Tag: BP

BP CFO: $70 oil would threaten Big Oil projects

The Big Oil industry’s prized projects won’t face major cuts unless oil prices fall below $70 a barrel, BP’s chief financial officer told investors on Tuesday.  More »

Key testimony in BP oil spill ruling wasn’t excluded, DOJ says

That evidence played prominently in the judge’s finding that BP, owner of the Macondo well, was grossly negligent, a ruling that raises the stakes for the oil major  More »

Chevron, BP make oil discovery in Gulf of Mexico

Chevron and BP report an oil discovery in one of the deepest regions the industry has taken on in the Gulf of Mexico.  More »

BP, GDF Suez discover new field in UK North Sea

The UK North Sea is an area that BP CEO Bob Dudley said last month “is now mature,” and that investment opportunities “are smaller and more challenging to develop than in the past.”  More »

Oil firms reach for subsea standards to cut costs, FMC CEO says

The next generation of tools designed to help energy companies process oil and gas deep under the oceans could follow uniform industry designs, FMC Technologies CEO John Gremp said.  More »

Supreme Court denies Louisiana lawsuits against BP

The Supreme Court rejected an appeal Monday from 11 Louisiana parishes that wanted to revive their lawsuits over wildlife damage from the BP oil spill in the Gulf of Mexico in 2010.  More »

Oil spill claims boss rebuts BP’s bid to remove him

The Louisiana lawyer in charge of dispensing BP’s oil spill settlement responded to the company’s request to remove him from the post, saying BP knew when he was appointed that he previously had represented the state in spill claims.  More »

BP: $256 billion lawsuit against it should stay dead

BP says a recently unearthed government report has no bearing on whether a judge should retry a $256 billion lawsuit over safety compliance issues at one of its deep-water production platforms in the Gulf of Mexico.  More »

Ethanol companies raided in EU benchmarks antitrust case

The European Union rekindled a probe into possible rigging of fuel-price benchmarks, raiding ethanol companies in the bloc 17 months after officials inspected three oil producers and industry publisher Platts.  More »

BP has “buyer’s remorse” over spill deal, opponents tell Supreme Court

BP wants the Supreme Court to review a multibillion-dollar settlement relating to the 2010 Gulf of Mexico oil spill because the company now regrets making the deal, plaintiff’s lawyers say in asking the high court to reject BP’s motion.  More »

Spill claims boss says he’s closely following BP settlement rules

The Louisiana claims administrator that BP says is too loose with its oil spill settlement money has struck back.  More »

Drones could be used on North Dakota oil fields

While the commercial use of drones is largely banned, the Federal Aviation Administration allowed oil giant ConocoPhillips to use unmanned aircraft systems in Alaska’s Prudhoe Bay oil field last year and granted a similar permission to BP there in June.  More »
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