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Posts Tagged ‘oil’

The container ship that ran aground on a coral reef off of New Zealand’s North Island on 5 October, leaking large amounts of fuel, has broken in two (photo, from aljazeera.com). (more…)

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All of the oil has been pumped out of the cargo ship which had run aground on Astrolabe Reef (photo, from bbcimg.co.uk), on New Zealand’s North Island, officials said. (more…)

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A week ago bad weather forced salvage crews to stop pumping fuel from the stricken cargo ship, the Rena (photo, from bbcimg.co.uk), which ran aground on a coral reef off of New Zealand’s North Island on 5 October.

But the pumping was resumed on Monday, with a second pump being added in order to hasten the removal of oil. (more…)

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A container ship ran aground on a coral reef off of New Zealand’s North Island (map, from bbcimg.co.uk) on Wednesday.

On Sunday the country’s prime minister John Key flew over the scene in a helicopter and said two inquiries were already under way to find out why the ship had collided with the Astrolabe Reef. (more…)

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BP’s Gulf well is sealed

BP has conducted one more test before declaring the well permanently sealed, officials say. (photo, from bbcimg.co.uk)

The pressure test showed a cement plug put in place by BP to permanently “kill” the well was holding.

(more…)

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BP said that the tests on the newly capped Gulf of Mexico oil well show pressure has been building up slightly as hoped, with no signs of leakage. (photo, from bbc.co.uk) (more…)

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To protect its interests in the Arctic, Russia has announced plans to set up a military force. (more…)

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An “oil war” against foreign-owned oil compagnies working in the Niger Delta (photo), has been declared by Nigeria’s main militant group.

On Sunday, the Movement for the Emancipation of the Niger Delta (Mend) said it had launched “hurricane Barbarossa” and destroyed flow stations and oil pipelines, killing 22 Nigerian soldiers. (more…)

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In a new TV advert that has been unveiled, Barack Obama (photo), the US Democratic candidate to the White House, accuses John McCain, his Republican rival, of being under the sway of big oil firms. When the ad came, Mr Obama called for US emergency oil reserves to be used to help drive down fuel prices. (more…)

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In an attempt to control inflation that is at record levels, and for the first time in a year, the eurozone interest rates have increased.

The European Central Bank (ECB) has been encouraged by the rising food and fuel costs. It put its key rate up from 4% to 4.25%. (more…)

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