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BP barred from new US gov't contracts, land leases

Submitted by Fox First at Ten on November 28th

By By JOSH LEDERMANAssociated Press WASHINGTON (AP) - The Obama administration put a stop to new federal contracts with BP on Wednesday, admonishing the British oil company for a "lack of business integrity" and also disqualifying it indefinitely from winning new leases to drill on taxpayer-

BP suspended from new US gov't contracts

Submitted by Fox First at Ten on November 28th

By By JOSH LEDERMANAssociated Press WASHINGTON (AP) - The Obama administration put a temporary stop to new federal contracts with British oil company BP on Wednesday, citing the company's "lack of business integrity" and criminal proceedings stemming from the Deepwater Horizon disaster in

Abu Dhabi-controlled TAQA buys BP North Sea assets

Submitted by Fox First at Ten on November 28th

LONDON (AP) - British oil company BP is selling its interests in some North Sea oil and gas fields to TAQA, a company controlled by Abu Dhabi Water and Electricity Authority, for $1 billion. The company has now negotiated sales of assets valued at about $37 billion since 2010 - just short of its

3 BP employees arraigned on Gulf oil spill charges

Submitted by Fox First at Ten on November 28th

By By MICHAEL KUNZELMANAssociated Press NEW ORLEANS (AP) - Two BP rig supervisors and a former BP executive pleaded not guilty Wednesday to criminal charges stemming from the deadly Deepwater Horizon rig explosion and the company's response to the massive 2010 spill in the Gulf of Mexico.

Japan suspends dubious reconstruction projects

Submitted by Fox First at Ten on November 28th

By ELAINE KURTENBACHAP Business Writer TOKYO (AP) - Japan's government has suspended 35 projects included in a budget for reconstruction from the March 2011 earthquake and tsunami after criticism the spending was not directly related to recovery from the disasters. As much as a fourth of

APNewsBreak: $9B for storm prep would rethink NYC

Submitted by Fox First at Ten on November 28th

By MICHAEL GORMLEYAssociated Press ALBANY, N.Y. (AP) - Gov. Andrew Cuomo wants huge electrical transformers in commercial buildings hauled to upper floors and wants the ability to shutter key tunnels, airports and subways from floodwaters as part of a $9 billion plan to safeguard New York City

Cuomo likens Katrina, Sandy as damage total soars

Submitted by Fox First at Ten on November 27th

By MICHAEL GORMLEYAssociated Press ALBANY, N.Y. (AP) - New York Gov. Andrew Cuomo declared Superstorm Sandy in some ways worse than 2005's Hurricane Katrina as he said his state would need $42 billion to recover from the damage wreaked in late October and prevent future catastrophe. The

AP Source: Sandy cost NY, NYC $42B in damage, loss

Submitted by Fox First at Ten on November 26th

By MICHAEL GORMLEYAssociated Press ALBANY, N.Y. (AP) - An official in the New York governor's administration says Superstorm Sandy ran up a $42 billion bill on New York and the state and New York City are making big requests for disaster aid from the federal government. The official

Cuomo: Sandy cost NY, NYC $32B in damage and loss

Submitted by Fox First at Ten on November 26th

By MICHAEL GORMLEYAssociated Press ALBANY, N.Y. (AP) - Top political leaders in New York put their heads together Monday on big requests for federal disaster aid as Gov. Andrew Cuomo announced that Superstorm Sandy ran up a bill of $32 billion in the state and the nation's largest city. The

AP Source: Sandy cost NY, NYC $42B in damage, loss

Submitted by Fox First at Ten on November 26th