Dozens of companies report earnings this week, and analysts surveyed by Thomson Reuters are anticipating lots of strong quarterly reports. Among those posting improved results should be Microsoft and Visa. However, likely to p…
As rapid economic growth and a population boom take place in the developing world, oil will play an increasingly vital role, no matter what its drawbacks. That puts the likes of Schlumberger, Weatherford and Baker Hughes in a s…
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
Oil services company Halliburton reported that its net income more than doubled in the third quarter as a surge in onshore North American natural gas activity offset the suspension of drilling in the Gulf of Mexico.
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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