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Results 1 - 10 of 37 for oil spill

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  1. Business - Commodities - ENERGY

    CNOOC silent on output at spill site

    Posted Mar 18th 2013, 12:00am by Eric Ng

    ... approved production to resume. Beijing ordered the shutdown of the oilfield- the nation's largest offshore facility- because of oil spills. Nevertheless, the field never completely shut down ... on the field's revised development and production plan and environmental impact assessment as required by Beijing following the oil spills. The spills, which began in June 2011, resulted in the release ...

  2. Business - Companies

    BP raises oil spill charge as Q2 misses forecasts

    Posted Jul 30th 2013, 02:52pm

    ... Reuters in London International oil company BP increased its giant accounting provision for the 2010 oil spill to US$42.4 billion from US$42.2 billion on Tuesday and said its US$20 billion fund to pay spill compensation had only US$300 million left in it. The news came as BP’s second quarter results missed expectations, with adjusted net profit coming in at US$2.712 billion ...

  3. News - China - COURTS

    China court rejects oil spill lawsuit against state agency

    Posted Aug 15th 2013, 11:04am by AFP

    ... action from another government-backed entity. The case related to oil spills in June 2011 at the offshore Penglai field, jointly developed by ConocoPhillips and state-owned China National Offshore Oil Corporation, which saw 3,000 barrels of oil and oil-based mud vent into the sea. ConocoPhillips was ordered to cease production in September 2011 following the spills, which the SOA ...

  4. Business - Companies

    Contentious oil spill claims set up BP for long legal battle

    Posted Jul 12th 2013, 11:27am by Reuters

    ... it settled a class action over the 2010 Gulf of Mexico oil spill. The British oil giant asked the Fifth US Circuit of Appeals in New Orleans this week to halt the claims. Should its challenge before ... of individuals and businesses affected by the Deepwater Horizon rig explosion. The blast killed 11 men and dumped millions of barrels of oil into the Gulf in one of the country’s worst environmental ...

  5. Business - Companies

    New output, trading lift BP profits

    Posted Apr 30th 2013, 03:18pm

    ... and a strong performance from its trading division. The British oil company- still fighting multi-billion dollar lawsuits over its Gulf of Mexico oil spill of three years ago- turned in underlying ... TNK-BP, and the disposal of other producing assets to pay its oil spill liabilities. Ten days of earnings from its newly acquired stake in Russia’s top oil firm Rosneft and the profitable extra ...

  6. Business - Companies

    Judge orders BP to pay US$130m fees to Gulf claims program

    Posted Aug 08th 2013, 12:54pm by Reuters

    ... spill, a federal judge ruled on Wednesday, in a fresh legal setback for the oil company. BP had balked at funding the third-quarter operating budget for the administrator, Louisiana lawyer ... and rupture of the company’s Macondo well. Eleven people died, and the resulting offshore oil spill remains the largest in US history. The company originally expected the payout program to cost US$7.8 ...

  7. Business - Companies

    BP: Jindal admin ‘misrepresents’ company’s record

    Posted Aug 30th 2013, 11:27am by Associated Press

    ... Chevel Johnson in New Orleans BP says Louisiana Governor Bobby Jindal’s administration has misrepresented its record in the 2010 Gulf of Mexico oil spill, including how much it has spent ... the worst US offshore oil spill. Geoff Morrell, BP’s vice president of US communications, responded Thursday to comments made a day earlier by Jindal and his top coastal official, Garret Graves, ...

  8. Business - Companies

    Three years after Gulf spill, BP fights billions in fines

    Posted Apr 18th 2013, 11:16am by AFP

    ... is fighting to avoid billions in fines. BP’s lawyers are trying to convince a federal judge that the 2010 Gulf of Mexico oil spill was not a result of gross negligence and to shift some blame-- ... University Law School professor Blaine LeCesne told AFP. Given what’s happened in other major oil spills it’s not at all unlikely that we’re going to see damage show up that won’t be visible ...

  9. Business - China Business - RESOURCES

    Mainland oil majors to post weaker profits

    Posted Aug 20th 2012, 12:00am by Eric Ng

    ... of the Penglai 19-3 oilfield last September following major oil spills. It is not known when it will resume. In April, CNOOC was ordered to pay 480 million yuan and its US-based partner ConocoPhillips ... impact assessment of the field to the central government in January, but a minor oil spill in June may have delayed a restart. In January, the company announced a target to produce an oil and gas ...

  10. Business - Companies

    BP drills at 'giant' Gulf field after setback due to spill

    Posted Sep 13th 2013, 10:00am by Reuters

    ... of Mexico,” Lance said, referring to BP’s 2010 Macondo oil spill that spewed millions of barrels of crude into the Gulf and prompted a six-month drilling shutdown by the US government. In 2009, BP ... much oil was there. The company’s Macondo rupture and spill prompted the shutdown that delayed those plans as well as drilling by other Gulf oil producers. That drilling plan resumed last month ...




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