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Canada toughens tone on Keystone approval
Posted by Reuters: Bruce Nichols on November 1st, 2011
Reuters: Canada is toughening its tone on the Keystone XL pipeline, warning the Obama administration that rejection of TransCanada Corp's $7 billion project could prompt Ottawa to concentrate on selling its oil-sands-derived crude to Asian customers instead.
"What will happen if there wasn't approval -- and we think there will be -- is that we'll simply have to intensify our efforts to sell the oil elsewhere," Joe Oliver, Canada's natural resources minister, told Reuters on Monday.
In the face of rising...
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BP files first US Gulf drill plan since Macondo
Posted by Reuters: Bruce Nichols on September 23rd, 2011
Reuters: BP confirmed on Friday it has filed a plan with U.S. regulators to pursue its first new deepwater oil exploration work in the Gulf of Mexico since the disastrous Macondo spill in 2010.
The plan, filed with the Bureau of Ocean Energy Management, Regulation and Enforcement, is BP's first move to return to deepwater Gulf exploration since its Macondo well ruptured on April 20, 2010, and caused nearly 5 million barrels of oil to spew into the sea in what was the worst U.S. marine oil spill.
The...