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Since April 20th BP has been trying to contain the thousands of gallons of oil that are spilling out of the Deepwater Horizon well in the Gulf of Mexico, following an explosion that claimed the lives of 11 workers. Upwardly revised estimates from the US Geological Survey suggest that before the well was capped there were 40,000 barrels a day gushing into the sea, meaning 20 million gallons had enter....more |
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Author: Tags: BP | BP oil spill | oil production |
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The United States' high level of dependence in oil means that, despite an increased interest in renewable resources, companies in the region will be looking for new acquisitions for years to come. This includes expanding into different regions, as well as exploring previously untapped and unconventional resources. [eventpdf] Prior to the oil spill in March, BP announced a transaction w....more |
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Author: Tags: Acquisitions and Divestitures | BP | Shell |
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