BP Plc asked a U.S. appeals court to undo payments to some victims of the 2010 Gulf of Mexico oil spill in a move opposing lawyers said might open the floodgates to hundreds of thousands of individual damage-claim awards.
The numbers of Shrimps in the waters off the Gulf of Mexico was found to have increased after the 2010 BP Deepwater Horizon oil spill, according to new research. Scientists at George Mason University in Virginia found the numbers of brown and white shrimp actually rose following the disaster.
BP Plc asked the US judge in charge of thousands of oil-spill damage lawsuits to review a ruling that exposes the company to as much as $18billion in fines, saying it was based on evidence he said he wouldn’t consider.
Dutch-firm Fugro GEOS has been awarded a contract by oil giant BP for the provision of wellhead and riser monitoring services. The contact will support BP drilling activities for the Quad 204 redevelopment of the Schiehallion field west of Shetland.
A BP Plc-led group broke ground on a project to pipe natural gas from Phase 2 of the Shah Deniz project in Azerbaijan to Italy, offering the European Union an alternative to Russian supplies.
The Supreme Court in Texas may soon decide whether a “missing comma” will give BP access to Transocean’s’ $750m insurance in relation to Macondo. The Macondo blowout and the explosion that followed killed 11 workers and set off the worst offshore oil spill in US history.
Subsea engineering and training firm Jee has been awarded a three-year contract renewal from BP with potential value in excess of £4.5million.
BP Plc, which already has paid more than $28billion for the 2010 Gulf of Mexico oil spill, seeks to get a $750million chunk of that back by convincing a Texas court that a missing comma may give the oil company access to Transocean Ltd.’s insurance policies on the Deepwater Horizon.
Political has-been Jim Sillars’ weekend remarks about nationalising BP should Scotland become independent verge on plain stupidity.
Independent oil and gas explorer Hurricane Energy has announced that its Lancaster well West of Shetland could flow twice as much oil as previously expected.
The FTSE 100 Index was in positive territory today after the latest opinion poll on the Scottish referendum showed a lead for the No campaign.
A former SNP deputy leader has claimed there will be a "day of reckoning" for major employers such as BP after a Yes vote.
BP’s chief executive Bob Dudley has supported Sir Ian Wood’s call for realism in the Scottish Independence debate.
Oil giant BP’s appeal against a potential £11billion fine over the Gulf of Mexico disaster could stretch on for years, a note to investors has claimed.
Technip has been has landed an Engineering Procurement Installation Construction (EPIC) contract for the Juniper field offshore Trinidad. The company was awarded the lump some contract, thought to range somewhere between EUR250 and 500million, by BP Trinidad and Tobago.
UK stocks declined for a third day, their longest streak of losses in a month, as oil companies led the benchmark FTSE 100 Index lower. Royal Dutch Shell Plc’s Class B shares, which have a UK source for tax purposes, slid 1.6%. BP Plc retreated 1%. Wm Morrison Supermarkets Plc gained 2.9% as Citigroup Inc. recommended buying the stock. Quindell Plc gained 5.6% after saying a court ruled in its favour in libel proceedings against short seller Gotham City Research LLC.
Falling fortunes at BP and Shell could force the two oil and gas giants into a “mega-merger” within a couple of years, some City analysts believe.
BP Plc got support from the UK government in its U.S. court fight over the level of compensation required under a settlement of lawsuits stemming from the 2010 Gulf of Mexico oil spill. The UK told US Supreme Court judges in a filing that decisions to authorize payments to people who were not injured by the spill raises “grave international comity concerns by undermining confidence in the vigorous and fair resolution of disputes.” The filing shows the government’s interest in the treatment of one of the country’s most prominent companies.
An offshore worker who died while working on a North Sea platform has been named by police.
The FTSE 100 Index’s first foray above the 6900 barrier in 14 years proved short-lived amid a disappointing session for European markets today.
A US judge’s watershed ruling means the final cost to BP for the 2010 Gulf oil spill may eclipse $50 billion, wiping out years of profits and highlighting the risks of drilling as the industry pushes into more dangerous areas such as deeper waters and ice-bound Arctic fields.
More than £5billion was wiped off the stock market value of oil giant BP yesterday after a judge ruled that the oil giant was “grossly negligent” in the run-up to the Gulf of Mexico disaster.
BP asked a US court to fire the lawyer tasked with paying out compensation to people affected by the 2010 Gulf of Mexico oil spill, saying he had not disclosed an alleged conflict of interest before taking the job.
OAO Rosneft’s Russian oil output has declined to the lowest level since the acquisition of TNK-BP made it the world’s largest traded oil producer last year.
A fire broke out after an explosion at a BP refinery in Indiana, which rattled nearby homes.