Sinopec Group (SHI), China’s second-largest oil and gas producer, will invest $7.1 billion in Repsol’s (REP) Brazilian unit.
Sinopec will buy new shares in the Spanish company’s Brazilian unit, giving the Chinese company a 40% stake, Bloomberg News s…
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 …
Despite the last day’s profit-taking slippage, it was a September to remember for stocks, especially after their gruesome performance in August. It’s all the more noteworthy because September is hardly a highlight month histori…
BP Plc may sell as much as $3.5 billion in debt as early as today, marking the oil giant’s first bond sale since its Deepwater Horizon rig exploded in the Gulf of Mexico in April.
Continue reading BP May Raise …