Grand Isle News
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Huntsman Gay Global Capital LLC, the private-equity firm whose ranks include the retired professional football star Steve Young and former Citigroup Inc. executive Gary Crittenden, has sold the operating units of Power Holdings to rival Kelso & Co. for $380 million in cash, Crittenden said.
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Two people are missing after an explosion and fire at a Gulf of Mexico platform owned by Black Elk Energy Offshore Operations LLC. An oil sheen was reported near the scene.
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Federal regulators ordered Black Elk Energy Offshore Operations LLC to improve its safety procedures after a fatal Nov. 16 explosion and fire on an oil platform in the Gulf of Mexico.
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President Barack Obama said oil spilling from a damaged BP Plc well in the Gulf of Mexico is an “assault on our shores” and the government will keep it a top priority until the leak is plugged and the environmental damage is repaired.
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Louisiana Governor Bobby Jindal ’s plan to block BP Plc’s spilled oil with sand berms, approved after President Barack Obama met with officials, was declared a failure by the staff of a commission investigating the disaster.
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The U.S. Coast Guard said it rescued two workers after an oil platform fire in the Gulf of Mexico, about 50 miles (80 kilometers) off the coast of Grand Isle, Louisiana.
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Michigan’s depressed economy nearly toppled Grand Rapids-based awning maker Prestige Products. In April, the company’s fortunes changed when executive Brian Rickel got a phone call from an old contact at BP Plc .
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BP Plc has received almost 35,000 ideas in just over a month on how best to clean up millions of gallons of oil from the biggest spill in U.S. history. So far, only four have made it into testing.
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Gulf of Mexico fisheries are rebounding from the BP Plc oil spill, landing more fish last year than in 2009, the year before the worst U.S. offshore marine disaster, the government said.
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It’s supposed to be high season in Biloxi, Mississippi, but George Griffith stands on a stretch of beach where seagulls, tacking into a bullying southeast wind, easily outnumber the dozen or so die-hard tourists testing the surf.
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