Tag: BP

Attorneys: BP not entitled to get Gulf settlement payments back

Plaintiff attorneys say BP has no right to recover any alleged overpayments made through the multibillion-dollar Gulf oil spill settlement it reached two years ago to repair the coastal economy.  More »

Judge OKs BP’s subpoena of fed documents for now

A federal judge is allowing BP to negotiate the scope of a massive subpoena aimed at gathering government documents related to the Gulf of Mexico deep-water drilling moratorium.  More »

Most majors keep investments in lower risk countries, report says

Major oil and gas companies have continued to base the majority of production in low-risk countries, with a handful of exceptions, according to a new analysis.  More »

Gulf oil field names follow quirky, creative system

As drilling activity has increased in the Gulf of Mexico over the decades, geologists have had to push the envelope and develop even more distinct labels for their finds  More »

Exxon drilling Russian Arctic shows oil sanctions lack bite

After more than two years’ planning Exxon and its partner OAO Rosneft, Russia’s state oil producer, will start drilling the Universitetskaya prospect tomorrow, the Kremlin said in a statement Friday.  More »

Companies at work on blowout preventers for deeper depths

GE Oil & Gas and others are working to create blowout preventers that can work at deeper depths and higher pressures.  More »

BP appeals to Supreme Court on spill settlement

BP wants the U.S. Supreme Court to intervene in a months-long battle over who can get paid for oil spill damages.  More »

Tesoro reports slight drop in earnings

The company’s net income fell to $224 million, or $1.70 a share, compared with $227 million, or $1.64 a share, for the second quarter of 2013.  More »

Feds: BP can’t dismiss lawsuits by blaming drilling moratorium

The Justice Department has joined a fight against BP’s efforts at dismissing lawsuits by deep-water drillers and oil-field service firms alleging damages from the 2010 Gulf of Mexico oil spill.  More »

BP profits jump on Rosneft stake

BP’s profits jumped 65 percent in the first quarter on a surge in Rosneft earnings, even as its global oil production and refining businesses declined, the company reported Tuesday.  More »

BP asks Texas judge to dismiss UK suits

Attorneys for BP asked a federal judge on Friday to dismiss UK investors seeking damages in Texas for the Deepwater Horizon disaster.  More »

BP likely to be unscratched by Rosneft sanctions, analysts say

Investors wiped out as much as $4.4 billion from BP’s market value Thursday after a new round of U.S. sanctions on Russia was announced, but it’s not clear the sanctions will impact the company at all.  More »
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