In a move aimed at boosting economic activity, the Obama administration has reopened the Gulf of Mexico to oil and gas drilling about six weeks ahead of schedule. The Gulf had been closed to drilling after the three-month BP oi…
The role of BP lawyers in the company’s report on the explosion in the Gulf of Mexico is casting doubts on the impartiality of the study.
Continue reading How Impartial Is BP’s Report on Gulf of Mexico Explosio…
The White House blocked government scientists’ efforts to disclose the worst-case environmental scenario related to the April 20 explosion of BP’s Deepwater Horizon rig, the Associated Press reported Wednesday, citing a panel a…
In the past month, BP shares are up 16%, outpacing both the Dow and other oil giants. Now that the worst of the oil spill is over, BP has appeal for investors as a cash-flow and profit machine with decent future prospects.
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BP (BP) named the U.S. oil assets that will help finance its $20 billion compensation fund for victims of the Gulf oil disaster.
Revenue from oil fields including Thunder Horse, Atlantis and Mad Dog will be tied to compensation payments, the oil giant said in a statement.
“The pledging of these assets underscores our commitments to the Trust which we set up to pay all legitimate…
Continue reading BP Names Assets as Collateral For Compensation Fund
BP Names Assets as Collateral For Compensation Fund originally appeared on DailyFinance on Fri, 01 Oct 2010 07:04:00.
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