Gulf Of Mexico

Gulf Of Mexico News

  • GM Seen Needing $3 Billion Fund to Address Defect Deaths

    General Motors Co. will probably create a fund of as much as $3 billion to pay claims associated with an ignition-switch flaw the automaker said is linked to the deaths of 12 people, a Barclays analyst wrote this week.

  • Chinese Pigs Eating Soybeans Cut U.S. Supply to 1965 Low

    In the 60 years that Ursa Farmers Cooperative has been loading Midwest soybeans onto boats along the Mississippi River, business has never been this good.

  • WTI Crude Rises to Two-Week High on Cushing Supplies

    West Texas Intermediate crude advanced to the highest level in more than two weeks after supplies at Cushing, Oklahoma, the delivery point for the contract, reached a two-year low. Brent gained in London.

  • WTI Trades Near One-Week High as Cushing Inventories Fall

    West Texas Intermediate rose to a two-week high after crude stockpiles fell at the main U.S. oil storage hub. Brent gained in London as most Libyan oil fields remained shut.

  • WTI Crude Advances as Cushing Inventories Decline

    West Texas Intermediate crude gained as inventories at Cushing, Oklahoma, decreased for an eighth week and demand for gasoline reached a three-month high. Brent rose for the fourth time in five days.

  • Lenovo Heeds Jiang’s ‘Go Out’ Call in Second China M&A Wave

    Fifteen years ago, China initiated a “Go Out” policy that encouraged state-owned companies to acquire overseas energy and mining assets to feed an emerging export juggernaut.

  • This Could Be the Priciest Baseball Park in the Whole Atlantic Ocean

    Something odd happens to the neighborhood around Marlins Park, Miami’s new $650 million baseball stadium, when you overlay 21st-century sea-level rise projections. It sinks below the waterline. It’s a shame. The park has a retractable, cloud-white roof to shield players and spectators from the summer sun. It recycles, sips energy and water, and is plugged into public transit. It has 27 flood gates, and was built one foot higher than floods are supposed to reach in once-in-500-year storms. The total, publicly financed package, with debt servicing, could cost Miami $2.4 billion by 2049. If the Atlantic inches in as projected, eventually it might not matter how many flood gates there are. Oceans are swelling as they absorb heat, and ice sheets in Greenland and Antarctica have been melting faster since the early 1990s. Sea-level rise estimates for later this century have been revised upward, to a global average of a foot and a half to three feet by 2100, without aggressive carbon-cutting, according to the Inter

  • Kremlin Partnership Places BP at Risk in Russia Crisis

    No business has as much at stake as BP Plc, as the crisis in the West’s relations with Russia escalates.

  • Booming U.S. NGL Exports Idled With Houston Channel Shut

    The closing of the Houston Ship Channel after a fuel spill is idling vessels that carried a record amount of U.S. natural gas liquids exports last year, raising questions about the need for geographic diversity in the burgeoning market.

  • Heart Defects in Gulf Tuna Seen Tied to 2010 BP Oil Spill

    Crude oil from BP Plc’s 2010 Gulf of Mexico spill may have led to heart defects and premature death for tuna, researchers backed by the National Oceanic and Atmospheric Administration report.

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