Tim Probert

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  • 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.

  • 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

  • Senators Fault BP's `Flailing' Response on Gulf Oil Spill

    BP Plc , owner of an oil well where a drilling rig exploded and sank last month, was faulted by U.S. lawmakers for “flailing around” after a massive spill began threatening the coast from Louisiana to Florida.

  • `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.

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

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