Giant Hurricane Ike began lashing the Texas gulf coast on Saturday with its fierce category 3 winds threatening to shut down United States' oil industry and flood the big water front area which is already under waist deep water. Ike, which has already churned through the Gulf of Mexico, is now on a collision course with Texas, where already over a million people in coastal areas have been evacuated but thousand others have ignored calls to leave, deciding to brave it out.
'Spillcam', the coinage for the oil spill into the Gulf of Mexico, and horn pipe 'Vuvuzela' that shot into fame during the FIFA World Cup have been named the top words of 2010 by a group that analyses language usage while Chinese leader Hu Jintao is the year's top name.
FIFA president Gianni Infantino had proposed expanding the tournament and explored the idea of adding additional host nations.
Officials in Mexico's Tamaulipas state, which borders Texas, said 18,000 people had been evacuated Tuesday from 20 low-lying, seaside communities.
The billion dollar penalty of the kind imposed on BP will not deter risky operations but it will hopefully create an incentive for stricter safety measures.
India-born Louisiana Governor Bobby Jindal has criticised United States President Barack Obama for being not connected to ground realities in his latest book.
'What India needs more than anything else is an in-command Singh, who assiduously shepherds a difficult slippery path with good footwork and adroit balance. Instead we have a hamstrung leader struggling with a difficult diverse set of issues.'
The oil spill in the Gulf of Mexico and the Bhopal tragedy have brought back into focus the issue of industrial accidents, contractual liabilities and questions of operator liability, notes Manoj Kumar and Lydia Powell in an Observer Research Foundation study, which will be published in a three-part series. Here goes the first part:
There is an urgent need for a Joint Parliamentary Committee to examine the current liability regime besides a high-powered trans-disciplinary independent experts committee to study the issue, says Gopal Krishna.
US President Barack Obama on Thursday called for new tougher regulations in the wake of the oil rig explosion in the Gulf of Mexico, the worst environmental disaster in the American history.
The company's junior partner in block KG-DWN-2003/1 (or D3) Hardy Oil and Gas said there were 'unresolved mechanical issues' with Transocean's rig 'Deepwater Expedition' which was drilling an exploration well on the block.
The world's biggest filmmaker has offered his fleet of private submarines to BP (formerly British Petroleum), to assist the company in stopping the massive oil flow threatening the Gulf of Mexico, caused by its leaking oil rig, the Deepwater Horizon.
Barack Obama traded passes and scuffles with famous hoopsters like Kobe Bryant and Earvin "Magic" Johnson ahead of a White House barbecue birthday bash where the US president treated his friends with seafood from oil-tainted Gulf of Mexico.
According to The New York Post, sources close to BP have revealed that there was a growing expectation that Hayward would announce his departure in late August or September.
Obama, who has so far made four trips to the region, is scheduled to address the nation Tuesday night.
Insiders say that BP is planning a containment cap.
Louisiana Governor Bobby Jindal has called for the federal government to respond promptly to the BP oil spill which has occurred off the Louisiana coast. The spill which occurred in the Gulf of Mexico on April 0, 2010 has spread rapidly and poses a severe threat to the wildlife in the marshes that dot the Louisiana coast. The blowout caused an explosion which led to the sinking of the Deepwater Horizon offshore drilling platform.
On his first visit to India after taking over as BP Plc Chief Executive Officer (CEO), Bob Dudley met Prime Minister Manmohan Singh, but what the CEO of the most talked petroleum company of the year did in his less than a day trip was to present "his credentials".
The Hurricane Dolly plummeting the Texas coast thwarted a high-profile event of Republican presidential candidate John McCain, who was to fly to an oil rig in the Gulf of Mexico and meet Indian-American Governor of Louisiana Bobby Jindal, being seen as a possible running mate.Media analysts said the event -- at which McCain was to raise the issue of offshore oil drilling and technology that made it safe -- was aimed at stealing some thunder from his Democratic rival Obama.
The U.S. Federal Bureau of Investigation and others have been investigating whether Texas billionaire Allen Stanford was involved in laundering drug money for Mexico Gulf cartel, ABC News reported on Wednesday, citing federal authorities.
Other than India, China and Mexico, the top 10 recipients of remittances include the Philippines, Poland, Nigeria, Romania, Egypt, Bangladesh and Vietnam. Remittance flow to South and East Asia has continued to post strong growth, largely on the fact that the gulf countries, a major destination for Asian migrants, have not significantly reduced hiring migrants.
As per contractual terms, Hayward will walk away with nearly a 15 million pounds pay off, including a million pound as salary, share options worth 2.7million pounds and a 10.8 million pounds pension pot.
Xavi, who won the World Cup with Spain in 2010 and is seeing out his career in Qatar with top-flight club Al Sadd, said 48 teams would not be the right option for 2022, however.
Oil Minister Murli Deora flew into the Vietnamese Capital this morning with heads of bluechip Indian oil firms to lay a claim with Hanoi on BP's stake in two offshore gas fields, a pipeline and power project -- together referred as Nam Con Son, Vietnam's largest gas project.
In his remarks at the State Dining Room following his meeting with the BP executives - the first after the oil spill started in the Gulf of Mexico last month -- Obama said the $20 billion will provide substantial assurance that the claims people and businesses have will be honoured.
In yet another bid to manage the raging crisis in the Gulf of Mexico, oil major BP said on Wednesday that it had bought the "oil spill" search string in Google.com. So, the next time when an internet user types "oil spill" in Google.com, the first response in the search results will be a link directing to BP's micro website that is dedicated to disseminating information on how it has handling the crisis on the ground.
Meanwhile, in a statement, BP also said that the huge oil spill had so far cost the company $350 million.
The first race at the Red Bull Ring would be on the July 3-5 weekend.
The winners of the Natural History Museum's prestigious Wildlife Photographer of the Year competition were announced at an awards ceremony in London. American photographer Karine Aigner was announced as this year's Wildlife Photographer of the Year.
With automation taking place at a much faster pace across industries especially in the tech space, domestic software firms that employee over 16 million are set to slash headcounts by a massive 3 million by 2022, which will help them save a whopping $100 billion mostly in salaries annually, says a report. The domestic IT sector employs around 16 million, of them around 9 million are employed in low-skilled services and BPO roles, according to Nasscom. Of these 9 million low-skilled services and BPO roles, 30 per cent or around 3 million will be lost by 2022, principally driven by the impact of robot process automation or RPA. Roughly 0.7 million roles are expected to be replaced by RPA alone and the rest due to other technological upgrades and upskilling by the domestic IT players, while it the RPA will have the worst impact in the US with a loss of almost 1 million jobs, according to a Bank of America report on Wednesday.
International crude oil prices have fallen over 33 per cent from their recent record highs and are projected to fall further towards $90 per barrel with the second hurricane in the Gulf of Mexico not causing as much loss of production as was initially estimated.
Research has shown that a series of monumental volcanic eruptions, which created gigantic Deccan Traps lava beds in India, may have wiped out dinosaurs 65 million years ago, dispelling notions that a meteor impact in the Gulf of Mexico did the same
West Asia tension will keep crude prices high
At least three people were killed as Hurricane Frances relentlessly pounded Florida, eastern US with gusty winds and heavy rain, leaving more than five million people without power, tearing off roofs and windows and leveling trees in its path.
'NRI interest has gone up in the past three-four years.'
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