Gulf Of Mexico
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Tuesday 13 December 2011
Carl-Henric Svanberg's days as BP chairman could be numbered,analysts warned, after the Swedish businessman agreed to add to his busy assortment of appointments the same job at Volvo.
Tuesday 06 December 2011
BP is accusing Halliburton of destroying damaging evidence about the quality of its cement that went into the Deepwater Horizon well that exploded, killing 11 people and causing America's worst offshore oil spill.
Thursday 01 December 2011
BP could be forced to pay higher penalties over the 2006 Prudhoe Bay oil spill, the worst onshore pipeline leak in Alaska's history, depending on the outcome of a trial under way in Anchorage.
Monday 07 November 2011
Thursday 27 October 2011
US offshore regulators have approved BP's first drilling permit for an exploration well since it was hit by the Deepwater Horizon oil spill in last year.
Wednesday 26 October 2011
Outlook So Bob Dudley, BP's American chief executive, thinks the business has reached "a definite turning point". Is he right? The good news has hardly been gushing forth from the group's wells, but there has been a drip, drip of better tidings. Yesterday seemed a case in point. Third-quarter profits, for example, were (a bit) better than the City had expected. Production hit a low point but should pick up from here.
Monday 24 October 2011
The focus is on the giant oil companies this week as BG, BP and Royal Dutch Shell issue third-quarter results. Given the spike over the last year in the price of the black gold, earnings comparisons are likely to be strong across the board, although crude has edged back in the last few months.
Thursday 15 September 2011
Outlook Good news has been in shortsupply for BP of late, but yesterday's report from a group of US regulators will have given thecompany a boost. It concluded, like several other reports before it, that last year's Deepwater Horizon oil spill disaster was the fault of all of the companies and contractors involved rather than being the sole responsibility of BP (as the hysterical reaction towards the British company from US politicians might have suggested).
Sunday 04 September 2011
Heavy rains from Tropical Storm Lee were falling in southern Louisiana and pelting the US Gulf Coast yesterday as the storm's centre trudged slowly towards land, where businesses were already beginning to suffer on what would normally be a bustling holiday weekend. With floods from the storms of last weekend's Hurricane Irene still evident in New England, Lee could bring up to 20 inches of rain to some areas.
Saturday 03 September 2011
The US oilfields contractor Halliburton is suing BP in the US for "negligent misrepresentation, business disparagement and defamation" related to the Gulf of Mexico oil disaster last year, which killed 11 people and caused the worst offshore spill in US history.
Wednesday 31 August 2011
Outlook BP could not have expected Rosneft to wait forever. Still, it is always painful to see one's former partner stepping out with someone else, let alone a major rival – and all the more so given that BP and Rosneft were just about to exchange vows before a troublesome member of the audience announced it certainly did know of a lawful impediment to the wedding. Sadly, BP's Russian partners at TNK-BP could not be persuaded to forever hold their peace.
Friday 19 August 2011
The US government and the country's largest oil company are heading for a court showdown over rights to one of the Gulf of Mexico's largest oil finds. ExxonMobil had taken three leases on drilling rights to an oil field worth tens of billions of dollars, but the leases expired in 2008 and the government unexpectedly refused to renew them.
Friday 12 August 2011
Last year when the BP drilling rig Deepwater Horizon exploded in the Gulf of Mexico, the resulting oil leak hit headlines around the world for a short while, but for local residents its effects are still being felt.
Monday 08 August 2011
American endurance swimmer Diana Nyad has begun her attempt to become the first person to swim the shark-filled Florida Straits without the aid of a safety cage.
Monday 08 August 2011
Undeterred by the prospect of hungry sharks, hurricane-season storms, and the dysfunctional state of diplomatic relations between the US and Cuba, a 61-year-old woman was paddling through calm seas today as she attempted to become the first person to swim unaided across the Straits of Florida.
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