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.
Filed Under: Energy, Company News, Technology, Green, BP
BP may restart its dividend payments early next year after choosing to suspend them in the aftermath of the explosion of its Deepwater Horizon rig in the Gulf of Mexico in April.
Continue reading BP’s Incoming …
Incoming BP (BP) CEO Bob Dudley fired the executive at the center of the Gulf oil disaster and created a new division to improve safety.
Andy Inglis, the head of the company’s upstream business, will leave the company at the end of the year, BP said in a statement.
The company also set up a safety and operational risk unit to monitor and enforce safety standards across BP. Mark Bly…
Continue reading BP Creates Safety Unit, Fires Executive
BP Creates Safety Unit, Fires Executive originally appeared on DailyFinance on Wed, 29 Sep 2010 07:15:00.
Filed Under: Energy, Company News, Technology, Green, BP