https://www.scmp.com/rss/170048/feed 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. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Reuters Reuters The US eased sanctions on Venezuela’s energy sector on Friday, issuing two general licences that allow global energy companies to operate oil and gas projects in the Opec member and for other companies to negotiate contracts to bring in fresh ‌investments. The Treasury Department’s Office of Foreign Assets Control issued a general licence allowing Chevron, BP, Eni, Shell and Repsol to operate oil and gas operations in Venezuela. Those companies still have offices in the country and stakes in... https://www.scmp.com/news/world/americas/article/3343543/us-allows-oil-majors-resume-venezuela-operations?utm_source=rss_feed https://www.scmp.com/news/world/americas/article/3343543/us-allows-oil-majors-resume-venezuela-operations?utm_source=rss_feed Fri, 13 Feb 2026 17:14:33 +0000 Agence France-Presse Agence France-Presse Swiss food giant Nestle on Monday dismissed Laurent Freixe as chief executive with immediate effect over an “undisclosed romantic relationship with a direct subordinate”. The multinational behind Nespresso coffee capsules and KitKat chocolate bars said Freixe’s dismissal followed an investigation. In a swift move, Nespresso CEO Philipp Navratil was appointed to take over by his fellow board members. “The departure of Laurent Freixe follows an investigation into an undisclosed romantic... https://www.scmp.com/news/world/europe/article/3323979/nestle-dismisses-ceo-over-office-relationship-subordinate?utm_source=rss_feed https://www.scmp.com/news/world/europe/article/3323979/nestle-dismisses-ceo-over-office-relationship-subordinate?utm_source=rss_feed Tue, 02 Sep 2025 01:02:58 +0000 Yujie Xue Yujie Xue Hong Kong’s major natural gas company is looking to produce hydrogen for application in other industries, showing commitment to the market at a time when companies and governments are cancelling or scaling back plans amid cost challenges. Hong Kong and China Gas, or Towngas as the sole natural gas producer is known, will start work on building the city’s first public electric vehicle (EV) charging station powered by hydrogen, it said on Friday. The venture was expected to commence operations... https://www.scmp.com/business/china-evs/article/3319649/towngas-build-hydrogen-powered-ev-charging-stations-amid-mixed-industry-signals?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3319649/towngas-build-hydrogen-powered-ev-charging-stations-amid-mixed-industry-signals?utm_source=rss_feed Sun, 27 Jul 2025 06:00:13 +0000 Alex Lo Alex Lo Genocides committed or sponsored by the West have often been a highly profitable business. Whether it was against the native American population in the United States throughout much of the 19th century, the colonisation of the Congo by King Leopold II of Belgium, or the Nazi Holocaust, many individuals and companies have profited greatly from humanity’s worst crimes – through direct participation or by providing services and support. A new report by Francesca Albanese, the courageous UN special... https://www.scmp.com/opinion/world-opinion/article/3317502/its-time-business-stop-profiting-israels-economy-genocide?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3317502/its-time-business-stop-profiting-israels-economy-genocide?utm_source=rss_feed Thu, 10 Jul 2025 01:00:11 +0000 About two million barrels of oil from the BP spill off the US Gulf Coast in 2010 are believed to have settled on the ocean floor, according to a study. What happened to two million of the nearly five million barrels from the Deepwater Horizon rig that gushed into the open waters was a mystery until now, said the findings on Monday in the Proceedings of the National Academy of Sciences journal. Researchers analysed samples collected at more than 500 locations around the Macondo Well, where the... https://www.scmp.com/news/world/article/1626912/bp-oil-spill-deepwater-horizon-spread-over-huge-area-ocean-floor?utm_source=rss_feed https://www.scmp.com/news/world/article/1626912/bp-oil-spill-deepwater-horizon-spread-over-huge-area-ocean-floor?utm_source=rss_feed Tue, 28 Oct 2014 14:00:00 +0000 Two former BP supervisors won the dismissal on Tuesday of some of the manslaughter charges facing them over the Gulf of Mexico drilling rig explosion that killed 11 people in 2010. US District Judge Stanwood Duval in New Orleans dismissed 11 counts of seaman’s manslaughter facing Robert Kaluza and Donald Vidrine, site leaders of the Deepwater Horizon rig. But the judge refused to dismiss 11 other counts of involuntary manslaughter, leaving those and a Clean Water Act violation charge to be heard... https://www.scmp.com/business/companies/article/1378265/bp-supervisors-cleared-manslaughter-charges-over-mexico-gulf?utm_source=rss_feed https://www.scmp.com/business/companies/article/1378265/bp-supervisors-cleared-manslaughter-charges-over-mexico-gulf?utm_source=rss_feed Wed, 11 Dec 2013 09:25:52 +0000 Oil giant BP is to fight attempts to fine it up to US$18 billion over the 2010 Deepwater Horizon disaster, at a new trial in New Orleans. The latest legal battle revolves around its efforts to cap a runaway well, and the amount of oil that entered the Gulf of Mexico during the 87-day spill. The trial, scheduled to open yesterday and expected to last a month, could add up to US$18 billion to BP's bill - five times the US$3.5 billion set aside for fines. That is on top of the US$42.4 billion it... https://www.scmp.com/news/world/article/1321524/bp-faces-new-trial-and-us18b-fines-over-2010-deepwater-horizon-disaster?utm_source=rss_feed https://www.scmp.com/news/world/article/1321524/bp-faces-new-trial-and-us18b-fines-over-2010-deepwater-horizon-disaster?utm_source=rss_feed Mon, 30 Sep 2013 16:00:00 +0000 BP on Monday renewed its request for a federal judge to temporarily suspend settlement payments to Gulf Coast residents and businesses following its massive 2010 oil spill, citing a scathing report on alleged misconduct within the court-supervised program. In a court filing, BP attorneys said the report issued earlier this month by former FBI Director Louis Freeh shows the settlement program is plagued by problems that need to be fixed. US District Judge Carl Barbier already has rejected two... https://www.scmp.com/business/companies/article/1316642/bp-renews-bid-suspend-settlement-payments?utm_source=rss_feed https://www.scmp.com/business/companies/article/1316642/bp-renews-bid-suspend-settlement-payments?utm_source=rss_feed Tue, 24 Sep 2013 03:44:58 +0000 BP has begun appraisal drilling in its highly touted Tiber oil prospect in the Gulf of Mexico, the company said on Thursday, more than three years after its massive Macondo blowout and crude spill set back drilling in the basin. BP confirmed that drilling began on August 3. ConocoPhillips Chief Executive Ryan Lance disclosed it to analysts during a webcast presentation at the Barclays Energy-Power Conference in New York. ConocoPhillips is a minority partner in Tiber. “We are appraising the Tiber... https://www.scmp.com/business/companies/article/1308997/bp-drills-giant-gulf-field-after-setback-due-spill?utm_source=rss_feed https://www.scmp.com/business/companies/article/1308997/bp-drills-giant-gulf-field-after-setback-due-spill?utm_source=rss_feed Fri, 13 Sep 2013 02:00:42 +0000 BP must pay US$130 million to a court-appointed administrator overseeing payments to thousands of people who claimed they were hurt by the 2010 Gulf of Mexico oil 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 Patrick Juneau, complaining that his bill contained “excessive costs.” But US Magistrate Judge Sally Shushan in New Orleans ruled that it was... https://www.scmp.com/business/companies/article/1295234/judge-orders-bp-pay-us130m-fees-gulf-claims-program?utm_source=rss_feed https://www.scmp.com/business/companies/article/1295234/judge-orders-bp-pay-us130m-fees-gulf-claims-program?utm_source=rss_feed Thu, 08 Aug 2013 04:54:50 +0000 US federal energy regulators have ordered BP to respond to allegations of natural gas market manipulation in Texas, threatening the energy company with fines near US$29 million. The move likely sets up another major legal battle for the Federal Energy Regulatory Commission (FERC) as it steps up policing of power and natural gas markets. In the order, FERC pointed to a two-minute recorded conversation between a BP trainee and a senior gas trader as evidence that BP bought and sold gas at a... https://www.scmp.com/business/companies/article/1294617/us-regulator-seeks-us29m-bp-over-natgas-trading?utm_source=rss_feed https://www.scmp.com/business/companies/article/1294617/us-regulator-seeks-us29m-bp-over-natgas-trading?utm_source=rss_feed Tue, 06 Aug 2013 03:35:22 +0000 BP said it has uncovered new allegations of fraud and conflicts of interest inside the settlement program that has awarded billions of dollars to Gulf Coast businesses and residents for damage from the company’s 2010 oil spill in the Gulf of Mexico. BP attorneys outlined the allegations in a court filing, which asks a federal judge to temporarily suspend settlement payments while former FBI Director Louis Freeh leads an independent investigation of the court-supervised settlement program. US... https://www.scmp.com/business/companies/article/1294612/bp-cites-new-fraud-allegations-spill-settlement?utm_source=rss_feed https://www.scmp.com/business/companies/article/1294612/bp-cites-new-fraud-allegations-spill-settlement?utm_source=rss_feed Tue, 06 Aug 2013 02:58:04 +0000 Faced with hundreds of damage claims it says are fictitious and inflated, BP must decide whether to dive into a protracted legal battle it had sought to avoid when 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 the three-judge panel fail, BP will face a choice: ask for a hearing by all the court’s judges, appeal to the US Supreme Court, or try... https://www.scmp.com/business/companies/article/1280927/contentious-oil-spill-claims-set-bp-long-legal-battle?utm_source=rss_feed https://www.scmp.com/business/companies/article/1280927/contentious-oil-spill-claims-set-bp-long-legal-battle?utm_source=rss_feed Fri, 12 Jul 2013 03:27:27 +0000 A Chicago-based commodities trading firm has filed suit against three of the world’s largest oil companies, accusing them of colluding to fix oil prices after European authorities opened an investigation last week. Prime International Trading, which trades crude oil and other commodities, filed the proposed class-action lawsuit against BP, Royal Dutch Shell and Statoil this week, accusing the firms of misreporting trades in North Sea Brent, the oil benchmark which sets the price of about 70 per... https://www.scmp.com/business/companies/article/1244902/eu-oil-pricing-probe-spurs-lawsuit-against-bp-others?utm_source=rss_feed https://www.scmp.com/business/companies/article/1244902/eu-oil-pricing-probe-spurs-lawsuit-against-bp-others?utm_source=rss_feed Fri, 24 May 2013 03:41:38 +0000 American asset prices have been enjoying a ripsnorting rally lately. Over the last six months the S&P500 stock index has climbed 20 per cent. Alternative assets like hedge funds are generating decent returns. Even house prices are up. With liquidity plentiful, and valuations modest by historical standards, most investors expect the bull run to continue. But for market watchers who like to keep an eye out for contrarian indicators, there is one incidental sign that the current trend may soon be... https://www.scmp.com/business/article/1243004/attempts-diversify-chinas-reserves-have-been-disaster?utm_source=rss_feed https://www.scmp.com/business/article/1243004/attempts-diversify-chinas-reserves-have-been-disaster?utm_source=rss_feed Tue, 21 May 2013 16:00:00 +0000 BP profits outperformed expectations by almost US$1 billion in the first quarter thanks in part to the high margin nature of new production that came on stream at the end of last year 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 replacement cost net profit of US$4.215 billion (HK$32.72 billion) for the quarter. That was down from US$4.65... https://www.scmp.com/business/companies/article/1226748/new-output-trading-lift-bp-profits?utm_source=rss_feed https://www.scmp.com/business/companies/article/1226748/new-output-trading-lift-bp-profits?utm_source=rss_feed Tue, 30 Apr 2013 07:18:48 +0000 Three years after a deadly explosion on a BP-leased drilling rig unleashed the worst environmental disaster in US history, the British energy giant 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 -- and cost -- to its subcontractors at a blockbuster trial in New Orleans. But after weeks of damning testimony describing how BP and its subcontractors... https://www.scmp.com/business/companies/article/1217277/three-years-after-gulf-spill-bp-fights-billions-fines?utm_source=rss_feed https://www.scmp.com/business/companies/article/1217277/three-years-after-gulf-spill-bp-fights-billions-fines?utm_source=rss_feed Thu, 18 Apr 2013 03:16:37 +0000 Billions of dollars are at stake this week at the opening of a complex trial to determine how much BP should pay for the devastating 2010 Gulf of Mexico oil spill. 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 pleaded guilty to criminal charges and a US$7.8 billion settlement with people and businesses affected by the spill. US prosecutors are... https://www.scmp.com/news/world/article/1158403/billions-dollars-stake-bp-oil-spill-trial-starts?utm_source=rss_feed https://www.scmp.com/news/world/article/1158403/billions-dollars-stake-bp-oil-spill-trial-starts?utm_source=rss_feed Mon, 25 Feb 2013 16:00:00 +0000 S Korea swears in first female president 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 missiles testing. But the cloud of the crisis may for the moment be far from the minds of 70,000 people expected at her inauguration, the highlights of which include a performance by rapper Psy and, later, a meeting with foreign dignitaries.   Court battle over... https://www.scmp.com/comment/insight-opinion/article/1157784/talking-points?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1157784/talking-points?utm_source=rss_feed Sun, 24 Feb 2013 16:00:00 +0000 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. Bob Dudley's remarks came as the company published a study predicting that oil production would increase substantially, and that unconventional and high-carbon oil would make up all of the increase in global oil supply to the end of this decade, with the explosive growth of shale oil in the United... https://www.scmp.com/lifestyle/technology/article/1131718/world-not-running-out-oil-just-yet-bp-claims?utm_source=rss_feed https://www.scmp.com/lifestyle/technology/article/1131718/world-not-running-out-oil-just-yet-bp-claims?utm_source=rss_feed Sat, 19 Jan 2013 16:00:00 +0000 Thatcher recovering in hospital after surgery LONDON - 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. The "Iron Lady", 87, was doing "absolutely fine", her spokesman said. But the operation has raised fresh fears for the prime minister from 1979 to 1990, who has been a subdued figure in recent years. AFP   Kerry 'perfect choice' as US secretary of state WASHINGTON... https://www.scmp.com/news/world/article/1110963/briefs-december-23-2012?utm_source=rss_feed https://www.scmp.com/news/world/article/1110963/briefs-december-23-2012?utm_source=rss_feed Sat, 22 Dec 2012 16:00:00 +0000 Four Spanish banks to get €37b in loans The European Union has approved the payment of €37 billion (HK$371 billion) in bailout loans to four of Spain's struggling banks - provided each of them cut its loans and investments by 60 per cent. The sum is part of a €100 billion credit line approved by the other 16 euro-zone countries to shore up Spain's banks. AP   US to halt new federal contracts to BP BP, which pleaded guilty to criminal charges after the worst US oil spill occurred in 2010, will be... https://www.scmp.com/business/china-business/article/1093406/briefs-november-29-2012?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1093406/briefs-november-29-2012?utm_source=rss_feed Wed, 28 Nov 2012 16:00:00 +0000 Lawyers for two BP employees charged with manslaughter over the Deepwater Horizon disaster said the US government had unfairly targeted their clients. Robert Kaluza and Donald Vidrine, the two highest-ranking BP supervisors on board the rig in the hours before the disaster, were innocent of the charges laid on Thursday, the lawyers said. The government alleged that "negligent and grossly negligent" conduct by Kaluza and Vidrine led to the explosion aboard the Deepwater Horizon rig, the deaths of... https://www.scmp.com/news/world/article/1084176/bps-deepwater-horizon-employees-unfairly-targeted-their-lawyers-say?utm_source=rss_feed https://www.scmp.com/news/world/article/1084176/bps-deepwater-horizon-employees-unfairly-targeted-their-lawyers-say?utm_source=rss_feed Fri, 16 Nov 2012 16:00:00 +0000 British oil giant BP said on Monday that it has agreed to sell its half of Russian venture TNK-BP to Rosneft for US$17.1 billion (13.1 billion euros) and another 12.84 per cent share in the state energy giant. The deal creates a top player in the global oil sector with big implications for Arctic exploration and effectively ends the often tumultuous TNK-BP joint venture. In Moscow, Rosneft announced it had also bought the other half-stake in TNK-BP from Russian investors. BP added in a statement... https://www.scmp.com/business/companies/article/1067345/bp-sell-half-its-russian-venture-tnk-bp-rosneft?utm_source=rss_feed https://www.scmp.com/business/companies/article/1067345/bp-sell-half-its-russian-venture-tnk-bp-rosneft?utm_source=rss_feed Mon, 22 Oct 2012 12:22:32 +0000 Fidel Castro appears in public after months HAVANA - A top executive at Havana's Hotel Nacional said that Fidel Castro made a public appearance there, challenging rumours that he is in ailing health. The hotel's commercial director Yamila Fuster said 86-year-old Castro arrived there in a car to drop off a "distinguished Venezuelan guest," then stayed to chat with hotel employees. Castro has not appeared on television or publically since March. AP   BP agrees to swapfor Rosneft stake LONDON - A... https://www.scmp.com/news/world/article/1066718/briefs-october-22-2012?utm_source=rss_feed https://www.scmp.com/news/world/article/1066718/briefs-october-22-2012?utm_source=rss_feed Sun, 21 Oct 2012 16:00:00 +0000 United Energy, the oil and gas company controlled by mainland tycoon Zhang Hongwei and backed by a US$5 billion credit facility from China Development Bank, plans to spend US$200 million this year to develop projects in Pakistan. It aims to boost output at the projects it bought from global energy company BP last year by about 60 per cent in three years, and is seeking to buy more assets in North America, Africa, the Middle East and Asia. The firm has been eyeing several targets in North... https://www.scmp.com/article/1000082/united-energy-plans-us200m-pakistan-splurge?utm_source=rss_feed https://www.scmp.com/article/1000082/united-energy-plans-us200m-pakistan-splurge?utm_source=rss_feed Thu, 03 May 2012 16:00:00 +0000 Mainland marine authorities have ordered the immediate suspension of all oil production at platforms in Penglai 19-3, China's biggest offshore oilfield. The move is to punish its US operator, ConocoPhillips, for failing to meet an official deadline to seal leaks and clean up after a series of spills. The State Oceanic Administration (SOA) released a statement on its website late yesterday saying it had ordered the company to stop all production operations in Bohai Bay, from pressurised water... https://www.scmp.com/article/977944/oilfield-shut-down-punishment?utm_source=rss_feed https://www.scmp.com/article/977944/oilfield-shut-down-punishment?utm_source=rss_feed Fri, 02 Sep 2011 16:00:00 +0000 A coalition of 30 international human rights organisations has warned that a new US$6 billion gas project could worsen the security situation in Papua, the troubled Indonesian region that has recently experienced a rise in tensions. The Tangguh liquefied natural gas project in Bintuni Bay is spearheaded by BP, which owns more than 37 per cent of the operations and claims to have secured contracts with China, South Korea and the US. The fields contain 407 billion cubic metres of gas and... https://www.scmp.com/article/632753/fears-gas-project-will-fuel-tensions-papua?utm_source=rss_feed https://www.scmp.com/article/632753/fears-gas-project-will-fuel-tensions-papua?utm_source=rss_feed Sun, 06 Apr 2008 16:00:00 +0000 China Oilfield Services Ltd (COSL), the nation's largest service provider for oil firms, said the Russian government blocked its planned acquisition in the country. An investor relations manager at COSL, a unit of China National Offshore Oil Corp, said that Moscow late last year rejected its deal to buy a stake in STU, a service unit of TNK-BP, without giving a reason. COSL signed an initial agreement to acquire a majority stake in STU in 2006 and had obtained approval from the mainland... https://www.scmp.com/article/624217/moscow-blocks-cosl-acquisition-proposal?utm_source=rss_feed https://www.scmp.com/article/624217/moscow-blocks-cosl-acquisition-proposal?utm_source=rss_feed Thu, 24 Jan 2008 16:00:00 +0000 A SERIES OF workshops and a debating competion have been organised to promote British Parliamentary (BP) debate among secondary students. Organised by the Hong Kong Parliamentary Debating Society (HKPDS), the week-long training camp began on Monday at the Chinese University of Hong Kong (CUHK). More than 70 students from 29 schools are taking part. The camp was established last year by English-language debaters from the University of Hong Kong (HKU), the Hong Kong Polytechnic University... https://www.scmp.com/article/558296/camp-teaches-debating-british-way?utm_source=rss_feed https://www.scmp.com/article/558296/camp-teaches-debating-british-way?utm_source=rss_feed Thu, 27 Jul 2006 16:00:00 +0000 Cost of meeting new environmental rules likely to be passed on to customers A warning has been sounded that prices for clothes, household goods and other plastic products could rise across the mainland as the petrochemicals sector seeks to comply with new stringent environmental laws. Scores of new projects, including a British Petroleum chemical plant in Zhuhai , face an uncertain future after the State Environmental Protection Agency (Sepa) last week outlined the results of a two-month... https://www.scmp.com/article/544219/green-push-set-spur-mainland-price-rises?utm_source=rss_feed https://www.scmp.com/article/544219/green-push-set-spur-mainland-price-rises?utm_source=rss_feed Sun, 09 Apr 2006 16:00:00 +0000 Black and white is this season's green at Marks & Spencer, which introduced its stores' new look at the opening of its relocated Times Square branch yesterday. In a move away from its familiar green and towards what it calls a 'contemporary black-and-white colour scheme', the UK retailer has begun redecorating its stores in an attempt to bring its customers what it calls 'a refreshed shopping experience'. Another change introduced at the opening was their separate menswear store, which is two... https://www.scmp.com/article/504629/ms-finds-need-new-look-black-and-white-decision?utm_source=rss_feed https://www.scmp.com/article/504629/ms-finds-need-new-look-black-and-white-decision?utm_source=rss_feed Wed, 15 Jun 2005 16:00:00 +0000 Temperatures are dropping, but dressing warmly doesn't have to mean a loss of femininity. By teaming bright checks with bold colours, you'll create a chic but funky winter style. PVC clutch bag ($490) from Kenneth Cole. Vest with lace trim ($117) from Mango. Trousers ($1,299) from Moiselle. Coat ($3,599) from Moiselle. Cardigan ($690) from Ozoc. Miniskirt ($390) from Ozoc. Wide-leg trousers ($650) from Per Una at Marks & Spencer. Cashmere and merino scarf ($275) from Marks &... https://www.scmp.com/article/484790/get-look?utm_source=rss_feed https://www.scmp.com/article/484790/get-look?utm_source=rss_feed Sat, 08 Jan 2005 16:00:00 +0000 YOUR RIGHT NOT TO KNOW Two mainland tycoons, Qiu Yingxin and Zhang Hongwei, continued their negotiations over a disputed stake in Minsheng Bank yesterday, with the Supreme People's Court in Beijing acting as mediator. Court officials, however, were less than impressed by the fourth estate's efforts to find out more. 'We are rushing to process this case. You media should stay out of this for the time being,' was the curt reply of Zhang Buqi, the judge presiding over the case. 'We are studying... https://www.scmp.com/article/445159/lai-see?utm_source=rss_feed https://www.scmp.com/article/445159/lai-see?utm_source=rss_feed Thu, 19 Feb 2004 16:00:00 +0000 Just as Amoco signs disappear from the American landscape, BP has rolled out a nationwide advertising campaign to announce its entrance into the US market. Ubiquitous television commercials feature consumers pontificating about the necessary evil of oil and imploring the industry to exploit cleaner renewable energy sources. The adverts then tout BP's commitment to the concerns raised by these supposedly average, everyday Americans. In print and on billboards, advertisements have attempted to... https://www.scmp.com/article/439700/greening-big-oil-china?utm_source=rss_feed https://www.scmp.com/article/439700/greening-big-oil-china?utm_source=rss_feed Wed, 31 Dec 2003 16:00:00 +0000 CNOOC - China's dominant offshore oil producer - reported a 16 per cent year-on-year rise in revenues to 16.77 billion yuan (about HK$15.8 billion) in the first nine months of the year. However, a 10.3 per cent fall in the realised oil price to US$22.82 per barrel implied a smaller rise in profit. Chief financial officer Mark Qiu Zilei said the company recorded a net profit of more than US$700 million, but did not reveal the exact figure. A year-on-year nine-month profit comparison is not... https://www.scmp.com/article/395555/oil-producers-income-16pc-year-year-profit-growth-slower?utm_source=rss_feed https://www.scmp.com/article/395555/oil-producers-income-16pc-year-year-profit-growth-slower?utm_source=rss_feed Fri, 25 Oct 2002 16:00:00 +0000 Updated at 5.53pm: British Petroleum (BP) confirmed on Friday it will not bid for the west-east pipeline project in the mainland. The company said it did not see that it could make a significant contribution to the project. The announcement came after PetroChina officials said the bid would be closed by the end of the month. PetroChina is building the multi-billion US dollar west-east natural gas pipeline project in China. Analysts have said the 4,200-km pipeline project would be provide... https://www.scmp.com/article/356904/bp-not-bid-pipeline-project?utm_source=rss_feed https://www.scmp.com/article/356904/bp-not-bid-pipeline-project?utm_source=rss_feed Thu, 06 Sep 2001 16:00:00 +0000 BP Amoco yesterday confirmed it had been picked as the foreign partner in China's first liquefied natural gas (LNG) terminal. The US$600 million LNG project involves building a terminal in Shenzhen capable of re-gassification of three million tonnes of imported LNG a year. The first phase, due on stream in 2006, also requires 300 kilometres of associated pipelines built to supply gas to the booming Guangdong region. The British-based oil giant will have a 30 per cent stake in the... https://www.scmp.com/article/342026/bp-amoco-confirms-role-pioneer-us600m-shenzhen-project?utm_source=rss_feed https://www.scmp.com/article/342026/bp-amoco-confirms-role-pioneer-us600m-shenzhen-project?utm_source=rss_feed Tue, 20 Mar 2001 16:00:00 +0000 Teheran (December 21): Dr Mussadiq, a veteran Persian statesman and a former Prime Minister, with eight followers, has revived the ancient tradition of taking sanctuary in the compound of the Majlis (Persian Parliament). Dr Mussadiq leads the Opposition to the Government-supported ratification of a supplementary oil agreement made with the Anglo-Iranian Oil Company Limited. His friends here said to-day that Dr Mussadiq and his followers last night took sanctuary in the Majlis compound for... https://www.scmp.com/article/335011/pricey-gifts?utm_source=rss_feed https://www.scmp.com/article/335011/pricey-gifts?utm_source=rss_feed Sat, 23 Dec 2000 16:00:00 +0000 BP Amoco is willing to take a stake in the planned initial public offering (IPO) of Sinopec, the mainland's second-largest oil company. 'Buying a stake could be a way of enhancing our presence in China,' a spokesman for the Britain-based oil, gas and petrochemical company said yesterday. However, details of the IPO - which have yet to be disclosed - would need to be analysed before BP Amoco could decide on the scale of commitment, the spokesman said. 'While the details of the IPO have not yet... https://www.scmp.com/article/319582/bp-amoco-eyes-sinopec-stake?utm_source=rss_feed https://www.scmp.com/article/319582/bp-amoco-eyes-sinopec-stake?utm_source=rss_feed Thu, 22 Jun 2000 16:00:00 +0000 London: BP Amoco, the world's third-largest publicly traded oil company, won United States antitrust approval for its US$33 billion Atlantic Richfield Co (Arco) takeover after agreeing to sell Arco's prized stakes in Alaskan oilfields. BP relented last month and agreed to transfer the holdings to Phillips Petroleum for US$7 billion, shedding Arco's biggest asset and losing the chance to combine the two companies' interests in Alaska. The Federal Trade Commission had sued to block the merger,... https://www.scmp.com/article/314055/bp-amocos-us33b-takeover-arco-gets-official-approval?utm_source=rss_feed https://www.scmp.com/article/314055/bp-amocos-us33b-takeover-arco-gets-official-approval?utm_source=rss_feed Fri, 14 Apr 2000 16:00:00 +0000 Washington: BP Amoco agreed to pay US$32 million to resolve claims it underpaid royalties to the US Government for oil extracted from federal and American Indian land since 1988, the Justice Department said. The settlement is part of a US$223 million December agreement that BP and 17 other oil producers reached with the government and several Indian tribes. Conoco agreed to pay US$26 million, Chevron US$95 million, Exxon Mobil US$45 million and Occidental Petroleum US$7.3 million. https://www.scmp.com/article/313799/bp-amoco-settles-us-oil-royalties-case-us32m?utm_source=rss_feed https://www.scmp.com/article/313799/bp-amoco-settles-us-oil-royalties-case-us32m?utm_source=rss_feed Wed, 12 Apr 2000 16:00:00 +0000 Prime Minister Phan Van Khai has approved the feasibility study for the construction of the Nam Con Son gas pipeline, which government sources say clears the way for the start of the US$1.5 billion project. The green light for the pipeline has been described as the most positive indication to date that the long delayed project will finally go ahead. 'We will open bidding for the pipeline [soon] and hope that process will be completed by June, allowing us to start work on the project,' said... https://www.scmp.com/article/312761/delayed-gas-project-gets-nod-pm?utm_source=rss_feed https://www.scmp.com/article/312761/delayed-gas-project-gets-nod-pm?utm_source=rss_feed Sun, 02 Apr 2000 16:00:00 +0000 The much-delayed US$1.5 billion Nam Con Son gas project took a big step towards realisation last week with the opening of tenders for the provision of offshore facilities. Hanoi has given the green light to project leader BP Amoco to call for bids for the supply of under-water equipment and for the construction of offshore platforms, according to the Vietnam Investment Review. Steve Walker, the president and director-general of BP Amoco in Vietnam, said the move was a significant step... https://www.scmp.com/article/311403/tender-move-lifts-hopes-bp-amocos-key-gas-project?utm_source=rss_feed https://www.scmp.com/article/311403/tender-move-lifts-hopes-bp-amocos-key-gas-project?utm_source=rss_feed Sun, 19 Mar 2000 16:00:00 +0000 German chemicals group BASF signed a long-awaited agreement yesterday to submit a feasibility study for the development of a US$3.1 billion (HK$23.9 billion) petrochemical plant in Nanjing. The deal is a key phase in the eventual establishment of a plant producing 600,000 tonnes per year of ethylene. The project is being undertaken through a joint venture with China Petrochemical Corporation, and follows a landmark deal last month to allow BP Amoco to conduct a feasibility study into a... https://www.scmp.com/article/298737/basf-investment-china?utm_source=rss_feed https://www.scmp.com/article/298737/basf-investment-china?utm_source=rss_feed Thu, 04 Nov 1999 16:00:00 +0000