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.
Study finds that two million barrels from Deepwater Horizon spread over huge area
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.
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.
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.
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.
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.
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 and another 12.84 per cent share in the state energy giant.