Tropical Storm Debby formed in the central Gulf of Mexico on Saturday and was expected to strengthen into a hurricane as it skirted the Louisiana coast and took aim at Texas, the US National Hurricane Center said.
Debby covered much of the
Slow-moving Tropical Storm Lee strengthened as it lumbered toward the Louisiana coast on Saturday, bringing torrential rains that will put the flood defenses of low-lying New Orleans to the test.
The storm is expected to reach the Louisian
The markets were closely eyeing British energy giant BP's stock price on Thursday after it plunged to a 14-year low in US trading on concerns about the costs of the giant Gulf of Mexico oil spill.
President Barack Obama's administration, g
The latest plan to capture oil belching from a BP well into the Gulf of Mexico will work less well than originally hoped, the US Coast Guard said on Thursday.
Shares in the energy giant rose in London trading on market hopes that the plan
US government and BP officials are warning that the blown-out oil well causing an environmental disaster on the Gulf Coast may not be stopped until August as the company begins preparations on a new attempt to capture the leaking crude.
The first heavy oil from a giant Gulf of Mexico spill sloshed ashore in fragile Louisiana marshlands on Wednesday and part of the mess entered a powerful current that could carry it to Florida and beyond.
The developments underscored the g
Iraq’s Ministry of Oil has signed two contracts with US-based Shaw Group’s Energy and Chemicals Group to provide feasibility studies and front end engineering and design (FEED) for two grassroots refineries.
The two refineries with a capac