Khagan Gulamov

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Petrodollars: Getting BP back into the good graces of the US government - The Barrel Blog

In this week’s <i>Oilgram News</i> column Petrodollars, Gary Gentile looks at the process by which BP is able to do business with the US government once …

BP more than doubles estimate of oil spill in Lake Michigan

BP, the petroleum giant, has more than doubled its estimate of how much crude oil it spilled this week into Lake Michigan, a source of drinking water for some 7 million people in Chicago and its suburbs.<p>On Monday, BP reported the spill into the lake from its Whiting refinery in northwest Indiana. …

BP refinery leaks oil into Lake Michigan near Chicago

<b>A BP refinery has spilled an undetermined amount of crude oil into Lake Michigan in the US.</b><p>BP said a malfunction caused crude oil to enter the Whiting refinery's cooling water system, which discharges into the lake.<p>US regulators said the spill appeared to be contained by Tuesday evening.<p>The Whiting …

Lake Michigan

Shah deniz awards further key stage 2 contracts

The Shah Deniz and South Caucasus Pipeline consortia are pleased to announce that they are moving forward at pace with the awards of key contracts …

MPs from all parties getting cold feet on adopting new powers

The 338 MPs of the 42nd Parliament will have the opportunity this week to formally adopt new powers – the question is, will they view the changes as in their political interest?<p>Already, the NDP is signalling that it likely won't support all or any of the new provisions in the Parliament of Canada …

There's A Mega Oil Boom Waiting To Happen In Mexico's Deepwater Fields

The need is obvious in Pemex's own results: On Feb. 27, the Mexico City-based company posted its fifth straight quarterly loss—76.5 billion pesos, or $5.8 billion, on production of 2.52 million barrels per day in 2013, down from 2.55 million barrels per day in 2012. Output at the Cantarell oil …

BP closer to restoring US operations after deal with government agency

BP is closer to restoring its operations and reputation in the US after agreeing a deal with environmental protection authorities that it will enable the oil firm to bid for new drilling rights in the Gulf of Mexico.<p>The British-based group had started legal proceedings against the US environmental …

How to Fix the Mortgage Market

What to do about a mortgage market that has become a ward of the federal government is one of the biggest questions left over from the 2008 financial …

What To Expect From Exxon In 2014?

Exxon Mobil had a tough 2013, as its earnings declined by ~24% y-o-y due to the declining upstream production, lower divestment gains and thinner refining margins. Like its peers amid industry-wide weakness in the downstream business, the company’s stock underperformed the S&P 500, which grew by …

BP Must Live With $9.2 Billion Oil-Spill Deal, Court Says

BP Plc was told by a federal appeals court to abide by terms of a $9.2 billion settlement with victims of the Gulf of Mexico oil spill after failing …

U.S. court rejects BP appeal over Gulf spill losses

(Reuters) - A divided U.S. appeals court on Monday rejected BP Plc’s (BP.L) bid to block businesses from recovering money over the 2010 Gulf of Mexico oil spill, even if they could not trace their economic losses to the disaster.<p>BP logo is seen at a fuel station of British oil company BP in St. …

How Michael Jordan Made $90 Million In 2013

Nike released the Air Jordan 10 “Powder Blue” retro sneaker on Saturday, 20 years after the first Jordan 10s hit shelves. Like all the Jordan retro releases, this one was highly anticipated and first-day sales hit $35 million. For perspective, in all of 2013, Adidas sold $40 million in the U.S. of …

Kazakhstan's Tengiz crude oil being diverted to CPC, BTC lines: traders - Oil

Fewer cargoes of Kazakhstan's Tengiz crude are expected to load out of the Ukrainian ports of Odessa and Feodosiya and the Georgian port of Batumi in …

Britain revamps North Sea oil sector as it seeks to keep Scotland

LONDON (Reuters) - The British government on Monday promised to make it easier and quicker to unlock hard-to-extract North Sea gas and oil as part of its efforts to persuade Scotland to remain part of the United Kingdom.<p>Britain's Prime Minister David Cameron (2nd L) looks at a map during his visit …

Ukraine: a few charts to bear in mind

While the focus in Ukraine has turned to government formation, Russia’s response, and chase-the-president, it’s worth keeping an eye on some of the …

35 провокационных цитат Чака Паланика

— От того, что ты засунул в жопу перо, ты еще не стал павлином.<p>Чак Паланик был первым, кто открыто бросил вызов обществу потребления и объявил …

Azeri Socar redirects crude flows from Novorossiisk route to BTC - Shipping

Azerbaijan's state oil company Socar has redirected to the Baku-Tbilisi-Cheyhan line the crude volumes it earlier shipped to the Russian Black Sea …

Statoil Merges Gas Trading With Oil to Suit Freer EU Market

Statoil ASA, Europe’s second-largest natural-gas supplier, will merge its gas- and oil-trading units as differences in buying and selling the two …

'Big oil' getting smaller as production keeps falling

<b>* Top seven western majors all seeing liquids output fall<br>* Supermajors' share of global market dropping every year<br>* BP reports fastest decline of 30%</b> …

How to Train Your Mind to Think Critically and Form Your Own Opinions

"Critical Thinking" may sound like an obnoxious buzzword from liberal arts schools, but it's actually a useful skill. Critical thinking just means …

Study: Green Advertising Helped BP Recover from the Deepwater Horizon Spill

Greenwashing works — that’s one interpretation of a recent working paper from the National Bureau of Research examining the impact of advertising on oil company BP. In the paper, economists from the University of Maryland, University of Michigan, and Brown set out to measure the influence of BP’s …

BP profits fall on lower refining margins and disposals

Oil giant lifts dividend as 22pc fall in full-year profits is marginally ahead of expectations<p>Weaker refining margins, higher exploration costs and ongoing disposals to fund an increasing bill for 2010’s Gulf of Mexico oil spill bill have hit BP’s profits.<p>The oil giant said underlying replacement …

Why Iran Is Courting BP And ExxonMobil

As it attempts to reap the benefits of easing international sanctions, Iran is wooing western oil companies in hopes of luring them back to the country. The potential suitors on Iran’s list include Shell, Exxon Mobil, ConocoPhillips, and BP. Its end game, though, may have more to do with intra-OPEC …

Beyond Shah Deniz: Azerbaijan’s Next-Generation Gas

Azerbaijan is prepared to supply European Union countries with natural gas for decades to come and in growing volumes. The giant Shah Deniz field, …

Analysis: BP back in favor despite spill legacy, Russia doubts

LONDON (Reuters) - If you had spent 10 pounds on BP shares on April 19, 2010, you would have just nine pounds now, including dividends. A poor investment, however you cut it, but also a remarkable recovery.<p>BP logo is seen at a fuel station of British oil company BP in St. Petersburg, October 18, …

How the oil boom could change U.S. foreign policy

The United States is suddenly awash in crude oil. From 2008 to 2013, domestic oil production rose by 2.5 million barrels per day — the biggest five-year increase in the country's history. Last year, U.S. produced more oil than it imported for the first time since 1995.<p>So what does that mean for the …

Top 10 assets in Shell's $30bn garage sale

As oil major Shell starts a disposal programme, we look at the assets that could be sold<p>Oil giant Royal Dutch Shell has started one of the largest asset disposal programmes in the global oil industry with the £700m sale of natural gas assets to Kuwait.<p>Ben van Beurden, who recently took over from …