Search Results - oil
The status of the economic recovery has been threatened by the recent turmoil in the international sphere. The sluggish economic recovery in the European Union, plagued by the Greek and Irish economies, the increasing inflation in China, the protests in the ...
United States (Apr 11th, 11)
United States (Apr 11th, 11)
According to an article in the Washington Post, the rising food and energy prices are corroding the effects of the tax cuts. The extra money workers received this past January from the reduction in the payroll tax has halted momentum in consumer spending.
The...
United States (Feb 28th, 11)
United States (Feb 28th, 11)
Today the Noble Energy company secured the first US deep-water oil-drilling permit to drill in the Gulf of Mexico since the BP oil disaster, which took place nearly 10 months ago. Regulators have signaled they will approve more applications in the near future....
United States (Feb 28th, 11)
United States (Feb 28th, 11)
The report released today by the International Energy Agency (IEA), indicates that the oil exports from Saudi Arabia have increased since the Libyan protests started. As Bloomberg indicates, the Libyan unrest has caused a shutdown of oil production by nearly 5...
United States (Feb 25th, 11)
United States (Feb 25th, 11)
In a case regarding the British drilling company Ensco, Judge Martin Feldman, a District Court judge from Louisiana, has issued a statement that in effect orders the Obama administration to expedite the permitting process for new deepwater oil wells in the Gul...
United States (Feb 18th, 11)
United States (Feb 18th, 11)
Seahawk Drilling, a leading ‘jackup driller’ in the Gulf of Mexico for natural gas and oil, has filed for bankruptcy according to a Bloomberg article. The company will sell its assets to Hercules Offshore Inc., its long-time rival in the offshore d...
United States (Feb 12th, 11)
United States (Feb 12th, 11)
After 18 days of intense protests from Egyptian citizens, President Hosni Mubarak has stepped down after holding office for over 30 years. The significance of this moment in international politics has been compared to the magnitude of the fall of the Berlin Wa...
United States (Feb 11th, 11)
United States (Feb 11th, 11)
Saying the current business climate is conducive to their plans, Helix Energy Solutions Group Inc. (NYSE:HLX) announced it is going to divest all of its business related to gas and oil, including all its offshore facilities.
The goal of the company is to tran...
Business (Mar 8th, 10)
Business (Mar 8th, 10)