BP loses bid to stall disputed payments
BP has lost its bid to stall disputed payments while the U.S. Supreme Court reviews its case.
BP-News
BP to appeal disputed payments
BP has asked the the U.S. Supreme Court to review a recent court order regarding its Gulf of Mexico oil spill settlement.
BP faces billions of dollars in additional payments over Gulf of Mexico spill
BP Plc faces billions of dollars in additional payments after failing again to convince an appeals court that the company is being forced to pay claims that aren’t directly related to the 2010 Gulf of Mexico oil spill. The decision leaves BP with two options -- pay claims the company has called “fictitious,” or appeal further to the U.S. Supreme Court. Paying these claims will cost additional billions of dollars, BP has said in court filings. Payments for disputed business economic losses have been on hold while BP appealed.
BP says Ireland’s oil carries real risk
Ireland’s oil potential may “hold some intrigue” but exploration carries “real risk”, according to a BP executive.
BP posts profits dip
BP has posted falling profits for its first quarter results. Higher output from the North Sea were offset by lower production elsewhere and reduced refinery earnings.
BP to keep investing in Rosneft despite US shun
British oil major BP said it intends to remain a long-term investor in Russia's Rosneft following a decision by the United States government to impose sanctions against the head of the Russian energy company.
BP’s Shah Deniz Stage 2 contract spree continues
The Shah Deinz Stage 2 contract spree continues, after Baku Shipyard secured a contract win worth $378million. BP Exploration, which operates the Shah Deniz gas field development, brought in Baku Shipyard to design and build the Subsea Construction Vessel (SCV).
Former BP boss named new Bahamas chairman
A former boss at TNK-BP is to take over as chairman of Bahamas Petroleum, it has emerged.
BP sells off Alaskan fields as focus turns to Prudhoe Bay investment
BP is to sell off its stakes in four Alaskan oilfields to a private firm as it looks to refocus on a key project in the country.
Penalty phase of Macondo trial put back until early 2015 as BP faces damages wait
BP will return to court for the final phase of its civil trial over the Deepwater Horizon disaster next January - when it will learn how much the company faces in damages.
BP EOR schemes to come under North Sea spotlight
BP’s efforts to extract more oil from its existing fields using new high-tech methods will come under the spotlight at an event in Aberdeen later this week.
BP to buy 2million tonnes of oil from Rosneft
British oil major BP is to buy more almost £900million of crude oil from Russian giant Rosneft.
Former BP boss pays back £133,000 over Deepwater Horizon insider trading claims
A former BP boss is to pay back more than £133,000 after being charged with insider trading in the wake of the Deepwater Horizon tragedy.
Coast Guard hits back as BP claims Deepwater Horizon clear-up finally finished four years on
The US Coast Guard has opened a new war of words with BP over the Deepwater Horizon tragedy after the British super major claimed clear-up work from the 2010 disaster was complete.
Dudley: BP can be ‘bridge’ between Russia and west
BP chief executive Bob Dudley believes the British supermajor can act as a 'bridge' in easing tensions between Russia and Western Europe over the Ukraine crisis.
BP scraps Bulwer refinery after admitting smaller operations no longer economic
BP is to scrap one of its refineries in Australia after admitting that giant projects in the country were making its smaller operations too expensive.
New chief scientist for BP
BP has announced a new chief scientist after the US department of energy lined up a bid to land her predecessor.
New boss for BP in Russia
BP is to turn to one of the key figures behind its TNK-BP joint venture to oversee the firm's operations in Russia.
BP faces long game after making £25million return to Gulf of Mexico
BP's return to the Gulf of Mexico for the first time in two years may not yield any new oil production until the middle of the next decade, it has emerged.
£1.8m payday for ex-BP boss Tony Hayward
Former BP boss Tony Hayward earned a bonus of nearly £1million from his day job during 2013, it emerged yesterday.
BP cleared for US business as EPA agreement reached
BP has entered an administrative agreement with the United States Environmental Protection Agency (EPA) on the British multinational's business in the country following a suspension over the Deepwater Horizon disaster.
BP boss Bob Dudley sees pay triple despite 21% profits drop
BP boss Bob Dudley saw his total pay triple last year - despite seeing annual profits at the oil major drop by a fifth.
BP to launch US shale operations as separate business
BP is to hive off its US onshore operations into a separate company as it looks to step up its move into America's lucrative shale oil and gas fields.
BP loses battle over restricting Macondo compensation payouts
BP has been told by a US appeals court it must resume paying compensation to businesses over the Deepwater Horizon disaster -even if they were not directly impacted.
BP starts up major upstream project in Gulf of Mexico
BP has started its third major upstream project of the year in the Gulf of Mexico.