BP

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Labor leader Miliband feels that BP's Russian tie-up is concerning

Labor leader Miliband feels that BP's Russian tie-up is concerning

BP's agreement done with the Russian energy group Rosneft might give rise to a rift with shareholders in its other partnership in Russia, TNK-BP.

BP deal recovers Reserves Gone in Post-Spill trade at half cost

BP deal recovers Reserves Gone in Post-Spill trade at half cost

Rosneft's market value prices its oil and gas reserves at $33 a barrel, the 4th lowest amongst the world biggest oil producers, information accumulated by Bloomberg.

That's 60 % below the $13.2 average price BP got for fields sold past year holding 1.7 billion barrels, according to bank DnB NOR ASA.

Safety board took entry in the hearing of oil spill

Safety board took entry in the hearing of oil spill

The first hearing of the chemical safety board will start today on the Deepwater Horizon oil spill. The board plans to examine the process in which other countries regulate offshore drillings. It also aims to learn the firsthand accounts of the disaster from the workers of British Petroleum.

Pan American’s long-term operation won’t be affected due to BP’s stake sales

Pan American’s long-term operation won’t be affected due to BP’s stake sales

The CEO of the largest offshore oil and gas firm by capacity, of China named Cnooc Ltd. stated on Monday that the operations of Pan American Energy LLC will remain firm in the times to come even as BP PLC (BP) is selling off most of its stake in the South America-based oil and Gas Company. BP is doing that for helping out to cover the cost of the U. K. firm's oil spill in the Gulf of Mexico.

Reports showed that poor discipline was one of the reasons for the oil spill

Reports showed that poor discipline was one of the reasons for the oil spill

On Wednesday a federal panel of Scientists reported that BP officials and the contractors of the company who were aboard the rig Named Deepwater Horizon in the Mexican Gulf ,did not pay heed to the warning signs given clearly regarding the dangerous condition of the Macondo well before the well blew apart in the month of April.

According to a report the oil spill happened due to BP’s lack of discipline

According to a report the oil spill happened due to BP’s lack of discipline

The Wall Street Journal had cited a report done by technical experts and stated that due to BP did not consider the risk factors sufficiently and due to the oil major's lack of operative discipline the biggest oil spill in the history of the US had occurred.

Crude oil had hit its two weeks low as reported by BP

Crude oil had hit its two weeks low as reported by BP

Some of the most important news of the oil market is given below. Oil prices had it nearly two-week low with apprehension that there will be less demand for oil in China as the country will step up its monetary measure for cooling its economy.

According to a panel of investigator BP did not show operating discipline before the blow out of its well.

BP Plans to Reshape Itself

BP Plans to Reshape Itself

BP PLC (BP) is said to have reported the vending of its sold its fuel marketing businesses in several African countries for $296 million.

This trading is believed to be the most recent one in a program of $30 billion of asset sales which is intended to help the Company in the wake of the Gulf of Mexico oil spill.

Spill panel could not find any evidence that bad decision was taken for greed

Spill panel could not find any evidence that bad decision was taken for greed

On Monday investors have stated that they haven't found any evidence to say that someone had cut corners to save money that have resulted in a bad decision which blew out the Macondo well of BP.

They also stated that there may be enough bad decision taken by workers prior to the blow out that have aggravated the risk.

BP is once more making profits after the oil spill

BP is once more making profits after the oil spill

BP has capitalized on the better than expected earnings that it saw in its third quarter and that is making one thing clear that the company has left behind its worst days of the oil spill and its business is bouncing back.

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