Tag: BP

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 »

Valero remains top U.S. refiner

San Antonio-based Valero Energy Corp. remains the largest U.S. refiner, with a daily capacity of more than 1.9 million barrels, according to a recent report from the U.S. Energy Information Administration.  More »

Drillers: BP can’t escape liabilities by blaming feds for moratorium

Plaintiffs’ attorneys say BP can’t dismiss lawsuits from drillers and oil-field service companies by arguing it was the federal government’s fault they lost money during the Gulf of Mexico drilling moratorium in 2010.  More »

BP to sell Panhandle gas fields to Pantera for $390M

A BP spokesman said Monday the company has struck a deal to sell off rights to a chunk of its natural gas-rich property in the Texas Panhandle for $390 million.  More »

Ex-BP exec can be tried for obstructing Congress

A federal appeals court in New Orleans says a former BP executive can be tried on a charge that he obstructed a Congressional investigation into the 2010 Gulf oil spill.  More »

BP seeks return of millions in oil spill damage payments

BP want back millions of dollars in oil spill claims payments it says were “erroneous.”  More »

US shale boom offsetting oil lost in Middle East unrest

Without the surge in U.S. crude production, markets would have demanded higher prices, the U.S. would likely have released oil reserves from its strategic stocks, and high prices would have threatened the nation’s economic recovery, says economist Mark Finley.  More »

GE to design, build new generation of blowout preventers

Danish rig contractor Maersk Drilling is turning to GE engineers in Houston to build a new generation of deep-water blowout preventers designed to handle the highest reservoir pressures the industry has ever tackled.  More »

Five things to know about how Iraq’s turmoil affects oil markets

Sarah Haggas, an expert on the Middle East region for the energy team at consulting firm IHS, explains what you need to know about how turmoil in Iraq by militant group ISIS is affecting the energy sector.  More »

Report: Two major oil companies evacuating Iraq

ExxonMobil officials are not commenting on reports that the company has evacuated from Iraq amid growing instability brought on by militants.  More »

Feds want time to decide on retrial for former BP engineer

Prosecutors said Tuesday that deciding whether to appeal Duval’s order will take time and will require involvement of top Justice Department officials.  More »

BP wins first Defense deal since feds lifted contract ban

BP has secured its first contract with the government’s military arm since the Obama Administration lifted the debarment from federal contracts in March.  More »
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