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Proposal for a Single National Regulatory Body for Oil and Gas in Australia

Yet another pre-election promise involves setting up a single national regulatory body for the oil and gas industry as per Resources Minister Martin Ferguson.

12 Aug 2010

Tony Hayward Out Robert Dudley In as CEO of BP

Tony Hayward the Chief Executive of BP is set to be replaced by Robert Dudley. The disaster of the oil spill in the Gulf of Mexico seems to be claiming more than just sea and plant life.

26 Jul 2010

Woodside Petroleum's Production Affected by Maintenance

Woodside Petroleum's production is being affected by the cost of maintenance related closures and asset sales. The oil and gas company has recorded a drop in its second quarter production levels by 10% compared to the previous year.

From Woodside Petroleum Ltd. 25 Jul 2010

Big Four Oil Co's Respond to Gulf Disaster with $1 Billion

Other big oil companies have taken a lesson from the BP's Gulf of Mexico well explosion and subsequent oil spill.

From Exxon Mobil Corporation 22 Jul 2010

BHP Billiton Cautious on Global Financial Recovery

BHP Billiton (ASX:BHP) says that despite its petroleum and iron ore divisions having both achieved their annual production records, the mining giant is continuing to err on the side of caution about the short term outlook for the global economy.

From BHP Billiton Plc 20 Jul 2010

Gulf of Mexico Oil Leeked Plugged

BP officials must be heaving a sigh of relief for the first time since April as the new cap on the oil leak seems to be holding, and the gush of oil into the Gulf of Mexico now appears to be controlled.

20 Jul 2010

BP to Test New Containment Cap

BP is all set to test the new cap that it has placed over its damaged well at the bottom of the Gulf of Mexico. The testing procedure is expected to last from 6 to 48 hours.

20 Jul 2010

BP Fits New Containment Cap in Gulf of Mexico Leak

BP says it's pleased with the progress being made in trying to contain the Gulf of Mexico oil leak with a new lower marine riser package (LMRP) containment cap over the Deepwater Horizon's failed blow-out preventer.

12 Jul 2010

BP Seeks Financial Help from Deepwater Horizon Partners

As the economic burden of the cleanup effort in the Gulf of Mexico grows exponentially BP is now seeking financial help from other partners related to the disaster.

5 Jul 2010

Oil Price Slides on Economic Growth Concerns in U.S. and China

With both China and the U.S. slowing down economically the price of oil has been sliding on a slippery path. As the two largest energy consuming countries curbed their demand for oil most people are not surprised at the ...

4 Jul 2010