Drilling & production - 16 November 2012

Europe and Asia are the leading destinations for US coal exports in 2012

Friday 16 November 2012 11:45

About 75% of US coal exports were shipped to Europe and Asia in 2012, continuing the growth of the past few years with exports this year expected to reach an all-time high, according to the US Energy Information Administration.

BP set to pay US$ 4.5 billion fine for Macondo

Friday 16 November 2012 10:45

In a plea deal arranged with the US Department of Justice, BP has agreed to plead guilty to several criminal charges surrounding the Macondo spill, resulting in a fine of US$ 4.5 billion.