Tag: BP

Q&A: BP America CEO talks oil prices, opportunities

Minge is a former driller who has been with BP for more than three decades, including his most recent stint in Alaska.  More »

Enbridge lays off some Houston-area workers

The Houston-based pipeline company last week cut positions in its under-performing domestic gas pipelines and processing business unit, including jobs in the office and field locations.  More »

As crude oil prices fall, concerns about sector slowdown rise

A slew of factors – including decreased demand projections and tough words from a Middle East official – contributed to a $2.88 drop in U.S. benchmark oil prices to $60.94 per barrel.  More »

BP sees $1 billion in restructuring charges as oil falls

The British oil giant is gearing up to weather at least two years of lower oil prices and the contraction in the oil industry that goes with it.  More »

Feds blast BP’s request to cut billions in spill fines

The outcome of this latest legal tussle between the British oil giant and federal prosecutors could mean a difference of $11 billion on BP’s final bill for spilling millions of barrels of oil into the ocean four years ago.  More »

Supreme Court denies BP’s petition to review settlement case

The U.S. Supreme Court on Monday denied BP’s request for the court to review the 2012 oil spill settlement it reached with thousands of Gulf Coast businesses and residents in the wake of the Deepwater Horizon disaster.  More »

BP cutting jobs

BP is cutting mid-level supervisors in its oil production and refining businesses and in back-office corporate functions, the British oil giant’s chief financial officer told the Times of London as it is set next week to lay out its plans through the end of this decade.  More »

Ex-BP executive fighting Gulf oil spill charges

Among the defense arguments are: one count is unconstitutionally vague; the congressional subcommittee investigation that Rainey is accused of obstructing had not been properly authorized; and one of the charges takes Rainey’s statements about the flow rate from the well out of context.  More »

Working overseas dangerous, lucrative for oil and gas employees

Terrorist groups have increasingly been targeting oil and gas workers for their lucrative kidnapping ransoms.  More »

BP, audit spell out documentation issues at spill claims office

A report from an independent accounting firm could give BP more ammunition for its long legal fight over its massive oil spill settlement.  More »

Deepwater Horizon damages paid with almost no error, audit shows

The Deepwater Horizon claims office that BP has painted as the source of hundreds of millions in unjust and fictitious payments actually has dispersed damage awards with a 99.5 percent accuracy rate, according to an audit released in court papers Tuesday.  More »

Iraq’s biggest oil plant to reopen after militants ousted

Iraqi troops will expel the militants from areas near a pipeline supplying the refinery 130 miles north of Baghdad.  More »

BP asks judge to cap spill penalties at $12 billion

BP wants a federal judge to cap its potential oil-spill pollution fines at a maximum of $12.3 billion, a move that would cut away nearly a third of the penalties U.S. prosecutors are seeking for the Deepwater Horizon disaster.  More »

California accuses BP of inflating gas contract

The state sued BP in San Francisco County Superior Court this week.  More »

Judge approves $5.15 billion Anadarko environmental settlement

The settlement is the largest environmental enforcement payment in U.S. history.  More »
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