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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Thursday 11 August 2011
BP faces yet more vexation from its Russian activities after minority shareholders in its TNK-BP joint venture launched an 87 billion-rouble (£1.8bn) damages claim yesterday.
Wednesday 10 August 2011
Outlook It is now three months since BP was forced to give up its deal with the oil giant Rosneft amid a seemingly intractable legal dispute with its existing Russian partner TNK-BP – or, more specifically, with AAR, which owns 50 per cent of that operation.
Wednesday 10 August 2011
The tussle between BP and its partners in TNK-BP took yet another twist yesterday as the oil giant filed a case accusing the Renova Group of breaching the Russian joint venture's shareholder agreement.
Friday 22 July 2011
BP's oligarch co-owners in the Russian joint venture TNK-BP have restarted proceedings aimed at securing a ruling that BP broke their shareholders' agreement – a ruling that could make BP liable for billions of dollars in damages.
Tuesday 19 July 2011
BP has reported another pipe- line leak at its Alaskan oilfields, frustrating the oil giant's attempts to rebuild its reputation after the Gulf of Mexico oil spill.
Saturday 16 July 2011
BP has written to the US regulator setting out new deepwater drilling standards based on lessons learned from last year's fatal Deepwater Horizon disaster
Wednesday 22 June 2011
The owner of the rig that exploded in the Gulf of Mexico last year has largely blamed oil giant BP for the disaster.
Thursday 02 June 2011
Premier Oil is considering buying BP's 68 per cent stake in the Wytch Farm oil field in Dorset.
Thursday 19 May 2011
Rosneft, the Russian state oil giant which walked away from an Arctic exploration pact with BP earlier this week, has received new proposals from the UK group. "These proposals make it possible to discuss our co-operation outside the agreements which have already expired," Rosneft said.
Wednesday 18 May 2011
Outlook There are two ways to look at the latest misfortune to befall BP's alliance with Rosneft. One is to say that Bob Dudley, chief executive of BP since the autumn, is making a pig's ear of his first six months in the job. The other is to reflect on where BP might be 10 years from now if, in the end, it can snatch victory from the jaws of defeat in Russia. And for the time being, it's not possible to say which of these alternatives ought to be the prevailing view.
Tuesday 17 May 2011
BP's hopes of making the Arctic a key part of its recovery plan were dealt a major blow today by the failure of a share swap and exploration deal with Russian oil group Rosneft.
Friday 22 April 2011
Friday 15 April 2011
BP secured a last-minute extension to its $10bn (£6bn) tie-up with Rosneft yesterday, as the oil giant faced down environmental protesters and shareholder rebellion at its annual general meeting.
Thursday 14 April 2011
Outlook Bob Dudley and Carl-Henric Svanberg will no doubt cope with running the gauntlet of protesters at BP's annual general meeting today. Mr Dudley, a career oil man, knows this sort of ordeal comes with the territory, even if last year's Gulf of Mexico spill has ramped up the outrage factor, while Mr Svanberg got plenty of practice coping with demonstrations during the height of that scandal last year. Leaving aside the demonstrators' concerns, however, both men deserve a rough ride from their shareholders too.
Tuesday 29 March 2011
Scottish independence referendum: A nation divided against itself
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
Archbishop of Canterbury admits doubts about existence of God
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
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