• 4 mintues Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Forecasts for oil stocks.
  • 9 minutes Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 13 minutes European gas market to 2040 according to Platts Analitics
  • 3 mins Simple question: What is the expected impact in electricity Demand when EV deployment exceeds 10%
  • 2 hours America's pandemic dead deserve accountability after Birx disclosure
  • 9 hours Putin blocks Ukraine access to Black Sea after Joe blinks
  • 9 hours U.S. Presidential Elections Status - Electoral Votes
  • 19 hours Today Biden calls for Summit with Putin. Will Joe apologize to Putin for calling him a "Killer" ?
  • 2 days Fukushima
  • 2 days CO2 Mitigation on Earth and Magnesium Civilization on Mars – Just Add Water
  • 10 hours Biden about to face first real test. Russia building up military on Ukraine border.
Why Iran’s Return To Oil Markets Isn’t A Major Threat

Why Iran’s Return To Oil Markets Isn’t A Major Threat

Iran’s potential reentry to oil…

Is This The Most Exciting Commodity Play Of 2021?

Is This The Most Exciting Commodity Play Of 2021?

Helium supply is being exhausted…

China’s Shale Gas Industry Is Finally Taking Off

China’s Shale Gas Industry Is Finally Taking Off

After years of lackluster drilling…

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

Premium Content

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


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




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