Shares in BP, EnQuest and Faroe Petroleum enjoy festive rise
A pre-Christmas rally ensured the London market closed on a festive note today as the likes of oil giant BP and Johnnie Walker owner Diageo put in a resilient performance.
BP-News
BP ‘not liable’ for Halliburton damages
BP HAS filed court papers aimed at stopping it from having to pay compensation for possible punitive damages, fines and penalties US energy service firm Halliburton could face for its role in the Macondo disaster.
BP hands out Forties debottlenecking contract
A SUBSIDIARY of global firm Foster Wheeler has been given an engineering, procurement and construction management contract by BP for its Exploration's Enhanced Gas Separation Project (EGSP) in Scotland.
CCS guidance role for former BP boss
A FORMER vice-president with oil giant BP, Patrick Dixon, has been appointed as expert chairman of the Office of Carbon Capture and Storage (CCS) in the Department of Energy and Climate Change (DECC).
BP agrees settlement with contractor over gulf spill
OIL supermajor BP will not pursue any legal action against Cameron International over last year's Deepwater Horizon disaster after the firms agreed that the contractor would pay a £161million settlement.
BP and Shell shares down in market rout
A weak start for London shares turned into a full-blown rout today after investors ditched risky stocks on more global growth fears.
Further citations against BP over US gulf disaster
THE US offshore drilling regulator has issued a further five citations against BP relating to the oil spill in the Gulf of Mexico last year.
Halliburton destroyed key evidence – BP
Oil major BP has accused Halliburton of destroying damaging evidence about the quality of cement used at the Macondo well which exploded in the Gulf of Mexico last year.
Wood Group launches Angolan JV with BP contract
Aberdeen energy service giant Wood Group announced its first contract for a new joint-venture in Angola today.
Omega lands £1.5m BP order for valves
ABERDEEN oil and gas manufacturing company Omega Completion Technology said yesterday it had secured an order worth more than £1.5million from BP for its specialist valves.
Beguiling Clair persuades BP to spend £4.5billion on her future
ON OCTOBER 13, BP formally sanctioned the £4.5billion Clair Ridge development West of Shetland, positive news that Prime Minister David Cameron sought to capitalise on by travelling to Aberdeen for the occasion.
BP hires Maersk unit for $780m
BP is taking on hire the rig Maersk Discoverer, which is being released from contract almost a year early by Woodside Petroleum, which was using the semi-submersible to drill on the Pluto project in the Carnarvon Basin, offshore Western Australia.
Townshend joins TNK-BP board
BP has appointed Michael Townshend as a non-executive director of TNK-BP with immediate effect. He will continue as president of BP in Iraq, overseeing the expansion of the Rumaila field. He replaces Tony Hayward on the TNK-BP board.
Transocean launches legal action to stop BP lawsuit
Drilling contractor Transocean has launched legal action against BP in an attempt to stop the operator pursuing it for damages from the Deepwater Horizon disaster.
BP given permit for Gulf of Mexico drilling
Oil group BP has been given its first drilling permit off the US coast since last year's Gulf of Mexico disaster.
Maersk Discoverer picked by BP for work off Egypt
Maersk Drilling has won a £488million contract with BP for a deep water rig.
BP boss says oil and gas giant safer and stronger after Macondo
BP boss Bob Dudley said today the oil giant had reached a clear turning point after announcing quarterly pre-tax profits of more than £4.5billion.
BP boss to reaffirm UK production plans
THE UK boss of oil giant BP is due to reaffirm its plans to maintain its North Sea production until 2030 - if not increase it - at a business gathering in Aberdeen this morning.
BP boosted by £2.5bn settlement from partner
SHARES in BP rose yesterday after it said it would receive about £2.5billion in a settlement with one of its partners at the site of last year's Gulf of Mexico disaster.
BP boss on UK’s ‘greatest industrial success story’
JUST over a year into taking on the top job at BP, Bob Dudley was keen to talk up the global firm's UK territory yesterday.
BP’s Clair Ridge given green light
BP has this morning announced that its massive Clair Ridge project west of Shetland has been given the green light by the UK Government.
BP hails £4.5bn oil field go-ahead
BP said the story of North Sea oil still has a "long way to run" after the company today received the go-ahead for a major £4.5 billion project.
BP outlines plans for disaster
OIL giant BP has outlined its contingency plans for dealing with an environmental disaster as it prepares to start drilling off the coast of Shetland next year.
Gulf rig disaster report blames BP
A top-level report into last year's Gulf of Mexico explosion has laid much of the blame for the disaster on BP, but two US companies did not escape criticism.
State-owned oil firm eyed up BP’s assets in North Sea
The state-owned British National Oil Corporation (BNOC) planned to take control of BP's North Sea assets in the 1970s before the UK Government intervened.