A federal jury Friday awarded more than $100 million to 10 workers who claimed they were injured in 2007 when a toxic substance was released at BP PLC's Texas City plant.
The Occupational Safety and Health Administration on Friday imposed a record $87 million fine against oil giant BP PLC for failing to correct safety hazards after a 2005 explosion killed 15 workers at its Texas City refinery.
TNK-BP, Russia's third-largest oil company, said Tuesday its third quarter net profit rose 34 percent compared with the previous three months due to higher crude prices and gains on the sale of a unit.
BP PLC, Europe's second-largest oil company, reported higher than expected profits in the third quarter though earnings were depressed by the sharp fall in oil and gas prices in the past year.
Federal officials ordered Indiana on Monday to rewrite an air permit for BP PLC's Whiting refinery, concluding the state may not have fully assessed all the new emissions a big expansion of the refinery will produce.
Oil giant BP PLC is requesting more time to implement required safety improvements at its Texas City refinery where a 2005 explosion left 15 people dead, the U.S. agency responsible for worker safety said Wednesday.
An oil field review starting with a state inspector questioning the size of spill containment facilities on Alaska's North Slope has resulted in a hefty civil payment for a subsidiary of BP PLC.
Sempra Generation, a subsidiary of Sempra Energy, said Friday it has become an equal partner with BP Wind Energy, a wholly owned subsidiary of BP PLC, in developing a wind farm in Indiana.
Air BP, a division of BP Products North America Inc., received a $112.1 million contract from the Defense Logistics Agency for fuel, the Pentagon said late Thursday.
Tata Consultancy Services, a unit of India's Tata Group conglomerate, said Thursday it was selected as a strategic information technology vendor for BP PLC, one of the world's biggest oil and gas companies.
BP PLC, Europe's second largest oil company, said Tuesday that lower world oil prices drove second-quarter profit down by 53 percent compared with a year earlier and that it saw little sign of growing demand in the months ahead.
BP Products North America Inc. has agreed to a court order forcing the petrochemical giant to end what state officials say are illegal emissions at its Texas City refinery.
Oil major BP Group PLC surprised the industry by revealing Thursday it has selected current L.M. Ericsson chief executive Carl-Henric Svanberg as its new chairman, ending a two-year hunt to fill the position.
BP Products North America Inc. is being sued by Texas authorities who accuse the petrochemical giant of 46 pollution violations at its Texas City refinery — including one tied to an explosion that killed 15 workers and injured 170 others four years ago.
BP PLC, the second-largest European oil company, said Tuesday that it returned to profit in the first quarter, beating analysts' forecasts by earning $2.56 billion as oil prices recovered modestly and the company's refining and marketing business bounced back.
Separate state and federal civil lawsuits were filed Tuesday against BP Exploration (Alaska) Inc. over two spills at the nation's largest oil field in 2006.
A federal judge approves a highly criticized plea deal that fines BP PLC $50 million for its criminal role in a deadly 2005 blast at its refinery near Houston that killed 15 people.
The international energy giant BP has agreed to pay almost $180 million to settle a pollution case with the government.
BP PLC, the second-largest European oil company, said Tuesday it swung to a steep loss of $3.3 billion during the fourth quarter of 2008 as sliding oil prices hit revenues hard.
BP PLC said Thursday that shareholders in its Russian joint venture TNK-BP have agreed to appoint three independent directors, including former German chancellor Gerhard Schroeder, to its restructured board to avoid the risk of deadlock.
Anglo-Russian oil major TNK-BP said Thursday it will slash investment by $1.1 billion next year as plunging oil prices force big producers to review their spending plans.
Greece's Competition Commission says it has fined the local units of oil giants BP PLC and Royal Dutch Shell PLC a total of nearly euro50 million ($64 million) for allegedly cooperating on pricing practices.
British oil company BP PLC reported a huge 83-percent rise in third-quarter net profit Tuesday on the back of surging energy prices between July and September.
BP PLC and its billionaire Russian partners in the joint venture TNK-BP have agreed on a deal that forces out its embattled CEO and signals an end to a bitter struggle for control of the Russian-British company, officials said Thursday.
British oil company BP PLC said Tuesday that its U.S. unit plans to buy a 25 percent stake in Chesapeake Energy Corp.'s Fayetteville Shale assets in Arkansas for US$1.9 billion.
Reuters reported that Libya has enough companies exploring for oil and will not hold any licensing rounds for at least a year as it waits for demand prospects to improve, the OPEC member's top oil official said on Thursday. "Our effort now is to develop what we have, rather than …
There are a lot of commercials on TV and many of them are fairly innocuous. Some are good, some are bad and some just float by un-noticed (which means they were, in a sense, failures), all according to your taste.
5-year-old Labrador, who has been working at the BP station at US 19 and Nursery in Clearwater, is about to lose his job. He's not on the payroll but does have his own work shirt and name tag.
The sequence of events happens dozens of times every day at the BP gas station/convenience store at U.S. 19 at Nursery Road. An unsuspecting customer pulls up to the drive-through window.
Remember back in 2001 when BP went "Beyond Petroleum"? It was a brilliant marketing campaign, but it had less to do with changing the company's business model than positioning Lord John Browne as the Teflon oil executive.
it probably holds more than the 3.0 billion barrels of oil equivalent,
What does it profit a government that it loses its soul but gains cheap oil?
EXCERPT: BP appears to be back pedaling on its vaunted commitment to alternative energy, renewing old skepticism about what the company formerly known as British Petroleum really stands for. BP recently shuttered its alternative energy headquarters in London and plans to slash i …
* Foreign firms re-assess prospects * Initial results disappoint * Libya focuses on renegotiating old contracts
A report drawn up by Corporate Europe Observatory and ecology organisation Platform claims the British company has positioned itself at the centre of EU energy policy, building high-level contacts and persuading commissioners, officials and government ministers of a "shared agend …
Noel Espinosa e-mailed us about some bad gas he says he bought from a Richland County gas station.
BP is keen to play up its investment in alternative energy with images of wind turbines and plants. But no amount of clever advertising can hide the fact that its billions of pounds of profit and investment is still all about fossil fuels.
The Iraqi government put 40 billion barrels of oil reserves up for sale this week and entered talks with ExxonMobil, BP, and Shell over developing eight oil fields representing forty percent of Iraq's reserves.
. As for Governor Palin and the state, they seem to be making new friends. Sinopec, one of China's state oil companies, has emerged as one of the contenders in the bidding for the pipeline.
"I'm glad the Iraqis heard our plea that to do this now would be bad for Iraq and bad for Iraqi-American relations," Senator Schumer said in a telephone interview on Wednesday. "It's a good first step.
Governor Sarah Palin has requested a conference call this week with the CEO's of the major oil companies playing a role in the potential development of Alaska's natural gas pipeline.
Information I didn't want to read. Except not. Far from it. Her detractors from the right call her the "Hugo Chavez" of Alaska and "Alaska's Glam Tax & Spend Governor." Big Oil's pawn? In some ways she's Big Oil's worst nightmare.
The brawl between BP and the Russians will enter a new phase on September 25. With billions at stake, what will it be like and how will the West react?
Energy giant BP says it has shut two of three pipelines that run through Georgia as a precautionary measure.
British energy giant BP said Aug. 12 that it has closed two more oil and gas pipelines in the former Soviet Republic of Georgia because of the ongoing conflict with Russia.
It seems that BP is trying to make up for lost time — the worldwide oil giant has invested $90 million in cellulosic ethanol company, Verenium. This is BP's first foray into the world of cellulosic ethanol (ethanol derived from non-food crops), and man is it a gigantic one.
Here's another thread in the federal corruption case against Sen. Ted Stevens of Alaska. The company tied to Stevens, Alaska oilfield servicer VECO, also did a lot of political dirt in the state Legislature. Its top execs pleaded guilty last year to bribery and corruption charges.
MOSCOW: For all its effort to retain an equal share in a Russian joint venture here, BP seems to be edging ever closer to losing control.
After backing down from approving the Whiting, Indiana BP refinery expansion in 2007, the Indiana Department of Environmental Management has backed down and rubber stamped yet another permit for a facility that would allow increases in carbon dioxide and other emissions above the …
Shell's "energy scenarios" see fossil fuels remaining a huge part of the energy mix to 2050. But are they realistic? And if Shell is right, what does it mean for the planet's future?