Sunday, March 25, 2018

Bp Plc News

BP U.S. Oil Spill Lawsuit Wins Class-Action Status

A U.S. judge has allowed a group of BP Plc shareholders to pursue a class-action lawsuit accusing the company of misleading them by understating the severity of the 2010 Gulf of Mexico oil spill. U.S.

Record-size US Offshore Oil Lease Sale Draws Modest Bidding

© Mike Mareen / Adobe Stock

Oil and gas drillers bid modestly on Gulf of Mexico acreage in the largest lease sale in American history on Wednesday, dealing a setback to the Trump administration's efforts to rapidly pump up investment in the region.

BP to Get Permission to Set Up Fuel Stations in India

India has decided to permit European oil major BP Plc to set up 3,500 fuel stations in the country, an oil ministry spokesman told Reuters on Thursday. The ministry will shortly issue a letter to BP's Indian unit…

Sinopec Studying BP's SECCO JV Exit Plan

State-owned China Petroleum & Chemical Corp (Sinopec) is currently discussing the conditions put forward by British oil and gas major BP plc for its planned exit from their SECCO petrochemicals joint venture…

Apache Hires Former BP Exec Riney as CFO

Apache Corp on Thursday named Stephen Riney, a former executive with BP Plc, as its chief financial officer. The announcement comes two days after the Houston-based oil and gas…

Petrobras, BP Discuss Areas for Strategic Partnership

Petróleo Brasileiro SA has begun talks with BP Plc to form a strategic partnership, the Brazilian state-controlled oil company said in a securities filing on Tuesday. Petrobras…

Kinder Morgan Buys Some U.S. Terminals From BP

Pipeline company Kinder Morgan Inc said it would buy 15 refined products terminals in the United States from a unit of BP Plc in a deal valued at about $350 million. Kinder Morgan…

BP Doubles North Sea Gas Stake

Oil major BP Plc said it doubled its stake in the Culzean gas field in the UK's North Sea after buying an additional 16 percent interest from partner JX Nippon. Culzean, operated by Denmark's A.P.

Oil, Gas Majors Call for Carbon Pricing

With this unprecedented joint initiative, the companies recognize both the importance of the climate challenge and the importance of energy to human life and well-being. (Photo Harald Pettersen)

Major oil and gas companies, BG Group plc, BP plc, Eni S.p.A., Royal Dutch Shell plc, Statoil ASA and Total SA, today announced their call to governments around the world and to…

Ex-BP Boss Hayward could Stay Glencore Chair

Glencore Xstrata Plc's interim chairman, former BP Plc chief executive Tony Hayward, is in the running to take the job permanently, the Wall Street Journal reported on Friday, citing people familiar with the situation.

BP Completes Indiana Refinery Reformer Startup

BP Plc has finished restarting a 60,000 barrels-per-day (bpd) catalytic reformer at its 413,500 bpd refinery in Whiting, Indiana, a source familiar with refinery operations said on Tuesday.

BP Exploring Sale of Alabama Petrochemical Plant

BP Plc said it was exploring the sale of a petrochemical plant in Decatur, Alabama as part of a restructuring of its petrochemicals business. The company, which announced a third…

U.S. to Announce Resolution Over 2010 BP Oil Spill

The United States on Monday will announce its resolution of federal and state claims against BP PLC over the 2010 Deepwater Horizon Oil Spill, the U.S. Attorney General Loretta…

U.S. Settles 2010 BP Spill Claims for $20 bln

The U.S. Justice Department on Monday said it settled its claims against oil company BP PLC for more than $20 billion. The 2010 rig explosion on April 20, 2010, the worst offshore oil disaster in U.S.

BP Unlikely to Invest in Saudi Aramco IPO

Bob Dudley (Photo: BP)

Oil major BP Plc is unlikely to invest in Saudi Aramco's IPO, Chief Executive Bob Dudley told reporters at the St Petersburg International Economic Forum on Thursday. "It's unlikely…

Kinder Morgan, BP form Fuel Storage JV

Kinder Morgan to buy 15 terminals in $350 mln deal. BP Plc will sell 15 fuel storage terminals in the United States to pipeline company Kinder Morgan Inc in a $350 million deal…

BP Shed Partial Stake in Castrol India

Oil major BP Plc sold part of the stake its unit Castrol Ltd holds in Castrol India Ltd, but said it would remain a majority shareholder in the company. The company said it sold…

Sunrise Oil Sands Operations Are Back to Normal

Husky Energy 's Sunrise oil sands operations in northern Alberta are back to normal after the project shut down last month because of wildfires in the region, a company spokesman said on Thursday.

BP's US Gulf Platforms, Texas Chemical Plant Remain Online

BP Plc said on Monday that its offshore oil platforms in the U.S. Gulf of Mexico and its Texas City chemical plant remain online during Tropical Storm Harvey. The company is closing its U.S.

U.S. Supreme Court Rejects BP, Anadarko Over Deepwater Horizon Spill Penalties

The U.S. Supreme Court on Monday rejected bids by BP Plc and Anadarko Petroleum Corp to avoid penalties under federal pollution law in connection with the 2010 Gulf of Mexico oil spill.