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BP reported a larger-than-expected drop in first quarter profit as production fell after it was forced to sell oil fields in order to pay for the Gulf of Mexico oil spill. Net income at Europe's second-largest oil major fell to $5.9bn in the first
Earlier this month BP agreed in principle to pay a further $8 billion in compensation over the 2010 Gulf of Mexico disaster, which claimed 11 lives and led to nearly 5 million barrels of oil being spilled into the sea off the United States coast.
BP PLC reported Tuesday that third-quarter profits more than doubled thanks to higher oil prices, with the chief executive saying the results marked a turnaround from the disastrous Gulf of Mexico oil spill. BP also announced
Oil giant BP reaches 'turning point' The company said the past year had been "unprecedented in its challenges" Oil giant BP has announced a big rise in third-quarter profits and says it has reached a "turning point" for its oil and gas operations and
An investigation carried out by American oil drilling company Hess, which has lodged an application to drill a deep water well to the west of the island, revealed that a spill could last as long as ten weeks...Without intervention, Cambo 4 would flow
The commission could influence parallel probes being carried out by the department of justice, the Chemical Safety Board and safety regulator the EPA. It is thought that BP will not be briefed in advance of next Tuesday's findings, which will mark
Ore. (AP) — Environmentalists who are challenging plans to drill for oil in the Arctic Ocean say the Gulf of Mexico disaster shows why offshore exploration should be banned in Alaska. A coalition of conservation groups have