BP freezes pay in 2015 to cut costs

2015-01-28 15:45

BP is freezing base pay across the group this year, the latest in a series of steps by oil majors to cut costs in response to sinking oil prices.

UK to launch review of its oil and gas industry

2015-01-16 10:00

Britain will launch a review to identify key risks to oil and gas production in response to the collapse in oil prices.

BP to spend $1 bln on restructuring

2014-12-10 11:17

Oil major BP will spend $1bn on group-wide restructuring in the coming year as it laid out its long-term plans for its upstream oil and gas business.

2 million barrels of BP oil polluting ocean floor

2014-10-28 11:55

Around two million barrels of oil from the BP spill off the US Gulf Coast in 2010 is believed to have settled on the ocean floor, according to a new study.

Colombian farmers sue BP for environment damage

2014-10-16 10:13

A case in which 100 Colombian farmers are suing British oil giant BP for environmental damage has opened in the High Court in London.

UK government lends hand to BP in oil spill ruling

2014-09-08 12:15

The British government has urged the US Supreme Court to review an appeals court ruling against BP over a 2010 Gulf of Mexico oil spill.

Fines could prompt BP to cut Russia exposure

2014-09-05 16:15

The prospect of up to $18bn in new fines for the 2010 Gulf of Mexico oil spill could encourage BP to sell off some of its Russian interests.

BP can absorb new oil spill fine - analysts

2014-09-05 14:30

BP should be able to meet the cost of up to $18bn of new fines for the 2010 Gulf of Mexico oil spill without major asset sales, say analysts.

BP grossly negligent in 2010 oil spill

2014-09-04 21:18

A US judge has ruled the massive 2010 Gulf of Mexico oil spill was due to BP's 'gross negligence,' potentially subjecting the oil giant to billions of dollars in additional fines.

Africa set for an oil and gas boom

2014-09-04 05:00

Africa's energy industry could soar in the coming years, with Mozambique and Tanzania set to emerge as new frontiers if they can attract investment, a report says.

BP quarterly profit tops expectations

2014-07-29 10:32

BP has posted a better-than-expected 34% rise in quarterly profit after raising output of higher-margin products and hiking liquids and gas prices.

China has surpassed Britain's 'declining empire'

2014-06-18 12:47

China has overtaken Britain as a world power, a state-run newspaper has argued, after Premier Li Keqiang oversaw the signing of trade deals that will see Chinese invest in British high-speed trains and nuclear power.

Kurdish oil finds new buyers in Europe

2014-06-11 19:18

Russian oil firm Rosneft has bought a cargo of Kurdish oil for a German refinery it co-owns with oil major BP, according to trading sources.

BP, Budweiser join soccer revolt over Qatar

2014-06-09 15:15

BP and Budweiser have joined World Cup sponsors pressing soccer's rulers to tackle corruption allegations over the awarding of the 2022 tournament to Qatar.

Don't panic over petroleum dispute - union

2014-06-06 20:21

Petroleum sector trade unions have declared a pay dispute with employers, but there is not need for panic yet, says Solidarity.

What BP 'doesn't want you to know'

2014-06-02 09:14

BP, whose well spewed millions of gallons of oil into the Gulf of Mexico in the 2010 disaster that killed 11 people, considers itself a victim, too.

Russia-focused BP announces sliding profits

2014-04-29 18:00

BP net profits plunged in the first quarter compared with the outcome a year ago when the group sold its stake in a Russian joint venture.

Russia admits sanctions are hurting

2014-04-24 18:00

President Vladimir Putin says Ukraine-related sanctions are hurting Russia, but added that the damage was not very serious.

Russian business unaffected, says BP boss

2014-04-15 14:45

Western sanctions over Russia's actions in Ukraine have not impacted BP's business in Russia, chief executive Bob Dudley says.

Wildlife still suffer 4 years after BP spill

2014-04-09 14:03

Birds, fish, dolphins and turtles are still struggling in the Gulf of Mexico, four years after the worst oil spill in US history, a leading wildlife group says.

BP unsure how much oil was spilt

2014-03-28 07:39

More oil than previously thought may have leaked into Lake Michigan this week from BP's Indiana refinery, the company says, after two US Senators requested a meeting with the company.

Shell slashes ex-CEO's pay

2014-03-13 16:02

The pay of Royal Dutch Shell's former boss Peter Voser halved to $11.24m, while the base salary of new chief executive Ben van Beurden has been trimmed.

UK not ready for shale gas exploration

2014-03-05 21:17

The UK may be a prime location for shale gas exploration, but a lack of onshore drilling infrastructure and local opposition will impede development, experts and geologists say.

BP net profit more than doubles

2014-02-04 12:17

BP says net profits soared to $23.45bn last year, compared with the outcome in 2012 when it faced huge fines from the 2010 Gulf of Mexico oil spill.

Iran plans to win back Western business

2014-01-23 14:14

Iran will have a new, attractive investment model for oil contracts, say Iranian President Hassan Rouhani and Oil Minister Bijan Zanganeh.


BP's max fine for spill cut by billions

2015-01-16 12:30

BP will face a maximum fine of $13.7bn under the Clean Water Act for its Gulf of Mexico oil spill, several billion less than feared.

BP, Anadarko fail to win review of fines

2015-01-11 12:20

BP and Anadarko Petroleum narrowly failed to persuade a US appeals court to reconsider its ruling over the 2010 Gulf of Mexico oil spill.

US judge upholds BP 'gross negligence' ruling

2014-11-14 09:06

A US judge weighing how much BP should be punished for the 2010 Gulf of Mexico oil spill has refused to overturn his finding of negligence.

BP profits slump on sliding oil prices

2014-10-28 11:18

Profits at BP have dropped in the third quarter against a backdrop of sliding crude oil prices, says the British energy giant.

BP asks judge to reconsider ruling

2014-10-03 09:35

BP has asked a US court to reconsider a ruling that found the company "grossly negligent" for the 2010 oil spill in the Gulf of Mexico.

UK government helps BP in oil spill rulings

2014-09-08 11:30

The British government has urged the US Supreme Court to review appeals court rulings against BP over a 2010 Gulf of Mexico oil spill.

BP to fight ruling by US judge

2014-09-05 15:08

BP is planning to appeal a ruling by a US judge, as the oil group faces a possible $18bn fine and a lengthy legal process.

BP shares extend losses after oil spill ruling

2014-09-05 12:30

Shares in BP have extended losses, impacted by a US judge's decision that the oil major was "grossly negligent" over a 2010 Gulf of Mexico oil spill.

BP faces billions in fines over oil spill

2014-09-04 18:46

A judge has found BP grossly negligent for its role in the 2010 spill in the Gulf of Mexico, a ruling that could see the oil giant pay billions of more dollars in fines.

Mexican president signs landmark energy law

2014-08-11 20:09

Mexican President Enrique Pena Nieto has signed into law a package of laws that promises to lure big investment in the ailing oil, gas and electricity sectors.

BP spill slowing one of ocean’s fastest fish

2014-06-23 12:25

A study in the US says mahi-mahi, a popular fish among restaurants have been exposed to oil from the 2010 BP spill, and as such they swim nearly half as fast as their unaffected counterparts.

BP to sign $20bn gas contract with China

2014-06-18 10:30

British energy giant BP will sign a long-term deal with Chinese state-owned peer CNOOC in London to supply China with liquefied natural gas.

"BP must pay' says Supreme Court

2014-06-10 10:09

The US Supreme Court says BP must continue paying claims from a fund established after the 2010 Gulf of Mexico oil spill while the company appeals terms of its settlement with some businesses.

Petroleum unions declare dispute

2014-06-07 09:13

Petroleum sector trade unions have declared a pay dispute with employers, Solidarity says, but there is "no panic stations" yet.

Lloyds withdraws from Rosneft-BP deal

2014-06-03 19:42

Lloyds Bank has withdrawn from a $1.5-$2bn trade finance deal involving Rosneft, highlighting the growing unease among Western banks in funding Russian deals.

Glencore names ex-BP boss as chair

2014-05-09 13:07

Glencore Xstrata has confirmed Tony Hayward as permanent chairperson of the mining and commodities trading group.

BP raises dividend again

2014-04-29 14:15

BP has raised its quarterly dividend for the second time in six months, saying more share buy-backs are on the cards.

US oil spill claims continue

2014-04-21 16:30

Some islanders in Louisiana say they are tired of hearing that their beaches are free from oil, four years after the Deepwater Horizon oil spill.

BP to act as bridge between Russia, West

2014-04-10 16:12

BP will use its presence in Russia to help enhance relations between Moscow and the West, says its chief executive Bob Dudley.

BP to shut Australian refinery

2014-04-02 17:45

BP plans to end operation of a small Australian refinery by the middle of next year, causing the loss of 355 jobs, the British energy group says.

BP spills oil again

2014-03-26 08:33

An unknown amount of oil leaked from BP Whiting refinery in Indiana into Lake Michigan after a mechanical glitch, the company confirms.

BP denies inappropriate currency trading

2014-03-11 19:28

BP says none of its currency traders engaged in inappropriate trading activity, after a report alleged one of them had received information from a Lloyds dealer.

Shale gas can combat climate change - BP

2014-02-04 19:30

Shale gas offers a cheaper way to replace coal and cut greenhouse gas emissions than renewable power, says BP's chief economist.

BP back in favour despite spill legacy

2014-01-27 17:23

If you spent £10 on BP shares on April 19 2010, you would have just £9 now, including dividends. A poor investment, but also a remarkable recovery.

Greenland eyes mines, says prime minister

2014-01-21 20:31

Greenland will push ahead with a uranium and rare earths mine, despite objections as the melting of the polar ice cap unlocks the country's mineral riches.

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