Tag: BP

BP sells UK natural gas midstream assets

BP will raise $486 million selling its stake in a natural-gas transportation system in the U.K. North Sea.  More »

Video: Ocean researchers show what BP spill site looks like five years later

Five years after the Deepwater Horizon oil rig sank into the Gulf of Mexico, scientists with an ocean research and exploration group released video of what the underwater site of one of the worst oil spills in history looks like today.  More »

CERAWeek: BP CEO says don’t expect wave of energy mergers yet

BP CEO Bob Dudley says he doubts there will be a surge of corporate consolidation in the energy industry – effectively a repeat of the mega deals in late-1990s bust that created mammoth oil firms – unless oil prices stay low for long.  More »

5 years after BP spill, drillers push into riskier depths

ON THE GULF OF MEXICO — Five years after the nation’s worst offshore oil spill, the industry is working on drilling even further into the risky depths beneath the Gulf of Mexico to tap massive deposits once thought unreachable. Opening this new frontier, miles below the bottom of the Gulf, requires engineering feats far beyond […]  More »

AP: Offshore wells buried during Hurricane Ivan have been leaking oil into the Gulf since 2004

An Associated Press investigation has revealed evidence that the spill is far worse than what the company behind the leak has publicly reported.  More »

BP says paying a fraction of oil spill bill could put its U.S. unit in trouble

Fines for the 2010 Deepwater Horizon disaster could reach as high as $13.7 billion against BP.  More »

How Europe’s oil companies are profiting from the slump

Although better known for their oil fields, refineries, and petrol stations, BP Plc, Royal Dutch Shell Plc and Total SA are also the world’s biggest oil traders.  More »

Balkan states seek gas partnership that may cut Russian reliance

Balkan nations on the Adriatic sea plan to build a new gas pipeline and connect their networks in a move that may help reduce Europe’s dependence on energy imports from Russia.  More »

BP discovers second big natural gas reservoir in Egypt

The British oil giant’s new gas discovery contains more than 5 trillion cubic feet of natural gas equivalent.  More »

BP makes peace with oil spill claims boss

The British oil giant said Friday it is withdrawing an appeal of its request for a federal judge to fire Patrick Juneau, the claims administrator of BP’s settlement program, which has paid more than $4 billion to thousands of Gulf Coast businesses and residents who have claimed financial losses after the 2010 Deepwater Horizon disaster.  More »

BP signs $12B deal to develop Egypt gas field

BP said in a statement Friday that the investment is “a vote of confidence in Egypt’s investment climate.”  More »

BP CEO’s pay package jumps 25 percent

BP CEO Bob Dudley’s total take home jumped 25 percent last year, though his annual cash bonus was trimmed by more than half, according to regulatory filings released Tuesday.  More »

Ohio sues BP for more than $33M in cleanup of storage tanks

The state’s attorney general and the Ohio Petroleum Underground Storage Tank Release Compensation Board filed the lawsuit Monday. The board administers a fund used as a last resort when tank owners lack coverage or don’t accept insurance money.  More »

Judge rejects BP appeal on cap for Gulf oil spill liabilities

Barbier said he hasn’t yet determined the actual amount of the civil penalty stemming from the Gulf of Mexico spill, which could run as high as $13.7 billion.  More »

BP, Maersk team up to train rig crews in Houston simulators

BP is announcing Thursday that it has a five-year contract for its offshore rig crews to get practice with drilling equipment in virtual-reality environments at Maersk Training’s new facility in Houston, which will feature high-tech simulators for offshore rig tasks, the companies said Thursday.  More »
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