News

Top BP Exec Killed In Algeria Hostage Crisis Was On Rare Visit To The Site

[credit provider=”AFP”] A senior executive at BP, who lived in London, was among those who died in the attack on the Algerian gas plant, adding to suggestions that the terrorists may have had inside information.Carlos Estrada, who had worked for the company for 18 years and risen to be vice–president, […]
Top BP Exec Killed In Algeria Hostage Crisis Was On Rare Visit To The Site
News

BP Predicts The US Will Be Self-Sufficient In Energy By 2030

[credit provider=”Robert Johnson — Business Insider” url=”http://www.flickr.com/photos/[email protected]/sets/72157629988382829/with/7154057854/”] Warnings that the world is headed for “peak oil” – when oil supplies decline after reaching the highest rates of extraction – appear “increasingly groundless,” BP’s chief executive said on Wednesday.Bob Dudley’s remarks came as the company published a study predicting oil production […]
BP Predicts The US Will Be Self-Sufficient In Energy By 2030
News

Shell Reignites rumours Of A BP Takeover

[credit provider=”Flickr/SkyTruth” url=”http://www.flickr.com/photos/skytruth/4543311558/”] Shell has reignited speculation about a potential takeover of BP after its chief executive spoke publicly about the Anglo-Dutch group’s recent interest in buying its fiercest rival, whose share price is still recovering from the Gulf of Mexico blowout.Peter Voser, the Shell boss, told a German newspaper […]
Shell Reignites rumours Of A BP Takeover
Markets

BP To Pay $4.5 Billion In Largest Criminal Payout EVER

[credit provider=”Wikimedia” url=”http://upload.wikimedia.org/wikipedia/commons/thumb/9/9d/Deepwater_Horizon_offshore_drilling_unit_on_fire_2010.jpg/640px-Deepwater_Horizon_offshore_drilling_unit_on_fire_2010.jpg”] BP’s resolution with the Department of Justice will cost it an aggregate of $4.5 billion, Bloomberg reports.That figure makes it the to the largest criminal penalty in US history. The current record is held by Pfizer Inc, which paid a $1.3 billion fine in 2009 for marketing […]
BP To Pay $4.5 Billion In Largest Criminal Payout EVER
News

The DOJ Might Settle Its Beef With Transocean For $1.5 Billion

[credit provider=”Flickr/SkyTruth” url=”http://www.flickr.com/photos/skytruth/4543311558/”] Transocean Ltd. and the U.S. Justice Department have discussed a $1.5 billion settlement that would resolve federal civil and criminal claims against the company over its role in a deadly 2010 rig explosion that spawned the nation’s worst offshore oil spill.But Switzerland-based Transocean said in a regulatory […]
The DOJ Might Settle Its Beef With Transocean For $1.5 Billion
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