
BP profits collapsed in the third quarter as oil prices halved on back of the stubborn global supply glut, the British energy giant said Tuesday. The London-listed energy major, which was ravaged by the catastrophic 2010 Gulf of Mexico oil
by AFP27 Oct 2015, 3:18 AM PST0

The U.S. Department of Justice has offered BP a $20.8 billion settlement over the 2010 Gulf of Mexico Deepwater Horizon oil spill that will allow it a $5.35 billion tax windfall.
by Chriss W. Street7 Oct 2015, 12:39 PM PST0

A little more than a year ago, oil prices reached above $100 a barrel. Gasoline averaged in the $3.50 range nationally. In late spring, oil appeared $60ish and the national average for gas remained around $2.70. The price of a barrel of oil has since plunged to $40 and below—yet, prices at the pump remain just slightly less than they were when oil was almost double what it is today.
by Marita Noon24 Aug 2015, 10:45 AM PST0

The Russian government has unilaterally moved its nation’s border nearly a mile into Georgian territory through South Ossetia. Not surprisingly, a British Petroleum (BP) oil pipeline is in the region.
by Mary Chastain16 Jul 2015, 10:17 PM PST0

Texas will receive more than $780 million from BP as part of a $20.2 billion settlement agreement with Gulf states in connection with the 2010 Deep Water Horizon oil spill. The settlement agreement follows a federal judge ruling that found BP at fault for gross negligence in the spill, which released nearly 134 million gallons of oil into the Gulf of Mexico.
by Bob Price2 Jul 2015, 9:59 AM PST0

Five years ago today the Guardian was celebrating one of the most glorious moments in left-wing history since the erection of the Berlin Wall. I refer, of course, to the Deepwater Horizon oil spill – a tragedy which the Guardian
by James Delingpole1 May 2015, 3:00 AM PST0

Five years ago, following a blowout and explosion on the Deepwater Horizon rig that killed 11 workers, the nation was spellbound by the 87-day visual of oil flowing freely into the waters of the Gulf of Mexico from the Macondo well. The 3.1 million barrels of spewed oil has been called “the world’s largest accidental marine spill” and “the worst environmental disaster in U.S. history.
by Marita Noon22 Apr 2015, 10:12 AM PST0