The African country of Ghana joined a very exclusive club today. The country began pumping oil of its coast — an oil field the country hopes will bring in $1 billion per year.
The company that owned the oil rig which exploded in the Gulf of Mexico, leading to the BP oil disaster, had a near miss in Europe just four months before.
The White House announced that it'll ban new drilling in the mid- and southern Atlantic coast and the west coast of Florida. Marketplace's Sarah Gardener reports.
Fort McMurray, Alberta may be the only town that breathed a sigh of relief when the recession came. Fort McMurray is a modern day boomtown that's struggling to keep up with near 10 percent a year growth and the flood of money from the nearby oil sands.
New technology and climate change have made it easier to drill for oil deep off the icy coast of Greenland. The country is planning to award permits to oil companies soon. Eve Troeh reports.
BP obviously won't be a 'good guy' for some time to come. But that doesn't mean that it still can't rake in some money, and people should generally be happy about that. Eve Troeh reports why.
Just three months after capping the well, BP is looking like it'll make a profit, despite the $40 billion they've set aside to pay for the disaster. Stephen Beard has more.
The White House panel investigating the oil spill in the Gulf of Mexico says British oil giant BP may not be the only one to blame. The panel's chief investigator claims Halliburton didn't clearly inform BP the cement mix it used on the well was unstable.
