Shell uncertain about cause of North Sea oil spill

Royal Dutch Shell has been struggling to contain a 1,300 barrel oil spill in the North Sea. Last week the company reported an oil leak from a flow line at the [...]

Shrinking British oil company BP Plc announced quarterly profit down a fifth from a year ago, after it sold assets in preparation for what could be its biggest oil spill payout when the case comes to trial later this month. BP, the last of the big four western world oil companies to report fourth quarter figures, still beat expectations because of one-off taxes related to its divestments and liability payments, and its shares rose nearly 2%.

Secondary spill pumping about two barrels of oil into the water each day

[AP] - Royal Dutch Shell has shut down the main leak at one of its North Sea oil rigs but said Tuesday it is struggling to stop a secondary spill in a hard-to-reach part of the ocean floor.