Tim Probert

Tim Probert News

  • BHP Sees World Lagging U.S. in Shale for Future

    BHP Billiton Ltd., the world’s biggest mining company, sees international development of shale- gas resources continuing to trail the production boom in the U.S. in part because of a lack of infrastructure.

  • Halliburton Official ‘Surprised’ by Unauthorized Tests

    A Halliburton Co. safety executive testified he didn’t authorize post-explosion tests on the type of cement used on the BP Plc well that blew up in the Gulf of Mexico and was surprised when he heard about them a year later.

  • Halliburton, Schlumberger Rise on Speculation Rout on Moratorium Overdone

    Halliburton Co. and Schlumberger Ltd., the world’s largest oilfield contractors, rose in New York trading on speculation they have enough business around the world to weather a deep-water drilling moratorium in the U.S.

  • Gas-Price Recovery May Be Slowed by Backlog of Unfinished Wells

  • Obama Slams Oil Execs, Vows `Relentless' Effort on Spill

    President Barack Obama singled out executives from BP Plc , Transocean Ltd . and Halliburton Co . for blaming each other in a “ridiculous spectacle” at congressional hearings on the oil leak in the Gulf of Mexico.

  • BP, Halliburton, Transocean Blame Each Other in Testimony on Gulf Spill

    BP Plc and contractors Transocean Ltd. and Halliburton Co. are singling out each other for responsibility after the explosion of the Deepwater Horizon rig in the Gulf of Mexico.

  • Drilling Regulator Yields $13 Billion in U.S. Revenue With `Cozy' Oil Ties

    The U.S. agency overseeing offshore drilling safety is also the government’s second-largest money maker, a dual role being probed in hearings on last month’s deadly oil-rig explosion in the Gulf of Mexico.

  • `Sleeping Giant' Natural Gas Field Awakens in Texas

    A half-century-old Texas field may become one of the most profitable U.S. natural-gas developments after new drilling techniques tapped liquid fuel deposits.

  • Shale-Gas Boom May Stall as Price Slump Erodes Cash

    Drilling in U.S. shale-gas formations may tumble as companies run short of cash after prices for the fuel languished below the cost of production for more than a year.

  • Flaws Found in Key Gulf of Mexico Oil Rig Device, Congressional Probe Says

    By Steven Mufson and David A. Fahrenthold May 13 (Washington Post) -- A House energy panel investigation has found that the blowout preventer that failed to stop a huge oil spill in the Gulf of Mexico had a dead battery in its control pod, leaks in its hydraulic system, a "useless" test version of a key component and a cutting tool that wasn't strong enough to shear through steel joints in the well pipe and stop the flow of oil. In a devastating review of the blowout preventer, which BP said was supposed to be "fail-safe," Rep. Bart Stupak (D-Mich.), chairman of the House Energy and Commerce Committee's subcommittee on oversight, said Wednesday that documents and interviews show that the device was anything but. The comments came in a hearing in which lawmakers grilled senior executives from BP and oilfield service firms Transocean, Halliburton and Cameron, maker of the blowout preventer. In one

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