BP

BP Plc will Pay $20 Billion as Penalties for the Deadly Oil Spill of 2010

BP Plc will Pay $20 Billion as Penalties for the Deadly Oil Spill of 2010

Five years ago BP Plc was involved in a deadly oil spill and has to pay$20 billion or more as fines to settle the matters for almost all claims. On Monday, Attorney General Loretta Lynch said it is the largest of such claims in the history of the US.

 

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Pelham City to Get $106,760 from BP to Settle Claims for Deepwater Horizon Oil Spill in 2010

Pelham City to Get $106,760 from BP to Settle Claims for Deepwater Horizon Oil S

BP might at last be free from the litigation regarding the Deepwater Horizon oil spill of 2010 in the Gulf of Mexico.

BP has agreed to pay $106,760 to the City of Pelham in order to resolve any further claims.

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Whistle Blower Files Lawsuit Accusing BP of Overcharging California Agencies for Natural Gas

Whistle Blower Files Lawsuit Accusing BP of Overcharging California Agencies for

A lawsuit against BP, the British energy giant says that the agency which supplies natural gas to California state with a $250-million yearly contract has take advantage of the state by overcharging it for more than $300 million in a span over eight years.

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BP’s Gulf Oil Spill Case May Cost it Heavily

BP’s Gulf Oil Spill Case May Cost it Heavily

On Thursday a federal judge while ruling out fines for London-based BP's oil disaster case said that the company is subject to fines that could go as high as $4,300 per barrel under the Clean Water Act. In that case the oil giant will be looking at a figure close to$18 billion. Carl Barbier the District Court Judge said that that the company had acted in a way that amounted to "gross negligence" and "wilful misconduct" which resulted in the colossal oil spill in 2010 in the Gulf of Mexico.

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BP bids $41.6 million for Gulf Oil Lease

BP bids $41.6 million for Gulf Oil Lease

A few days ago, the United States Government granted British energy giant, BP, the permission to place bids for federal contracts. The energy major, in an effort to secure the first federal contract, after being re-allowed to bid for the same has placed a bid of $41.6 million for the sale of federal oil lease in the Gulf of Mexico.

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US ban on BP for new contracts lifted

US ban on BP for new contracts lifted

Post the oil rig explosion in the Gulf of Mexico in 2010, the United States had placed a ban on the British energy giant BP from applying for new contracts. The current decision to allow BP to apply for the new contracts follows a lawsuit filed by the energy major against the US government for its unjust penalty for the 2010 oil spill.

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BP and Rosneft May Enter Into a Deal

BP and Rosneft May Enter Into a Deal

A lot of speculations were going on in regard to the deal taking place between the British energy giant BP and Rosneft, the Russian state oil company. Initially, none of the parties were commenting on the topic.

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Global Oil Major BP Recalls Contaminated Gasoline

Global Oil Major BP Recalls Contaminated Gasoline

In a recent report, it has been revealed that Global Oil major BP has recalled its supplied gasoline. The gasoline was found to be contaminated and has said to cause problems to engines and creating problems at the time when vehicles were being started.

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Deadlock Between BP and Its Strategic Russian Partner, TNK-BP Continues

Deadlock Between BP and Its Strategic Russian Partner, TNK-BP Continues

There seems to be no early respite for the British oil giant, BP following a major fiasco in Gulf-of-Mexico. As per reports, the deal between BP and Rosneft for an Arctic exploration venture has been jinxed on Tuesday against deadlock with its existing partners in Russia, known as AAR, which has been earning profits with its deal in the name of TNK-BP.

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BP Showing Signs of Recovery

BP

After the torment BP had to face in the past one year due to the oil spill disaster in the Gulf of Mexico, it has started recovering. It has recorded a net profit with a 17% increase. This is a very positive sign for the firm and it is recovering speedily.

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