Latest news
BP launches a multibillion dollar lawsuit against Transocean and Cameron
The UK giant, BP filed a lawsuit against Transocean, asking for at least US$40 billion in damages and other costs from the owner of the Deepwater Horizon rig, moreover, the British company filed a lawsuit against Cameron International as well, saying a blowout preventer made by Cameron failed to avert the catastrophe.
read more... 26/04/2011
BP shareholders want to sell twice more assets than the company’s current plan
BP is facing a pressure from its biggest investors to sell off more than the double of the assets BP is currently selling as a program of radical reorganization. The investors are claiming that BP's chief executive, Bob Dudley, has the opportunity to change the company into a more dynamic one, following the devastating oil spill in the Gulf of Mexico.
read more... 18/04/2011
TNK-BP plans to sue BP seeking $10 billion in damage
Russia's half of the TNK-BP joint venture intends to take proceedings against BP pretending the giant broke the joint venture's shareholder agreement. According to the sources close to TNK-BP, the company’s management will seek multibillion-dollar damage, equivalent to $10 billion, claiming it lost the opportunity to explore the Russian Arctic because of BP's actions.
read more... 13/04/2011
BP will restart drilling in the Gulf of Mexico
BP asked U.S. regulators to give the company permission to resume drilling in the Gulf of Mexico, as early as July, less than 15 months after an accident that killed 11 workers and led to the release of more than 4.9 million barrels of oil from BP's well into the Gulf of Mexico.
read more... 04/04/2011
BP agreed to sell a share of its pipeline assets to Buckeye
BP Products North America announced yesterday that it signed a deal to sell some of its refined petroleum products terminals and pipelines to one of the leading petroleum distributors in the US, Buckeye Partners L.P, for $225 million.
read more... 21/03/2011