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Tony Hayward to step down from BP, reports say

Tony Hayward to step down from BP, reports sayBritish media are reporting that BP chief executive Tony Hayward is negotiating the terms of his departure ahead of the oil company's results announcement later this week.

Citing unidentified sources, the BBC and Sunday Telegraph reported detailed talks regarding Hayward's future had taken place over the weekend. The BBC said a formal announcement on Hayward's exit is expected in the next 24 hours.

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Senate panel approves plug-in hybrids, expanded loan program for fuel-efficient vehicles

A Senate committee approved two proposals today to boost plug-in hybrid vehicles and expand a $25-billion loan program for fuel-efficient vehicles to include commercial trucks and possibly more money.

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Design unveiled for first 1,000 miles an hour car

Design unveiled for first 1,000 miles an hour carA British team aiming to smash the current land speed record has unveiled the design of a pencil-shaped car that it hopes will travel at more than 1,000 miles an hour.

After three years of aerodynamic research, construction is about to begin on the Bloodhound Supersonic Car which will be powered by a jet engine and a rocket with the record attempt slated for 2012 in South Africa.

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Aircraft completes first solar-powered night flight

Aircraft completes first solar-powered night flightA giant glider-like aircraft has completed the first night flight propelled only by solar energy, organizers said on Thursday.

Solar Impulse, whose wingspan is the same as an Airbus A340, flew 26 hours and 9 minutes, powered only by solar energy stored during the day. It was also the longest and highest flight in the history of solar aviation, organizers said.

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Defense Department remains a large BP customer

Defense Department remains a large BP customerThe Defense Department has kept up its immense purchases of aviation fuel and other petroleum products from BP even as the oil giant comes under federal and state scrutiny for potential violations of clean-water and oil-spill laws related to the April 20 explosion of the Deepwater Horizon drilling rig, according to U.S. and company officials.

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Energy Hegemony: Israel Eyes Lebanon’s Offshore Gas Reserves

“We are not obliged to state the limits of our State.” – David Ben Gurion, 14 May 1948

In all regional disputes, big or small, Israel will invariably threaten or implement violence. It is the preferred method of conflict resolution. The recent discovery of natural gas reserves in Lebanese territorial waters, and Israel’s claim to them, is no exception.

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BP played big role in Alaska blowout preventer probe

BP played big role in Alaska blowout preventer probeWhen two Alaska state agencies received complaints in 2005 that a BP drilling contractor routinely cheated on tests of blowout preventers and that BP knew it, the agencies let the very companies accused of wrongdoing join the investigation.

Records show that attorneys and officials of BP and its contractor, Nabors Alaska, sat in with, or even in place of, state investigators when witnesses were interviewed. In at least three instances, after witnesses confirmed allegations, company lawyers took them aside for private conversations.

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