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Transocean To Pay $1.4 Billion In Gulf Oil Spill Settlement

2013-01-03 20:44:00| Climate Ark Climate Change & Global Warming Newsfeed

National Public Radio: Transocean, the owner of the Deepwater Horizon rig where 11 men died in April 2010, has agreed to pay $1.4 billion in criminal and civil penalties to resolve Justice Department allegations over its role in the Gulf of Mexico oil spill. A Transocean subsidiary also agreed to plead guilty to a single criminal misdemeanor charge for violating the Clean Water Act. Federal authorities blamed the company for acting negligently when the rig's crew proceeded with maneuvers to the deep-sea well in the face...

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QR Energy Acquires $145MM Florida Gulf Coast Properties

2013-01-03 09:50:00| OGI

Headquartered in Houston, QR Energy LP announces it has acquired oil properties in the Jay field.

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QR Energy buys oil properties in Florida's Gulf coast area, US

2013-01-03 01:00:00| Hydrocarbons Technology

US-based QR Energy (QRE) has bought oil properties in the Jay field in the Florida Gulf Coast area, US, from its sponsor Quantum Resources Fund, for $145m.

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US: East and Gulf Coast port strike averted as negotiations continue

2013-01-02 12:36:00| Daily apparel & textile news and comment - from just-style.com

A strike at ports along the US' East and Gulf coasts has been temporarily averted, as the International Longshoremen Association (ILA) and United States Maritime Alliance (USMX) have extended their current contract for a further 30 days as they continue negotiations.

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Oil Drilling Rig Runs Aground In Gulf Of Alaska

2013-01-01 16:59:00| Climate Ark Climate Change & Global Warming Newsfeed

National Public Radio: An oil drilling rig holding more than 150,000 gallons of diesel, lubricating oil, and hydraulic fluid has run aground near Kodiak Island in the Gulf of Alaska, after it was being towed during a storm. The crew was evacuated before the rig was incapacitated. "The rig ran aground in a storm, with waves up to 35 feet and wind to 70 miles per hour," reports Jeff Brady, on NPR's Newscast. The Shell Oil rig is "about 250 miles south of Anchorage," Jeff says. Update at 6:13 p.m. ET. No Sign of a Leak....

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