BP

Judge Orders Probe against Feinberg Over BP Funds for Oil Spill

Judge Orders Probe against Feinberg Over BP Funds for Oil Spill

The department of Justice on Friday asked Kenneth Feinberg to unveil his work regarding the compensation of BP Plc’s Gulf of Mexico oil spill.

The judge Carl Barbier ordered for the speeding up for the payments to claims from $20 billion trust set by BP to relieve the sufferers.

Oil claims official has to stop saying that he is independent of BP

BP

The administrator of BP's twenty billion dollar oil spill compensation fund got partial about the British oil major and must stop telling victims he is independent, stated one US federal judge.

BP will pay dividend for the first time since Gulf oil spill

BP

On Tuesday, BP said that it planned to sell fifty percent of its refining capacity in the United States while reaching out more in faster-growing economies, and that it will start paying a dividend once more for the first time since the oil spill in the Gulf of Mexico last year.

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.

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