BP News

Post-Disaster, BP Stakes Future on Deepwater Despite Surging Shale

About 300 BP workers commute 150 miles by helicopter from the Louisiana coast to a deep-sea drilling platform in the Gulf of Mexico that can produce more oil in a day than a West Texas rig can pump in a …

Oil & Gas Industry Faces More Frequent & Sophisticated Cyber Attacks: Deloitte

Three out of four oil and natural gas companies fell victim to at least one cyber attack last year as hacking efforts against the industry become more frequent and sophisticated. That’s the finding from a report released Monday by industry …

Trump Hands Climate Leadership Role to China to Dismay of Global Leaders

President Donald Trump’s decision to isolate the U.S. on climate change triggered waves of complaints from government and business leaders around the world and handed China a golden opportunity to burnish its image as a global leader. Trump’s withdrawal from …

House Balks at Senate Plan for Mississippi Oil Spill Damage Account

Mississippi lawmakers may be unable to decide this year how to spend $750 million in oil spill damage payments, with sniping between House and Senate members after a bill died at a Tuesday deadline for action when the House Appropriations …

Fierce North Sea Storm Forces Oil Rig Evacuations; Worker Killed

A fierce storm in the North Sea forced oil firms to evacuate platforms and shut down production on Thursday on concerns that they could be hit by a drifting barge that had broken its anchor. The strong winds had ripped …

Liberty Insurance Must Pay Attorneys’ Fees in Gulf Oil Spill Case

A federal appeals court has ruled against an insurer in its quest to avoid paying attorneys’ fees in litigation stemming from 2010’s Deepwater Horizon oil spill. The U.S. Court of Appeals for the 5th Circuit in New Orleans found hollow …

Mississippi City Settles Oil Spill Claims with BP for $4.9M

The city of Biloxi, Miss., is accepting $4.9 million from BP as part of a group settlement of local government claims for economic losses caused by the 2010 BP oil spill in the Gulf of Mexico. Last week, BP and …

Ohio Sues BP for $33M Over Tank Leak Cleanup Costs

BP Plc double dipped by taking a total of more than $33 million from an Ohio compensation fund and insurers to clean up leaks from underground storage tanks, according to the state’s attorney general. Attorney General Mike DeWine and Ohio’s …

Trial Over, Judge to Decide Extent of BP’s Penalties for Gulf Oil Spill

The latest phase of a trial to determine how much BP should pay in Clean Water Act penalties for the 2010 Gulf of Mexico oil spill — which could reach $13.7 billion — ended on Feb. 2, but a decision …

Federal Appeals Court Reaffirms BP’s Liability in Gulf Oil Spill

A federal appeals court panel has reaffirmed its ruling that BP is liable for federal Clean Water Act damages stemming from the 2010 Gulf of Mexico oil spill, the latest loss for the oil giant as it fights court decisions …