Oil – Bloomberg reported that major oil companies, Royal Dutch Shell Plc, BP Plc, Exxon Mobile Corp., and Total SA all reported lower quarterly profit as crude trades close to a 9-month low and spending costs rise.
Articles Tagged "bp plc"
Oil – Mining Weekly reported that BP Plc announced it was delaying Mad Dog Phase 2 project in the Gulf of Mexico due to rising costs.
Oil – Bloomberg reported that a retired petroleum engineering professor who took the witness stand in BP’s defense claims said the crew and managers took “extreme care to follow all the safety procedures” in drilling the Macondo oil well.
Oil – Bloomberg reported that the court has dismissed Cameron International Corp from all claims stemming from BP’s 2010 Gulf of Mexico oil spill saying there was no sufficient evidence that could prove the company was at fault.
Oil – Bloomberg reported that a company witness for Transocean Ltd said the Deepwater Horizon rig was well maintained prior to the blowout of a BP Plc well that triggered the biggest US offshore oil spill.
Oil – Bloomberg reported that a key witness in the BP oil spill trial said the company’s report did not mention a key safety test the night the blast occurred.
Oil – Reuters reported that the United States government and the Gulf Coast states might offer BP Plc a deal wherein it will pay $16B to settle civil lawsuits which stemmed from the 2010 Deepwater Horizon oil spill.
Oil – Reuters reported that BP Plc has tallied the claims made by the states of Alabama, Florida, Mississippi, Louisiana, and others for the April 2010 oil spill and deemed the total amount to be “substantially” overstated.
Oil – The U.S. Environmental Protection Agency announced on Nov. 28 that it has temporarily suspended BP from bidding on any new U.S. government contracts, citing the energy group’s “lack of business integrity” in regards to the Deepwater Horizon explosion.
Oil – Abu Dhabi National Energy Co. (TAQA) has purchased stakes in North Sea fields for $1.1 billion from BP Plc (BP/), the energy producer who is reducing assets in the wake of the 2010 Gulf of Mexico oil spill.