BP delays tests on new oil cap July 14, 2010 BP has delayed tests on a new cap on its blown-out oil well in the Gulf of Mexico. The energy giant is postponing the test to establish whether the well can withstand the pressure caused by closing the cap on top of the ruptured wellhead. “We decided that the process may benefit from additional analysis [...]
Mancini hits out at Fergie kamikaze jibe August 18, 2010 MANCHESTER CITY manager Roberto Mancini last night hit back at Sir Alex Ferguson’s accusations of “kamikaze” spending, retorting that Manchester United are no strangers to splashing millions in the transfer market. Ferguson launched a thinly-veiled attack on his local rivals this week when he lambasted the “amazing amounts” being invested by some clubs, just as [...]
Relief well rig back at BP oil spill site in Gulf July 25, 2010 A RIG that had been drilling a relief well to plug the Gulf of Mexico oil leak was back on site yesterday after storm fears forced it to leave the area on Friday. The Transocean rig “is on location, and beginning the process of reconnecting,” a BP spokesperson said. Other vessels that had left the [...]
BP cap stops oil spilling July 18, 2010 BP said yesterday its new cap has stopped the oil that has gushed into the Gulf of Mexico for three months and hopes to keep it that way until a relief well can permanently seal the leak next month. The British energy giant expressed confidence its blown-out Macondo well is intact below the seabed and [...]
RETAIL BANK OF THE YEAR September 5, 2010 LIFE is still hard for banks, especially the high-street variety. One of our list is government-owned, others are engaged in a vicious fight to entice customers with tasty offers, and one is a brave and innovative newcomer. All are fascinating – and well-known – companies in this vital and fast-changing sector. Don’t miss the City event [...]
Swiss class indoors, Swiss snow outdoors make an iconic St Moritz hotel October 24, 2010 THE lift doors opened and, there, standing in the grand foyer of St Moritz’s Suvretta House, stood a woman who seemed to epitomise this luxurious Swiss hotel. Tall, elegant and effortlessly chic in her glossy fur coat paired with long, expensive black boots, she oozed European-style opulence. Behind her, the stunning alpine view glinted in [...]
Storm delays BP clean-up July 22, 2010 BP WORKERS were preparing last night to temporarily halt clean-up efforts as a tropical storm brewing in the Caribbean Sea threatened the oil giant’s response to the worst environmental disaster in US history. BP stopped drilling its relief well yesterday, while its slow-moving skimming ships left the Gulf of Mexico spill site to dock as [...]
BP warns oil disaster costs have hit $6bn August 9, 2010 BP’s estimate of its costs for the Gulf of Mexico oil spill have spiralled by more than $2bn over the past three weeks to $6.1bn (£3.8bn), the company said yesterday. The costs include the $319m BP has already paid out in compensation to businesses and individuals affected by the 20 April disaster. In its last [...]
BP warns oil disaster costs have hit $6bn August 9, 2010 BP’s estimate of its costs for the Gulf of Mexico oil spill have spiralled by more than $2bn over the past three weeks to $6.1bn (£3.8bn), the company said yesterday. The costs include the $319m BP has already paid out in compensation to businesses and individuals affected by the 20 April disaster. In its last [...]
Fears of fresh oil leak hit BP July 19, 2010 NEWS THAT oil is seeping from the floor of the Gulf of Mexico sent BP’s shares down yesterday as concerns over the group’s future continued to grow. Engineers on the ground believe the explosion of the Deepwater Horizon rig in 20 April, that killed 11 and led to the worst oil spill in US history, [...]