BP’s investigation of its disastrous 2010 Gulf of Mexico blowout did not address the impact of cost overruns on the well, a BP executive said in the final day of testimony this week in the massive...
- Mon
- Mar 4, 2013
- Updated: 8:23pm
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BP
BP is a London-based oil company with operations in more than 80 countries. The company is one of the biggest in the world, measured by 2011 revenues, and operates in all areas of the oil and gas sectors. In January 2013, a US judge accepted an agreement by BP to plead guilty for its role in the Deepwater Horizon disaster in which 11 workers died and pay a record US$4 billion in criminal penalties for the worst offshore oil spill in US history.
28 Feb 2013
BP took chances drilling its doomed Macondo well long before it ruptured in 2010, a well design and pressure expert said in the second day of testimony in the civil trial over the Gulf of Mexico...
27 Feb 2013
After hearing claims that BP put profits above safety in the first day of court testimony over the 2010 Gulf of Mexico disaster, a senior executive for the oil company insisted the blame should be...
26 Feb 2013
A long-awaited trial over the biggest US offshore oil spill has begun, with governments, businesses and individuals blaming BP mostly for the 2010 disaster that killed 11 rig workers and spilled 4...
26 Feb 2013
The British energy giant has already resolved thousands of lawsuits linked to the deadly disaster out of court, including a record US$4.5 billion plea deal with the US government in which BP...
Park Geun-hye is officially headed to the Blue House as the country's first female president. Park, the daughter of a former strongman, has already faced a test over Pyongyang's recent nuclear...
Nearly three years after a deepwater well rupture killed 11 men, sank a rig and spewed 4 million barrels of oil into the Gulf of Mexico, BP and the other companies involved are scheduled to face...
British Prime Minister David Cameron arrives in India on Monday to try to win new investment in the face of fierce global competition as a scandal engulfs an Anglo-Italian helicopter deal.
Warnings that the world is headed for "peak oil"- when oil supplies decline after reaching the highest rates of extraction - appear "increasingly groundless", BP's chief executive said last week...
Britain's former prime minister Margaret Thatcher was in hospital yesterday recovering from a minor operation to remove a growth in her bladder and may remain there over Christmas.
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