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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Saturday 26 March 2011
Russia's Rosneft vowed to push ahead with a strategic alliance with BP, despite a block on the deal by the British oil company's partners in joint venture.
Saturday 05 March 2011
The TNK-BP board voted yesterday to postpone a decision on the proposal that it should buy into BP's $10bn (£6.2bn) share-swap with Russian rival Rosneft.
Thursday 03 March 2011
TNK-BP is proposing to act as a middleman in BP's $10bn (£6.1bn) share-swap deal with Russian rival Rosneft, but the British oil major does not support the plan.
Saturday 26 February 2011
Four Russian oligarchs, a former German Chancellor and assorted other TNK-BP board members and executives sat twiddling their thumbs in a meeting room in Berlin yesterday after the BP-nominated representatives failed to turn up.
Friday 18 February 2011
The management of BP's Russian joint venture, TNK-BP, is to recommend today that the company push for a role in the UK energy giant's tie-up with Russian rival Rosneft.
Saturday 05 February 2011
Rosneft yesterday denied it is considering a takeover of the Russian half of the TNK-BP joint venture, as the state-owned oil group reported a 64 per cent jump in profits last year.
Wednesday 02 February 2011
Outlook The twists and turns of the BP story should have stopped surprising us long ago, so numerous and remarkable have they been, but there was an obvious irony in yesterday's successful application by a set of Russian oil barons to delay BP's deal with their biggest domestic rival.
Sunday 30 January 2011
BP is expected to reinstate a dividend payment to shareholders this week as the oil and gas giant marks its recovery from the Gulf of Mexico disaster.
Friday 07 January 2011
Outlook Phew. That might sound a peculiar reaction to the damning Presidential Commission report into the Deepwater Horizon spill, but it's a fair summary of BP investors' response. After the report was published overnight, BP's shares opened up yesterday morning and stayed up for most of the day.
Thursday 06 January 2011
BP and its partners made a series of cost-cutting decisions that ultimately contributed to the oil spill that ravaged the Gulf of Mexico over the summer, the White House commission into the disaster said yesterday. In its final report on the causes of the largest offshore spill in US history, the commission said BP and its collaborators had lacked a system to ensure their actions were safe.
Wednesday 03 November 2010
Tuesday 02 November 2010
Oil giant BP announced a return to profit today despite a further hit of 7.7 billion US dollars (£4.8 billion) from the Gulf of Mexico disaster.
Tuesday 26 October 2010
The chief executive of BP, Bob Dudley, yesterday reaffirmed the beleaguered oil giant's commitment to America in the aftermath of the Gulf of Mexico oil disaster. "I did not become chief executive of BP in order to walk away from the US," he told a business conference London.
Saturday 02 October 2010
BP has signed over six key Gulf of Mexico oil and gas assets as collateral for the $20bn (£12.6bn) compensation fund set up for victims of the Deepwater Horizon disaster, the oil giant revealed yesterday.
Wednesday 29 September 2010
BP's incoming chief executive took the first steps in rebuilding shattered confidence in the group today as he announced plans for a new safety division with "sweeping powers".
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