Second phase of trial opens with claims of negligence and lack of preparation
Gulf Of Mexico
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Wednesday 13 April 2011
Oil giant BP is facing a wave of protests as it holds its annual general meeting in London days before the first anniversary of the Gulf of Mexico disaster.
Friday 08 April 2011
BP's £10 billion share-swap with Russian government-owned Rosneft was dealt another blow today after a tribunal blocked the deal until further notice.
Tuesday 05 April 2011
BP remained locked in confrontation with its Russian partners last night as the tribunal tasked with ruling on the oil giant's share-swap plans was forced into a second day.
Monday 04 April 2011
Monday 04 April 2011
BP has been given permission to restart deep drilling in the Gulf of Mexico, one year after the Deepwater Horizon explosion killed 11 workers and caused the worst oil spill in history. The group plants to drill 10 existing wells from this summer, following a deal with US regulators to continue work halted by a moratorium imposed after 200 million gallons of oil were leaked into the Gulf.
Thursday 31 March 2011
Lloyd's of London warned yesterday that the market faced another hard year after a series of major disasters almost halved its profits in 2010 before this year's earthquakes in Japan and New Zealand.
Friday 25 March 2011
BP's controversial $16bn share swap and arctic exploration deal with Russia's Rosneft was thrown into disarray last night, with an independent arbitration panel ruling it could not go ahead. The ruling dealt a potentially fatal blow to BP's most ambitious attempt to move beyond the crisis of its Gulf of Mexico oil spill last year.
Wednesday 09 March 2011
Have the world's oil companies learned nothing from the Deepwater Horizon spill which poured 200 million gallons of crude oil into the Gulf of Mexico for three months last year? It seems not. The petroleum giant Shell has now applied to start exploration drilling just off Ningaloo Reef, one of Western Australia's most treasured marine-life nature reserves. It is famous for its whale sharks and one of the most bio-diverse coral reef systems in the planet's oceans.
Friday 04 March 2011
Two senior directors at BP will still be paid bonuses for 2010, despite the Deepwater Horizon explosion in April which killed 11 people and resulted in the worst oil spill in US history.
Tuesday 22 February 2011
BP, the oil giant that was deeply wounded by the devastating Gulf of Mexico oil spill, has followed up on its recently announced foray into Russia's Arctic region by unveiling a $7.2bn deal to explore for deepwater oil and gas with India's Reliance Industries.
Wednesday 16 February 2011
- 1 Is this the scariest advert ever? Japanese tyre commercial comes with its own disclaimer and health warning
- 2 A forgotten episode in Russian history leaves links with the Philippines
- 3 Scientists sequence oldest human DNA from fossilised leg bone found in Spain
- 4 ‘Put it in my mouth’: Viewers outraged by apparent reference to oral sex in VIP e-cig advert
- 5 Joanna Lumley’s garden bridge over the Thames gets £30m seal of approval from Government