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 claims from its deadly Gulf of Mexico oil spill five years ago in

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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 prices have forced petroleum companies to cut drilling budgets.

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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 project, which is to be wrapped up by 2016, is an essential ele

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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 executive officer of BP PLC, Bob Dudley, as he demanded a B

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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. Surprising or not, BP Plc has informed that it wants to get rid of

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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 appraisal drilling project in the Clair field near Shetlands

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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 oil spill. On the 25th of February, the Gulf oil spill tria

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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, the U.S. Department of Justice informed on the 3rd of January

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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 Rosneft, state-owned oil major company, yet AAR does not bury

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