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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Tuesday 24 May 2011
Norway's oil-safety watchdog criticised Shell yesterday for an oil-well incident it said had the potential for a major accident and could have caused a leak.
Friday 20 May 2011
BP today clawed back 1.1 billion US dollars (£677 million) from one of its partners on the Deepwater Horizon rig to cover claims related to the Gulf of Mexico oil disaster.
Wednesday 18 May 2011
The collapse of BP's deal to explore the Arctic sea for oil is deeply humiliating for the giant oil corporation. It was only in January that BP, with a great fanfare, announced the deal with Rosneft, the Kremlin-backed Russian oil company. The tie-up was supposed to rebuild BP's reputation after the disaster of the Deepwater Horizon explosion in the Gulf of Mexico last year which has cost the company $41bn so far. That much-vaunted strategy is now in tatters.
Sunday 15 May 2011
Friday 13 May 2011
Wednesday 04 May 2011
BP has agreed to pay a $25m (£15m) civil penalty plus interest to settle a federal investigation into a 2006 pipeline oil spill on Alaska's North Slope, according to court papers filed yesterday.
Thursday 28 April 2011
BP hopes to resume drilling in the Gulf of Mexico later this year it emerged yesterday, as the company revealed that last year's devastating spill continues to drag on profits.
Friday 22 April 2011
Tuesday 19 April 2011
Monday 18 April 2011
Payouts by UK companies soared to £15bn in the first three months of the year, rising by 10.3 per cent compared to the first quarter of 2010. It was the fastest quarterly growth rate since the third quarter of 2008.
Sunday 17 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
Monday 11 April 2011
It has been called the biggest company you've never heard of, and this highly secretive business is about to make its partners some of the richest people on the planet.
Saturday 09 April 2011
Richard Dawkins on babies with Down Syndrome: 'Abort it and try again – it would be immoral to bring it into the world'
Scottish independence: English people overwhelmingly want Scotland to stay in the UK
Isis threat: Cameron wants an alliance with Iran
Michael Brown shooting: Chaos erupts on the streets of Ferguson after autopsy shows teenager was shot six times – twice in the head
Bin bag full of cats' heads discovered near Manchester's Curry Mile
Disgusting, frustrating, but intriguing: how the country really feels about its politicians
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