Royal Dutch Shell Plc, General Electric Co. and a company co-founded by T. Boone Pickens are planning investments in natural-gas-powered shipping as record U.S. output spurs the merchant fleet to use a new fuel.
The U.S. imposed its first restrictions on shipping into the Mississippi River, the most important North American waterway, as the massive BP Plc oil spill in the Gulf of Mexico moves closer to the land.
U.S. Coast Guard rescuers searched waters of the Gulf of Mexico through the night for 11 offshore oil workers still missing after an explosion and fire injured 17 people on a Transocean Ltd. drilling rig yesterday.
Louisiana oysterman Terrance M. Shelley was struggling to keep up with demand by New Orleans restaurants before BP Plc’s Macondo well blew out in April 2010, crippling the processing plant he opened six months earlier.
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.
U.S. Coast Guard Commandant Thad Allen said he trusts BP Plc’s chief executive officer as the company and government prepare their latest effort to stop the oil gushing into the Gulf of Mexico from a damaged BP well.
Democratic and Republican leaders in Congress are united in pushing an eightfold boost to a loan program designed to attract private highway funding, even as revenue gaps in existing projects may cause taxpayer losses.