Posted by Reuters: Business News on January 27, 2012
(Reuters) – A federal judge on Thursday said BP Plc must indemnify Transocean Ltd for some compensatory damage claims over the 2010 Gulf of Mexico oil spill.
Posted by Reuters: Business News on January 5, 2012
(Reuters) – BP’s $20 billion oil spill fund said it had resumed payments to eligible victims on Wednesday after receiving clarification from a U.S. district court regarding an escrow account set up to cover certain legal expenses incurred by the plaintiffs’ lawyers.
Posted by Reuters: Business News on January 4, 2012
(Reuters) – BP’s $20 billion oil spill fund has halted payments to eligible victims until a U.S. federal court clarifies an order issued in December, according to a notice posted on the fund’s website.
Posted by Reuters: Business News on January 3, 2012
LONDON/NEW YORK (Reuters) – BP has opened 2012 with a new legal move in its battle to force contractor Halliburton to help pay the costs and expenses it incurred to clean up the 2010 Gulf of Mexico oil spill, which the oil major previously put at around $42 billion.
Posted by Reuters: Business News on December 16, 2011
(Reuters) – Cameron International Corp agreed a $250 million settlement with BP to help pay for costs associated with the Gulf of Mexico oil spill, raising hopes that deals between the British oil major and two other contractors could follow.
Posted by Reuters: Business News on December 7, 2011
WASHINGTON (Reuters) – The U.S. offshore drilling safety agency on Wednesday issued five more citations against BP for its oil spill in the Gulf of Mexico last year.
Posted by Reuters: Business News on December 6, 2011
(Reuters) – BP Plc accused Halliburton Co of destroying evidence that the oilfield services company did inadequate cement work on the Gulf of Mexico oil well that blew out last year, and asked a federal judge to punish Halliburton.
Posted by Reuters: Business News on
DOHA (Reuters) – The fragile economic recovery could be negatively affected by high oil prices, especially in the United States, BP’s chief executive said on Tuesday.
Posted by Reuters: Business News on November 11, 2011
MOSCOW (Reuters) – A Russian court on Friday rejected a $13 billion lawsuit, filed by TNK-BP minority shareholders against BP, a BP lawyer told Reuters.
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Posted by Reuters: Business News on November 7, 2011
LONDON (Reuters) – The collapse of BP’s planned sale of a $7 billion stake in an Argentinean unit is Chief Executive Bob Dudley’s second failed multi-billion dollar deal this year and has renewed investor concerns about his claimed turnaround of the group.
