BP | Egypt Oil & Gas - Part 33
Massive Earnings Loss Makes BP Unattractive to Acquire
BP is less likely to be acquired following its $18.7 billion settlement over the 2010 Macondo oil spill, Chief Executive Officer Bob Dudley said on July 28.
Conflict in Libya Costs BP $600m
Libya has become a major headache for European oil companies as a four-year conflict forced BP to join Total in writing off millions of dollars in investments in the North African country.
BP to Begin Paying Settlements to Local Governments for Deepwater Horizon Spill
A federal judge says BP will begin paying up to $1 billion in settlements to compensate local governments across the Gulf Coast for lost tax revenue and other economic damages they blame on the company's 2010 oil spi ...
BP Pays $18.7bn in Gulf Oil Spill Claims
BP Plc reached a record $18.7 billion agreement to settle all federal and state claims from the 2010 Deepwater Horizon oil spill after an abrupt strategy shift in May to re-open talks, three people close to the matte ...
BP Says US Shale Will Survive Oil Surplus, Iran Agreement
Shale output in the United States will prove resilient to low oil prices likely to be prolonged by the prospect of half a million barrels per day of Iranian crude making its way back to the market, BP's (BP.L) chief ... BP Shares Down After Supreme Court Denies Oil Spill Appeal
BP shares are down 2.13% to $40.47 in afternoon trading on Monday after the Supreme Court declined to hear an appeal from oil giant concerning fines that the company will be liable for in the wake of the 2010 Gulf of ...
US Rejects Appeals on 2010 Oil Spill
Justices let stand a lower court ruling that said the owners of the blown-out Macondo well could not avoid federal fines for the spill by blaming another company's failed equipment.
Sidpec Partners with United Gas Derivative, Eni, BP in Ethylene Project
Sidi Kerir Petrochemicals Co “Sidpec” Chariman Ahmed Helmy, said that five local banks offered to finance the 200 thousand tons capacity per year ethylene production project, with $ 600 million investments.
