BP Plc to Settle Gulf of Mexico Oil Spill at $18.7 Billion

BP Plc to Settle Gulf of Mexico Oil Spill at $18.7 Billion

By Christy Gren - Jul 03, 2015

BP Plc will pay up to $18.7 billion as penalty amount to the US government and five states to reimburse almost all claim...

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Schlumberger to cut 9,000 jobs due to crude oil collapse

Schlumberger to cut 9,000 jobs due to crude oil collapse

By Anna Domanska - Jan 16, 2015

World’s No.1 oilfield services provider, Schlumberger Ltd said it will cut 9,000 jobs because the collapse in oil pric...

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BP to add 2 drills in Alaska as tax breaks bring a wave of investment

BP to add 2 drills in Alaska as tax breaks bring a wave of investment

By Anna Domanska - Jun 03, 2013

New tax breaks have brought a wave of investment as BP Plc decided to add two new drill rigs to the North Slope. The pro...

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Standard Life says NO to executive bonus packages in BP

Standard Life says NO to executive bonus packages in BP

By Jay Raol - Apr 14, 2013

Shareholders of BP PLC had a message from their advisory body Pirac to vote against the compensation sought by the chief...

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BP aims to get rid of its US wind arm

BP aims to get rid of its US wind arm

By Anna Domanska - Apr 03, 2013

If one thinks that renewable energy is the future, then s/he can be surprised with a new decision made by BP Plc. Surpri...

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BP & partners are to invest $500m in North Sea’s Clair field

BP & partners are to invest $500m in North Sea’s Clair field

By Anna Domanska - Mar 28, 2013

On the 28th of March, it was made public that an oil consortium led by BP Plc would plow as much as $500 million in an a...

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BP to dive into its pocket as Gulf Oil Spill trial begins

BP to dive into its pocket as Gulf Oil Spill trial begins

By Carrie Ann - Feb 26, 2013

Everything indicates that BP Plc will have to dive into its pocket to cover all demands related to the Deepwater Horizon...

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Transocean settles to pay $1.4B for Gulf oil spill

Transocean settles to pay $1.4B for Gulf oil spill

By Anna Domanska - Jan 04, 2013

Transocean Ltd. agreed to pay as much as $1.4 billion to settle civil and criminal claims over Gulf oil spill in 2010, t...

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BP ready to take offers for its stake in TNK-BP

BP ready to take offers for its stake in TNK-BP

By Carrie Ann - Oct 15, 2012

On the 17th of October bidding will open for BP’s half of TNK-BP, the Russian oil company. The most likely buyer is Ro...

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