Tag: BP

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California Cities Sue Oil Companies over Climate Change

City attorneys in San Francisco and Oakland, California, sued five oil companies in two coordinated lawsuits on Tuesday, arguing that the courts should hold these companies responsible for climate change, and force them to financially compensate the cities for harm the plaintiffs claim those companies are causing to the planet’s environment.

BP Texas City Refinery

BP Oil Adds Gender Reassignment Surgery to Employee Package

One British oil titan with its North American headquarters based in Houston just added gender reassignment surgery to its benefits package to make themselves more attractive to recruiting and hanging onto top-quality 21st Century employees.

Russian leader Vladimir Putin has called for an energy alliance with Europe

Stratfor: Russia Nears Easing of Western Sanctions

In a dramatic turnaround from last year, Russia’s St. Petersburg International Economic Forum attracted huge numbers of Western government officials and business leaders, despite U.S. and EU sanctions that are expected to be renewed.

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BP Quarterly Profits Collapse On Tumbling Oil Prices

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

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Oil Is Down. Gasoline Isn’t. What’s Up?

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.

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BP to Pay Texas $780M Over Oil Spill

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.

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Five years on: why Obama will always cherish the Gulf Oil Spill

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

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Deepwater Horizon Five Years Later: Lessons Learned

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.