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Oil Major BP Misses Quarterly Profit Expectations, Cuts Investment Again
British oil major BP reported a lower than expected profit for the second quarter due to weak refining margins and oil prices, prompting another cut to its 2016 investment budget to below $17 billion.
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Amazing New Video Shows Deepwater Shipwrecks Corroded By BP Oil Spill
The Deepwater Horizon disaster of 2010 taught us a lot about deep water - foremost about the engineering challenges in plugging a blown-out well a mile below the sea's surface. Everything's different down there. Chemistry is different at those pressures, where it's completely dark. But, as we reported early on, there's still life down there - exoti...
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US Announces $20 Billion Resolution With BP Over 2010 Oil Spill
The United States on Monday announced a more than $20 billion settlement of federal and state claims against BP PLC over its deadly Gulf of Mexico oil spill five years ago.
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BP Misses Q2 Profit Forecast on Spill Charge
BP's second-quarter profits missed expectations on Tuesday after the British oil and gas company took a $9.8 billion pretax charge related to a settlement of the 2010 Gulf of Mexico spill.
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BP to Pay $18.7 Billion for Deepwater Horizon Oil Spill
An $18.7 billion settlement announced Thursday of all federal, state and local claims against the oil giant BP arising from the 2010 Gulf of Mexico oil spill would be the largest environmental settlement.
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BP Reaches $18.7 Billion Settlement over Deadly 2010 Spill
The agreement adds to the $43.8 billion that BP had previously set aside for criminal and civil penalties and cleanup costs.
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BP Wins Right to Appeal Some Gulf Spill Damages Claims
A US federal appeals court said on Friday that BP Plc deserves the right to appellate review of some damage claims awarded to people and businesses in connection with the 2010 Gulf of Mexico oil spill.
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BP Off Hook for Several Billion Dollars in Oil Spill Fines
A US judge said Thursday energy giant BP faces a maximum fine of $13.7 billion for the 2010 Gulf of Mexico oil spill, a sum reduced by several billion dollars.
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BP 'Grossly Negligent' in 2010 US Spill, Fines Could be $18 Billion
A U.S. judge has decided that BP Plc was "grossly negligent" and "reckless" in the Gulf of Mexico oil spill four years ago, a ruling that could add nearly $18 billion in fines to more than $42 billion in charges the company took for the worst offshore environmental disaster in U.S. history.
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2010 Gulf of Mexico Oil Spill: 'BP Was Grossly Negligent'
A US judge Thursday ruled the massive 2010 Gulf of Mexico oil spill was the result of BP's "gross negligence," potentially subjecting the oil giant to billions in additional penalties.
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US Appeals Court Rejects BP Bid to Undo Ruling in Oil Spill Case
The 5th US Circuit Court of Appeals in March voted 2-1 to authorize payments on so-called business economic loss claims, and said an injunction preventing payments should be lifted. BP asked the entire 5th Circuit to rehear the case.
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US ends contract ban on BP after Deep Water Horizon
The United States announced on Thursday an end to its ban on BP obtaining government contracts following the 2010 Deepwater Horizon disaster, the worst oil spill in US history.
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US court rejects BP appeal over Gulf spill losses
Monday's decision is a setback for BP's effort to limit payments over the April 20, 2010, explosion of the Deepwater Horizon drilling rig and rupture of BP's Macondo oil well.
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US court rejects BP appeal over Gulf spill losses
A divided US appeals court on Monday rejected BP Plc's bid to block businesses from recovering money over the 2010 Gulf of Mexico oil spill, even if they could not trace their economic losses to the disaster.
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Three years after Gulf spill, BP fights billions in fines
Three years after a deadly explosion on a BP-leased drilling rig unleashed the worst environmental disaster in US history, the British energy giant is fighting to avoid billions in fines.
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Oil Major BP Misses Quarterly Profit Expectations, Cuts Investment Again
British oil major BP reported a lower than expected profit for the second quarter due to weak refining margins and oil prices, prompting another cut to its 2016 investment budget to below $17 billion.
-
Amazing New Video Shows Deepwater Shipwrecks Corroded By BP Oil Spill
The Deepwater Horizon disaster of 2010 taught us a lot about deep water - foremost about the engineering challenges in plugging a blown-out well a mile below the sea's surface. Everything's different down there. Chemistry is different at those pressures, where it's completely dark. But, as we reported early on, there's still life down there - exoti...
-
US Announces $20 Billion Resolution With BP Over 2010 Oil Spill
The United States on Monday announced a more than $20 billion settlement of federal and state claims against BP PLC over its deadly Gulf of Mexico oil spill five years ago.
-
BP Misses Q2 Profit Forecast on Spill Charge
BP's second-quarter profits missed expectations on Tuesday after the British oil and gas company took a $9.8 billion pretax charge related to a settlement of the 2010 Gulf of Mexico spill.
-
BP to Pay $18.7 Billion for Deepwater Horizon Oil Spill
An $18.7 billion settlement announced Thursday of all federal, state and local claims against the oil giant BP arising from the 2010 Gulf of Mexico oil spill would be the largest environmental settlement.
-
BP Reaches $18.7 Billion Settlement over Deadly 2010 Spill
The agreement adds to the $43.8 billion that BP had previously set aside for criminal and civil penalties and cleanup costs.
-
BP Wins Right to Appeal Some Gulf Spill Damages Claims
A US federal appeals court said on Friday that BP Plc deserves the right to appellate review of some damage claims awarded to people and businesses in connection with the 2010 Gulf of Mexico oil spill.
-
BP Off Hook for Several Billion Dollars in Oil Spill Fines
A US judge said Thursday energy giant BP faces a maximum fine of $13.7 billion for the 2010 Gulf of Mexico oil spill, a sum reduced by several billion dollars.
-
BP 'Grossly Negligent' in 2010 US Spill, Fines Could be $18 Billion
A U.S. judge has decided that BP Plc was "grossly negligent" and "reckless" in the Gulf of Mexico oil spill four years ago, a ruling that could add nearly $18 billion in fines to more than $42 billion in charges the company took for the worst offshore environmental disaster in U.S. history.
-
2010 Gulf of Mexico Oil Spill: 'BP Was Grossly Negligent'
A US judge Thursday ruled the massive 2010 Gulf of Mexico oil spill was the result of BP's "gross negligence," potentially subjecting the oil giant to billions in additional penalties.
-
US Appeals Court Rejects BP Bid to Undo Ruling in Oil Spill Case
The 5th US Circuit Court of Appeals in March voted 2-1 to authorize payments on so-called business economic loss claims, and said an injunction preventing payments should be lifted. BP asked the entire 5th Circuit to rehear the case.
-
US ends contract ban on BP after Deep Water Horizon
The United States announced on Thursday an end to its ban on BP obtaining government contracts following the 2010 Deepwater Horizon disaster, the worst oil spill in US history.
-
US court rejects BP appeal over Gulf spill losses
Monday's decision is a setback for BP's effort to limit payments over the April 20, 2010, explosion of the Deepwater Horizon drilling rig and rupture of BP's Macondo oil well.
-
US court rejects BP appeal over Gulf spill losses
A divided US appeals court on Monday rejected BP Plc's bid to block businesses from recovering money over the 2010 Gulf of Mexico oil spill, even if they could not trace their economic losses to the disaster.
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Three years after Gulf spill, BP fights billions in fines
Three years after a deadly explosion on a BP-leased drilling rig unleashed the worst environmental disaster in US history, the British energy giant is fighting to avoid billions in fines.
