National Taxpayers Union (NTU) today launched an over $4 million national television and radio advertising campaign to oppose efforts from federal officials that would increase taxes on American energy companies. Â The NTU spots, which stress the negative economic and job-loss impact of the tax proposals, will appear on national cable networks and on local stations in Arkansas, Iowa, Nebraska, Virginia, and Washington. Â See the national cable commercial on YouTube.
- Energy industry critical of Wyo. royalty fee hike
(AP)
AP - Oil and gas representatives are voicing criticism about the first proposed changes to Wyoming's oil and gas leasing contract in nearly three decades, including a provision increasing royalties paid to the state.
- Energy explorer Tullow Oil expands in east Africa
(AFP)
AFP - Anglo-Irish energy firm Tullow Oil said Thursday it would buy a 50-percent stake in six exploration licences in Kenya and Ethiopia, expanding its reach in east Africa.
- Cairn says Greenland ops resume after protest
(AFP)
AFP - Scottish oil exploration group Cairn Energy said Thursday it had resumed operations on a rig off the coast of Greenland after Greenpeace ended a protest.
- Oil prices fall after brief surge
(AFP)
AFP - World oil prices dropped Thursday on profit-taking after soaring a day earlier in the wake of booming US manufacturing data, traders said.
- Oil eases below $74, eyes on U.S. jobs reports
(Reuters)
Reuters - Oil fell further below $74 a barrel on Thursday, weighed by record high inventories in top consumer the United States and investor caution ahead of U.S. employment reports.
- Costco's key Aug. revenue figure rises 7 percent
(AP)
AP - Costco Wholesale Corp. said Thursday that revenue at stores open at least a year increased 7 percent in August, buoyed by higher gas prices and improved international revenue.
- Global stocks hit two-week high on manufacturing optimism
(Reuters)
Reuters - World stocks hit a two-week high on Thursday and oil prices rose as optimism from strong U.S. and Chinese manufacturing data extended into a second day ahead of a euro zone interest rate decision and key U.S. jobs data.
- Oil hovers below $74 as Asian stocks gain
(AP)
AP - Oil prices hovered below $74 a barrel Thursday in Asia, consolidating a big gain the day before as an Asian and U.S. stock market rally buoyed investor confidence.
- Gazprom's Q1 profits triple to $10.6 bln
(AP)
AP - Russia's gas giant Gazprom said Thursday its net profit tripled to 324.9 billion rubles ($10.6 billion) in the first quarter of the year as the company capitalized on a cold winter in Europe.