BP vows $500 mln to study impact of oil spill

Oil giant BP pledged Monday up to 500 million dollars (405 million euros) to study the impact of the Deepwater Horizon rig spill on the Gulf of Mexico environment.

Deepwater lessons

In the 24-hour news cycle era, the Deepwater Horizon oil leak in the Gulf of Mexico already feels like an event from yesteryear, an event that had its 15 minutes of news domination during the summer of 2010 then made room ...

Elgin platform gas leak plugged safely, says Total

French energy giant Total said Monday it had successfully plugged a gas leak at a North Sea platform that cost the firm hundreds of millions of dollars and threatened to trigger a major explosion.

Toyota recalls SUVs in Middle East, fires reported

Toyota Motor Corp. said Monday it is recalling 13,000 FJ Cruiser sport-utility vehicles, mostly in the Middle East, for fuel tubes that may overheat, melt and set off a gas leak.

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