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BP

Poly-lines carry gas from an oil production well pumping unit at the Newfield Exploration Company's Monument Butte field in northern Utah. (Steve Campbell/Chronicle Staff)

Newfield appoints two veteran industry executives to its board

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The appointments come as Newfield seeks to grow its domestic resource plays, the company said.
Categories: Exploration, Production
In this April 2010 file photo, oil can be seen in the Gulf of Mexico, more than 50 miles southeast of Venice on Louisiana's tip, as a large plume of smoke rises from fires on BP's Deepwater Horizon offshore oil rig. (AP Photo/Gerald Herbert, File)

Judge: Local governments, including Houston, will get their BP payments soon

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A federal judge said this week BP has until late August to start processing payments totaling $1 billion to the 400 local governments along the Gulf Coast that were part of the British oil major’s $18.7 billion Deepwater Horizon oil spill settlement inked earlier this month.
BP Plc Results News Conference

BP posts $6.3 billion loss, warns of more layoffs ahead

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BP lost $6.3 billion in the second quarter amid the ongoing oil slump and as it took charges on its recent Deepwater Horizon oil spill settlement with the U.S. government and Gulf states.
BPsign

BP asks Montana judge to dismiss lawsuit alleging deceit

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Attorneys for BP asked a Montana judge Thursday to dismiss a lawsuit by the state alleging the oil giant has deliberately concealed information for decades.
Categories: Crude oil, Legal issues
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In this Wednesday, April 8, 2015 file photo, Ben van Beurden, CEO of Royal Dutch Shell, left, shakes hands with the Chairman BG group Andrew Gould during a press conference to announce Royal Dutch Shell has agreed to buy British Gas, in London. The current wave of corporate takeovers and mergers is set to grow as the appetite for deals among global executives hits a five-year high amid a strong dollar and low oil prices, a survey found Monday April 13, 2015. (AP Photo/Alastair Grant, File)

Deal making down sharply in second quarter

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A total of 137 deals were announced between April 1 and June 30, the lowest number since the fourth quarter of 2008, according to the U.S. Energy Information Administration.
FILE - In this Dec. 22, 2014 file photo, an Iranian oil worker rides his bicycle at the Tehran's oil refinery south of the capital Tehran, Iran. Oil prices that slumped steeply earlier this year may take another hit once a historic deal between the West and Iran allows that country to start pouring more crude into a market already brimming with supply. (AP Photo/Vahid Salemi, File)

Eni CEO: Iran could double oil output by 2020

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The flood of Iranian oil into a global market that’s already oversupplied will keep crude prices low for the rest of the decade, Eni SpA Chief Executive Officer Paolo Scaroni said on Wednesday.
In this April 2010 file photo, oil can be seen in the Gulf of Mexico, more than 50 miles southeast of Venice on Louisiana's tip, as a large plume of smoke rises from fires on BP's Deepwater Horizon offshore oil rig. (AP Photo/Gerald Herbert, File)

New Orleans accepts $45 million from BP in oil spill settlement

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Mayor Mitch Landrieu’s office announced in a news release Thursday the money will be used for “resilience initiatives, including water management and coastal and ecosystem restoration.”
Texas Gov. Greg Abbott (Chris Kleponis/Bloomberg News)

Texas to get $750 million from BP oil spill settlement

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Texas Gov. Greg Abbott said in the statement that the sum would allow Texas “to reinvest in the Gulf community and reinvigorate the economic and environmental health of the region.”
In this April 2010 file photo, oil can be seen in the Gulf of Mexico, more than 50 miles southeast of Venice on Louisiana's tip, as a large plume of smoke rises from fires on BP's Deepwater Horizon offshore oil rig. (AP Photo/Gerald Herbert, File)

BP to settle Deepwater Horizon claims for $18.7 billion

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BP has struck a deal to settle all federal, state and local claims against it for its role in the Deepwater Horizon oil spill for $18.7 billion. It would pay out that sum over 18 years, BP said Thursday.
(AP Photo/Gerald Herbert, File)

BP to settle Deepwater Horizon claims for $18.7 billion

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BP has agreed to pay a record $18.7 billion to settle the federal and state claims against it for its role in the Deepwater Horizon oil spill, sidestepping years of litigation with a promise to pour funds for nearly two decades into efforts to repair vast environmental damage in the Gulf region.