BP is facing $18 billion in penalties stemming from the 2010 oil spill.
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Posted on November 6, 2014 at 10:02 am by Robert Grattan in
Crude oil,
Deals,
featured,
General,
Pipelines |
The pipeline is a major artery for the basin with a capacity of 300,000 barrels per day of crude.
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Posted on November 5, 2014 at 3:28 pm by Craig Hlavaty in
Accidents,
Gulf oil spill |
The movie based on the BP Deepwater Horizon oil disaster starring Mark Wahlberg is set for release Sept. 30, 2016.
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Houston-based drilling rig contractor Hercules Offshore has told Texas regulators it will lay off 324 employees as it shuts down four rigs in the Gulf of Mexico.
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Posted on October 29, 2014 at 11:15 am by Bloomberg in
Corporate governance,
Crude oil,
Europe |
Statoil ASA, Norway’s biggest energy company, reported its first quarterly loss since listing in 2001 after writing down the value of an oil-sands project in Canada and struggling with plunging crude prices.
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Posted on October 29, 2014 at 7:27 am by Bloomberg in
Crude oil,
Markets |
Higher prices will be back soon enough because the current slowdown in demand growth will prove fleeting, many in the market are saying.
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Posted on October 28, 2014 at 5:50 pm by Ryan Holeywell in
Crude oil,
Gulf of Mexico |
The announcement comes at a time when many observers have questioned what sliding oil prices will mean for the future of the oil industry.
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Posted on October 28, 2014 at 7:25 am by Collin Eaton in
Crude oil,
Europe,
featured,
Finance/Earnings |
The Big Oil industry’s prized projects won’t face major cuts unless oil prices fall below $70 a barrel, BP’s chief financial officer told investors on Tuesday.
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Posted on October 27, 2014 at 2:38 pm by Jennifer A. Dlouhy in
Environment,
featured,
General |
New research is shedding more light on the fate of the crude that gushed out of BP’s failed Macondo well in 2010.
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That evidence played prominently in the judge’s finding that BP, owner of the Macondo well, was grossly negligent, a ruling that raises the stakes for the oil major
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Posted on October 23, 2014 at 9:43 am by Collin Eaton in
Crude oil,
featured,
Gulf of Mexico,
Offshore
Chevron and BP report an oil discovery in one of the deepest regions the industry has taken on in the Gulf of Mexico.
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The next generation of tools designed to help energy companies process oil and gas deep under the oceans could follow uniform industry designs, FMC Technologies CEO John Gremp said.
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