Earlier Friday in London trading, shares of BP gained on rumors the largest oil company in the world, Exxon Mobil, is considering a bid for the oil company responsible for the largest oil spill in the U.S., Reuters reported.
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Oil giant BP (BP) announced Tuesday that it had an operating performance that helped it become profitable again in 2010’s third quarter, even though the company took an additional pretax charge of $7.7 billion related to the Deepwater Horizon oil spill…
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