Tag: BP

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 »

Fitch: Refinery strikes could send gasoline up if they extend into driving season

In a report released Wednesday, Fitch said the strikes haven’t moved markets for refined products like gasoline, diesel and jet fuel so far, largely because inventories haven’t declined much amid a mild winter and refinery maintenance season in January and February.  More »

Strike update: BP training additional replacement workers

The union went on strike against two BP refineries, one in Ohio and another in Indiana, on Feb. 8., a week after the union launched initial walkouts at nine facilities.  More »

Norway rejects call to cut oil taxes as cure for crude crash

Oil companies in the country are preparing to cut investment by 15 percent this year.  More »

Judge tosses coastal damage suit against oil companies

The Southeast Louisiana Flood Protection Authority-East had claimed that coastal drilling and dredging activities contributed to the loss of coastal wetlands.  More »

Shell calls on Big Oil peers to speak up on climate change

While Shell, along with BP Plc, have led the oil industry in acknowledging climate change as a risk, the producers have avoided forums such as the annual United Nations climate talks.  More »

Labor talks to resume Tuesday

The work stoppage at two BP facilities in the Midwest brought the number of plants on strike to 11, after union members walked out of nine facilities, including five in the Houston area, a week earlier.  More »
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