BP share price
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Executive: No guarantee BP would help pay subsidiary's fines 27th January 2015 - 23:12
NEW ORLEANS (AP) — An executive for the BP subsidiary that faces billions of dollars in possible fines for the 2010 Gulf of Mexico oil spill testified Tuesday that it is uncertain whether other BP entities would step in to help pay a steep penalty.
BP cuts 255 jobs in Azerbaijan, remains committed to region 27th January 2015 - 17:03
British oil major BP said on Tuesday it had cut 255 jobs, or around 8 percent of its workforce in Azerbaijan as it trims costs in response to the "challenging market environment". Crude prices have more than halved since June to below $50 per barrel, and oil majors have been cutting capital and operating expenditures as crude prices more than halved since June. BP announced in December a $1 ...
BP executive takes stand in Gulf oil spill penalty trial 27th January 2015 - 16:03
A BP executive has taken the stand as lawyers for the oil giant make their case for a federal Clean Water Act penalty well under the $13.7 billion maximum for the 2010 Gulf oil spill. Richard Morrison, ...