A panel of the 5th US Circuit Court of Appeals has affirmed a federal judge's approval of a multi-billion dollar settlement between BP Plc and businesses and individuals who lost money and property in the 2010 Gulf of Mexico oil spill.
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Friday 22 March 2013
Shares in BP leapt today after the FTSE 100 oil giant unveiled plans to return $8bn (£5.3bn) to investors, a day after completing the sale of its troubled TNK-BP Russian joint venture.
Thursday 14 March 2013
Russian oligarchs who ran the oil group TNK-BP with BP have sounded out two former chief executives from the UK oil giant about investing jointly in international oil projects.
Tuesday 26 February 2013
BP failed to apply its own safety and risk management system to the Deepwater Horizon oil rig, which exploded in the Gulf of Mexico, in what was a "tragic" and "egregious" oversight, the first witness in a long-awaited civil trial over the 2010 oil spill said.
Monday 25 February 2013
As oil company finally comes to trial over rig disaster, $16bn settlement talks are intensifying
Tuesday 05 February 2013
The scale of BP's potential legal bill for the Gulf of Mexico oil spill has soared after the company disclosed $34bn (£22bn) of new claims by four southern US states.
Saturday 26 January 2013
In Amenas siege may have far-reaching repercussions for a gas-reliant economy
Tuesday 22 January 2013
Perhaps traders really do believe the adage that if you say something enough times it will come true. Perennial bid target, oil and gas specialist BG Group, was back on the lips of fast-talking traders today. Dealers insisted the rumour could come true this time and the shares spurted to the top of the benchmark index, 25.5p better at 1,145p today.
'A very serious and dangerous situation': David Cameron chairs emergency meeting on Algerian hostage crisis
Thursday 17 January 2013
David Cameron chaired an emergency meeting today on the Algerian hostage crisis which Downing Street described as a “very serious and dangerous situation”.
Wednesday 16 January 2013
Islamist militants were holding up to 41 Western gas engineers at a remote BP site in Algeria today, deepening fears that the conflict in Mali could unleash an anti-Western war across the deserts of northern Africa.
Wednesday 26 December 2012
Like his tough protagonist, Dave Robicheaux, James Lee Burke is a man of passionate temper. His contemptuous anger over the lacklustre response of George W Bush to the devastation of Burke’s beloved New Orleans by Hurricane Katrina was incorporated into his writing. That rage is back again.
Wednesday 12 December 2012
Outlook First it was the banks, now it's the buses. Stagecoach is the latest British company to fall foul of American regulators.
Thursday 29 November 2012
The recent run of good fortune for BP ended yesterday as the US government accused it of showing "a lack of business integrity" over the Gulf of Mexico oil spill and temporarily banned it from pitching for new federal contracts.
Thursday 29 November 2012
Oil giant is punished for its 'lack of business integrity' over the Gulf of Mexico oil disaster in 2010
Saturday 17 November 2012
The National Fish and Wildlife Foundation has operated on a modest budget in relative obscurity for nearly three decades. Then it won the lottery.
Friday 16 November 2012
Officials in the Gulf of Mexico are investigating an explosion and a fire that broke out aboard an offshore oil platform near Grand Isle, Louisiana.
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