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.
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 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.
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.
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.
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