ARTICLES RELATING TO BP

BP seeks US government intervention

2013-05-16 11:00

BP wants Prime Minister David Cameron to intervene with the US government over the costs of compensating firms for the Gulf of Mexico oil disaster, reports BBC.

BP pulls some staff from Libya

2013-05-12 17:58

Oil giant BP has pulled some non-essential overseas staff out of Libya because of concerns about the political situation, following the lead of the US and British embassies.

Petroleum gas war looms

2013-05-05 18:53

Legal challenges are coming thick and fast in the liquid petroleum gas sector, where competitors are allegedly resorting to dirty tricks, a report states.

BP profits beat forecast by $1bn

2013-04-30 10:00

BP profits have outperformed expectations by almost $1bn in the first quarter thanks in part to the high margin nature of new production.

BP fights billions in fines

2013-04-18 11:03

Three years after a deadly explosion on a BP-leased drilling rig, the British energy giant is fighting to avoid billions in fines.

BP to return $8bn to shareholders

2013-03-22 15:01

British energy giant BP says it will return up to $8bn to company shareholders, a day after completing the sale of its stake in a Russian joint-venture.

CEO: Oil workers should have done more

2013-03-20 07:30

Transocean employees should have done more to detect signs of trouble before the company's drilling rig exploded in the Gulf of Mexico in 2010, killing 11 workers.

BP warns of rising costs from oil trial

2013-03-08 22:13

BP has warned investors that the price tag will be higher than initially estimated for its multibillion-dollar settlement with businesses and residents.

BP accused of greed, lax safety

2013-02-26 08:03

The US government has accused BP of letting greed triumph over safety in the opening arguments of a multi-billion dollar trial over the 2010 Gulf of Mexico oil spill.

Showdown in BP oil spill case

2013-02-25 09:26

Billions of dollars will be at stake at the opening of a complex trial to determine how much BP should pay for the devastating 2010 Gulf of Mexico oil spill.

US, BP agree on captured oil after spill

2013-02-20 09:44

BP and the US government have agreed that oil captured during the massive 2010 spill in the Gulf of Mexico can't count toward civil penalties.

BP, Reliance plan $5bn India deal

2013-02-19 18:09

BP and Reliance Industries announced plans to invest over $5bn to reverse a decline in output from India's biggest natural gas reservoir in the Bay of Bengal.

BP fears worst for Algeria hostage missing

2013-01-23 07:52

Britain’s BP says it fears the worst for employees still unaccounted for in the Algerian hostage siege as authorities searched for five missing foreigners and tried to identify seven charred bodies.

US monitoring Algeria hostage situation

2013-01-16 21:02

The White House says it is closely monitoring the situation in Algeria after armed Islamists seized 41 Western hostages including seven Americans in an attack on a gas field.

Judge clears BP's near-$8bn spill payment

2012-12-22 22:05

British oil giant BP has won approval from a US federal judge of a $7.8bn settlement with people and businesses who lost money and property due to the 2010 oil spill in the Gulf of Mexico.

BP to be simpler, oilier as capex rises

2012-12-03 19:58

BP sees a new future for itself as a "simpler" and "oilier" oil and gas company as it raises capital spending in the years to 2014.

US halts oil contracts with BP

2012-11-29 08:16

The Obama administration has put a temporary stop to new federal contracts with British oil company BP, citing the company's "lack of business integrity".

We're on top of fuel issues, Acsa says

2012-11-16 17:35

Acsa says that OR Tambo International Airport is still running as normal as efforts continue to remedy the contamination of seven million litres of jet fuel supplied to the Johannesburg airport.

BP free to sell TNK-BP stake

2012-06-04 14:43

The Russian billionaire co-owners of TNK-BP, the Russian joint venture of oil major BP, are unable to block the sale of the UK firm's stake, sources say.

BP first-quarter profit slides 18%

2012-05-01 12:29

British energy giant BP says that its first quarter net profit slumped 18% due to a large accounting provision and falling output which more than offset higher oil prices.

Sick fish near BP oil spill site

2012-04-20 07:28

Two years after the biggest offshore oil spill in US history, scientists are beginning to suspect that fish in the Gulf of Mexico are suffering the effects of the petroleum.

Velvet Sky proposes rescue plan in court

2012-03-07 10:31

Cash-strapped airline Velvet Sky has outlined a plan for its survival during a court case seeking its liquidation.

BP in $14bn oil spill settlement talks

2012-02-28 10:15

BP and lawyers for individuals and firms claiming damages from the 2010 Gulf of Mexico oil spill are discussing a $14bn settlement, says the Wall Street Journal.

 

EU raids oil majors over price-fixing

2013-05-14 19:40

European authorities have raided the offices of top oil firms Shell, BP and Statoil as part of an investigation into suspected manipulation of oil prices.

BP pulls some staff from Libya

2013-05-12 15:50

Oil giant BP says it has pulled some non-essential overseas staff out of Libya because of concerns about the political situation.

BP hit by wave of new spill lawsuits

2013-04-30 13:58

BP has been hit by more than 2 200 new lawsuits seeking payback for the Gulf of Mexico oil spill as everyone rush to stake their claim before the cut-off date.

BP plans R5bn boost for SA infrastructure

2013-04-23 18:12

BP says it intends to invest more than R5bn in South Africa over the next five years for infrastructure projects, including the transition to cleaner fuels.

BP executive: Safety was top priority

2013-04-10 07:58

A BP executive who oversaw the company's Gulf of Mexico operations testified that he led a push to improve safety two years before the April 2010 rig explosion.

African growth lures trading houses

2013-03-28 18:08

Firms are expanding aggressively in Africa as they look to benefit from a continent achieving some of the highest economic growth rates in the world.

Addax & Oryx buys BP's LPG business

2013-03-20 17:13

Addax & Oryx Group (AOG) said it has agreed to buy BP and Masana Petroleum Solution's liquefied petroleum gas (LPG) distribution business in SA.

Gulf oil spill trial defence starts

2013-03-18 20:37

The defence has started for companies in the Gulf oil spill trial as the plaintiffs' case winds down.

BP official on stand in oil spill trial

2013-02-27 16:43

A BP executive will testify for a second day at a trial over the worst oil spill in the US.

BP comes under fire in oil spill trial

2013-02-25 19:57

The blockbuster BP oil spill trial opened with a scathing attack on the poor safety standards which led to the worst environmental disaster in US history.

Billion dollar BP oil spill trial opens

2013-02-25 07:33

Billions of dollars will be at stake at the opening of a complex trial to determine how much BP should pay for the devastating 2010 Gulf of Mexico oil spill.

BP makes claims about spill barrels

2013-02-19 19:53

BP says the US Department of Justice has backed its claim that oil it recovered at the 2010 spill site should be excluded from certain penalties.

BP's $4.5bn plea deal approved

2013-01-30 15:27

A US judge has approved a $4.5bn deal in which BP pleaded guilty to criminal charges from the 2010 Gulf of Mexico oil spill - but the British energy giant's legal woes are far from over.

Oil companies act after Algeria raid

2013-01-18 14:26

Throngs of workers from international oil companies have been evacuated from Algeria following an attack on a gas plant that has reportedly left 41 dead, says BP.

Algeria: 8 kidnapped at gas plant

2013-01-16 20:02

Islamists from Mali have kidnapped 8 foreigners from a BP oil installation deep in Algeria.

BP barred from winning US contracts

2012-11-29 09:09

Two BP supervisors have pleaded not guilty to manslaughter charges in the 2010 oil spill disaster in the Gulf of Mexico, while the company has been barred from winning US government contracts.

BP to restructure oil production units

2012-11-23 18:58

BP is planning to announce a reorganisation of its oil and gas production operations, three sources familiar with the matter said.

Gulf oil spill: BP to pay $4.5bn in fines

2012-11-15 18:25

British energy giant BP says it has agreed to pay more than $4.5bn in US fines related to the devastating 2010 Gulf of Mexico oil spill, including $4bn in criminal claims.

Nigerian farmers take Shell to court

2012-10-11 09:31

Four Nigerian farmers are set to take on Shell in a Dutch court, accusing the oil giant of destroying their livelihoods in a case that could set a precedent for global environmental responsibility.

2 years after BP spill, disaster not over

2012-04-20 22:05

Two years after the worst maritime oil spill in history, fishermen, scientists, and environmentalists up and down the US Gulf Coast warn that the disaster may be far from over.

BP: US hiding evidence on size of spill

2012-03-30 21:06

BP has accused the US government of withholding evidence that may show the 2010 Gulf of Mexico oil spill was smaller than federal officials claimed.

BP spill deal drops public and Gulf

2012-03-04 18:18

BP's settlement with plaintiffs suing the company over the 2010 oil spill disaster in the Gulf of Mexico may address harm to individuals and businesses, but there is nothing in it that compensates the public.

BP says oil spill trial could last years

2012-02-26 17:00

BP chief executive Bob Dudley says the trial over the 2010 oil spill in the Gulf of Mexico could last for years.

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