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.
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.
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.
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.
Hurricane Isaac developed near the mouth of the Mississippi River today on a path that may take it near New Orleans and bring flooding rain to the lower Mississippi Valley, the National Hurricane Center said.
The six-month moratorium on deepwater drilling ordered in the wake of the Gulf of Mexico oil spill is essential to ensure public safety and shouldn’t be lifted, U.S. regulators said yesterday in a court filing.
U.S. officials turned up pressure on BP Plc over its damaged Gulf of Mexico oil well with visits to the region and a promise to “push them out of the way” if the company doesn’t do enough to halt the leak and clean up the mess.