When an oil rig exploded and sank in the Gulf of Mexico last April, authorities reported that no crude was leaking into the sea. They were wrong.
Workers moved back into BP’s oil spill site on Sunday as seas calmed, and BP could begin pumping mud into the blown-out well later this week.
BP faces another difficult week of tough questions from investors and US lawmakers despite making progress in capturing an increasing amount of oil.
The latest effort to siphon oil and gas gushing from a ruptured deep-sea wellhead in the Gulf of Mexico is working well so far.
BP began capturing some oil spewing from its ruptured well on Friday as Barack Obama warned the company against skimping on compensation.
Anger, skepticism and accusations of lying washed over energy giant BP on Friday as it desperately pursued efforts to contain a month-old leak.
The Libyan government had invested -million of its cash reserves with accused swindler Allen Stanford’s firm as of late 2008.
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/ 28 February 2009
Regulators on Friday accused billionaire Allen Stanford, his college roommate and three of their companies of carrying out a ”massive Ponzi scheme”.
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/ 18 February 2009
Texas billionaire Allen Stanford and three of his companies were charged with massive fraud on Tuesday as federal agents swooped on his headquarters.
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/ 14 September 2008
Hurricane Ike slammed into the most populated part of the Texas coast on Saturday with ferocious winds and a wall of water that flooded seaside towns.