Oil services firm Halliburton (HAL) has responded to claims that it was aware of test results showing that the cement to be used as a plug for the bottom of the Macondo oil well was unstable.
Federal investigators sent a letter Thursday indicating tha…
A federal commission investigating the BP Deepwater Horizon oil spill disaster, issued a scathing report today, saying BP and its cement contractor Halliburton knew that test results for the cement to be used as a plug for the…
BP (BP) will sell four deep-water oil and gas fields in the Gulf of Mexico for $650 million.
The company will sell the fields to Marubeni Oil and Gas, a unit of Japan’s Marubeni Corp., The Wall Street Journal said. The deal could be completed by early 2011.
The oil giant’s net production from these fields is about 15,000 barrels of oil equivalent a day. The fields “did not fit well…
Continue reading BP to Sell Four Oil Fields in Gulf of Mexico for $650 Million
BP to Sell Four Oil Fields in Gulf of Mexico for $650 Million originally appeared on DailyFinance on Mon, 25 Oct 2010 07:26:00.
Filed Under: Energy, Company News, Green, BP
BP (BP) will award its fourth-quarter bonuses based entirely on performance on safety-related issues.
CEO Bob Dudley told employees on Monday that the bonus policy is meant to emphasize that safety is the company’s top priority, The Associated Press reported.
The policy will help ensure that “a low-probability, high-impact incident such as the Deepwater Horizon tragedy never…
Continue reading BP to Award Bonuses Based on Safety Perfomance
BP to Award Bonuses Based on Safety Perfomance originally appeared on DailyFinance on Tue, 19 Oct 2010 07:46:00.
Filed Under: Energy, Company News, Technology, People, Green, BP
As it continues to raise funds to deal with the fallout from the Gulf oil spill, oil giant BP (BP) is set to sell a total of $1.8 billion in assets in Venezuela and Vietnam to TNK-BP.
TNK-BP, a joint venture between BP and a group of Russian billionaires, will make a $1 billion deposit by Oct. 29 and pay the rest in the first half of 2011, Bloomberg News reported.
“It sounds like a…
Continue reading BP to Sell Venezuela, Vietnam Assets for $1.8 Billion
BP to Sell Venezuela, Vietnam Assets for $1.8 Billion originally appeared on DailyFinance on Mon, 18 Oct 2010 06:28:00.
Filed Under: Energy, Company News, Green, BP