• 5 minutes USGS Announces Largest Continuous Oil Assessment in Texas and New Mexico
  • 10 minutes Venezuela continues to sink in misery
  • 13 minutes U.S. Senate Advances Resolution To End Military Support For Saudis In Yemen
  • 16 minutes IEA Sees Global Oil Supply Tightening More Quickly In 2019
  • 2 hours Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 5 hours $867 billion farm bill passed
  • 5 hours Rage Without Proof: Maduro Accuses U.S. Official Of Plotting Venezuela Invasion
  • 5 hours Has Global Peak Diesel Arrived?
  • 21 hours Sleeping Hydrocarbon Giant
  • 1 day OPEC Cuts Deep to Save Cartel
  • 17 hours How High Can Oil Prices Rise? (Part 2 of my previous thread)
  • 23 hours Air-to-Fuels Energy and Cost Calculation
  • 23 hours What will the future hold for nations dependent on high oil prices.
  • 1 day And the War on LNG is Now On
  • 23 hours Global Economy-Bad Days Are coming
  • 21 hours Could Tesla Buy GM?
Alt Text

Saudi Arabia Squeezed As OPEC Meeting Nears

Oil prices dipped in early…

Alt Text

Big Oil Doubles Down On Shale Despite Price Drop

Despite depressed crude oil prices…

Alt Text

Could Iraq Be The Next OPEC Member To Exit?

Just two days after Qatar’s…

RFE/RL staff

RFE/RL staff

RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many…

More Info

Trending Discussions

Cost Cutting Led to the Gulf Oil Disaster

A U.S. presidential panel has concluded that energy firm BP and its partners made a series of "systemic" cost-cutting decisions that led to the oil spill that polluted the Gulf Of Mexico coast last year.

In its final report on the causes of the largest offshore oil spill in U.S. history, the commission on January 5 said that many of the decisions made by BP and its partners, Halliburton and Transocean, had saved the companies "significant" time and money, but had increased the risk of an accident.

The commission added that government regulators lacked the necessary authority, resources, and technical expertise to oversee the companies, and that without "significant" reform in both oil industry practices and government policies, it remains possible that another similar disaster could occur.

BP, Halliburton, and Transocean were the three key companies involved in the operations of the undersea well and rig that exploded last April, killing 11 workers and sending millions of barrels of crude into the Gulf.

Several other investigations into the explosion are under way, including one by the U.S. Justice Department and another by the U.S. Coast Guard and the Bureau of Ocean Energy Management, Regulation and Enforcement panel.

Source: RFE/RL




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News