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By Jef Feeley and Allen Johnson Jr., Bloomberg |
February 25, 2013
BP Plc, Transocean Ltd. and Halliburton Co. are seeking to avoid billions of dollars in damages by proving in court that mistakes leading to the 2010 Gulf of Mexico oil spill didn’t amount to gross negligence.
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By Joe Carroll, Tim Catts and David Wethe, Bloomberg |
February 7, 2013
Deep-water oil exploration has been disrupted from the Gulf of Mexico to Brazil by the discovery of faulty bolts used in safety equipment less than three years after the worst-ever U.S. maritime crude spill.
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By Phil Flynn |
November 29, 2012
Oil has struggled as it copes with continued demand destruction following Hurricane Sandy, balancing builds in supply with on-going refinery complications.
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By Margaret Cronin Fisk and Allen Johnson Jr., Bloomberg |
November 27, 2012
BP Plc appeared in federal court in New Orleans to answer U.S. charges brought over the 2010 Gulf of Mexico oil spill, entering a not guilty plea that won’t affect its $4 billion criminal settlement with the U.S.
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By Phil Mattingly and Margaret Cronin Fisk, Bloomberg |
November 15, 2012
BP Plc reached a settlement with the U.S. government for $4.5 billion that will end all criminal charges and resolve securities claims relating to the worst U.S. oil spill.
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By Brian Swint and Eduard Gismatullin, Bloomberg |
October 30, 2012
BP Plc, Europe’s second-biggest oil company, raised its dividend as third-quarter profit beat analysts’ estimates.
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By Moming Zhou, Bloomberg |
September 14, 2012
The power of hurricanes to drive up oil prices is diminishing as the proportion of U.S. crude coming from the Gulf of Mexico falls to a 14-year low because of the increase in onshore shale production.
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By Canaccord Genuity Morning Coffee |
September 6, 2012
The U.S. Justice Department is taking a firmer position against BP for the 2010 Gulf of Mexico oil spill, providing examples of “gross negligence and willful misconduct”
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By Allison Bennett and Inyoung Hwang, Bloomberg |
September 5, 2012
The euro and Spanish 10-year debt advanced on the European Central Bank’s plan to buy bonds, while most U.S. stocks fell as FedEx Corp. cut its profit forecast and reports showed economies were slowing more than anticipated.
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By Phil Flynn |
August 21, 2012
As if we did not have enough reasons for oil to rally, another has just developed and we'll call it Tropical Depression Number 9.
