BP could start plugging its oil well on Monday night, more than three months after its rupture led to the worst offshore oil spill in US history.
A major, new problem popped up on the International Space Station on Wednesday as space shuttle astronauts finished installing a new solar-power unit — the failure of key computers that could in an extreme scenario force the crew off the station, officials said.
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/ 12 January 2007
Imagine standing on a rubber raft and sticking a really long straw into a pond in hopes of sipping a soft drink buried on the bottom. That is what drilling for oil is like on the new frontier, kilometres under the sea floor in the Gulf of Mexico. The challenge is immediately clear as you step off a helicopter on to the Noble Amos Runner, a 29 000-tonne rig floating 280km south of New Orleans.
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/ 16 November 2006
Former Enron chief accounting officer Richard Causey was sentenced on Wednesday to five-and-a-half years in prison for approving the bogus bookkeeping that led to the company’s 2001 collapse. Causey (46) the last of the top-tier Enron executives to be sentenced, pleaded guilty to securities fraud in December 2005.
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/ 24 October 2006
Former Enron chief executive Jeff Skilling was sentenced on Monday to more than 24 years in prison for leading a financial fraud that destroyed the company and came to symbolise a dark era for corporate America. US District Judge Sim Lake said Skilling’s crimes ”have imposed on hundreds if not thousands of people a lifetime of poverty”.
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/ 27 September 2006
Andrew Fastow, who helped engineer the financial trickery that sank Enron and then helped convict his former bosses in the scandal, on Tuesday got four years knocked off the plea deal he had made, receiving a six-year sentence instead. United States District Judge Ken Hoyt said the 44-year-old former Enron chief financial officer (CFO) had given ”exceptional” assistance to prosecutors.