BP http://www.globalpost.com/taxonomy/term/23109/all en UPDATE 5-Transocean to pay $1.4 bln for role in BP oil spill http://www.globalpost.com/dispatch/news/thomson-reuters/130103/update-5-transocean-pay-14-bln-role-bp-oil-spill <p>* Transocean owned doomed rig in 2010 Macondo disaster * Payment less than company set aside, shares jump 6.4 pct * Settlement still to be reached with plaintiffs * Halliburton still to settle with DoJ; its shares up 1.7 pct By David Ingram WASHINGTON, Jan 3 (Reuters) - Offshore rig contractor Transocean Ltd has agreed to pay $1.4 billion to settle U.S. government charges arising from BP Plc's massive oil spill in the Gulf of <a href="http://www.globalpost.com/internal/section-config/mexico">Mexico</a> in 2010. The settlement unveiled on Thursday by the U.S.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130103/update-5-transocean-pay-14-bln-role-bp-oil-spill" target="_blank">read more</a></p> BP BP Plc Business Business Relation Companies listed on the New York Stock Exchange Deepwater Horizon Deepwater Horizon oil spill Disaster DoJ Economy of the United States Environment Gulf of Mexico Gulf of Mexico Gulf of Mexico Halliburton Halliburton Macondo Macondo Prospect Man Made Disaster oil Person Career Petroleum Quotation Transocean Transocean Ltd USD Thomson Reuters Fri, 04 Jan 2013 04:15:13 +0000 5731092 at http://www.globalpost.com Britain's FTSE sets highest closing level in nearly 2 years http://www.globalpost.com/dispatch/news/thomson-reuters/130104/britains-ftse-sets-highest-closing-level-nearly-2-years <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <p>* FTSE 100 adds 0.7 percent</p> <p>* Index rallies on U.S. jobs report after slow start</p> <p>* Concerns of early end to Fed monetary easing subside</p> <p>* BP leads gainers after Transocean settlement</p> <p>By Alistair Smout</p> <p>LONDON, Jan 4 (Reuters) - Britain's top shares registered their highest closing level for nearly two years on Friday, taking a cue from U.S. jobs data which suggested a broad-based labour market recovery.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130104/britains-ftse-sets-highest-closing-level-nearly-2-years" target="_blank">read more</a></p> BP Disaster Economics Federal Reserve System Macroeconomics Man Made Disaster Monetary policy Person Career Quantitative easing Quotation Transocean Unemployment Thomson Reuters Fri, 04 Jan 2013 17:56:58 +0000 5731153 at http://www.globalpost.com BP says Algerian field shut after attack http://www.globalpost.com/dispatch/news/thomson-reuters/130116/bp-says-algerian-field-shut-after-attack <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Jan 16 (Reuters) - Oil major BP said on Wednesday it believed the In Amenas gas field in Algeria was currently shut following an attack by Islamist militants.</p> <p>The company said the field had been producing around 9 billion cubic metres of gas a year (160,000 barrels of oil equivalent per day), or over a tenth of the country's overall gas output. It also normally extracts some 60,000 barrels per day of condensate.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130116/bp-says-algerian-field-shut-after-attack" target="_blank">read more</a></p> BP BP International business Sonatrach War Thomson Reuters Wed, 16 Jan 2013 19:24:24 +0000 5735156 at http://www.globalpost.com UPDATE 6-US Interior chief Salazar to step down; Obama remakes energy team http://www.globalpost.com/dispatch/news/thomson-reuters/130116/update-4-us-interior-secretary-salazar-plans-step-down <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Would be second of Obama's energy team to depart</p> <p>* Known for signature bolo tie and cowboy hat</p> <p>* "Fracking" regulations among issues facing next chief</p> <p>By Ayesha Rascoe</p> <p>WASHINGTON, Jan 16 (Reuters) - U.S. Interior Secretary Ken Salazar, who helped lead the government's response to the largest offshore oil spill in U.S. history, said on Wednesday he will leave his post by the end of March to return to his Colorado ranch.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130116/update-4-us-interior-secretary-salazar-plans-step-down" target="_blank">read more</a></p> BP Business Deepwater Horizon oil spill Disaster Ken Salazar Labor Law Petroleum Politics Technology United States Thomson Reuters Wed, 16 Jan 2013 19:23:39 +0000 5735138 at http://www.globalpost.com BP says hundreds of oil workers evacuated from Algeria http://www.globalpost.com/dispatch/news/thomson-reuters/130118/bp-says-hundreds-oil-workers-evacuated-algeria <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Jan 18 (Reuters) - Hundreds of workers from international oil companies have been evacuated from Algeria on Thursday and many more will follow, BP said on Friday following the al-Qaeda-linked attack on a major gas facility.</p> <p>"Three flights left Algeria yesterday, carrying a total of eleven BP employees alongside several hundred staff from other companies," BP said in a statement.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130118/bp-says-hundreds-oil-workers-evacuated-algeria" target="_blank">read more</a></p> BP BP Business Companies listed on the New York Stock Exchange Economy of Alaska Labor Law Thomson Reuters Fri, 18 Jan 2013 11:30:45 +0000 5736066 at http://www.globalpost.com White House says in 'constant contact' with Algeria on hostages http://www.globalpost.com/dispatch/news/thomson-reuters/130118/blank-headline-received-14 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>WASHINGTON, Jan 18 (Reuters) - U.S. President Barack Obama is receiving regular updates on the situation at an Algerian gas plant, where about 60 foreigners were being held hostage or missing, a White House spokesman said on Friday.</p> <p>"We are in constant contact with the government of Algeria and have been clear that our first priority is the safety and security of the hostages," Tommy Vietor, a spokesman for the White House National Security Council, said in a statement.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130118/blank-headline-received-14" target="_blank">read more</a></p> Barack Obama BP Business Entertainment Environment Health Politics Thomson Reuters Fri, 18 Jan 2013 15:45:33 +0000 5736189 at http://www.globalpost.com BP says four of its 18 Algeria gas plant staff still missing http://www.globalpost.com/dispatch/news/thomson-reuters/130119/blank-headline-received-8 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Jan 19 (Reuters) - BP said on Saturday 14 of its 18 staff at the In Amenas plant were safe, including Mark Cobb, the American manager of its Algerian joint venture, after the plant was taking over by al Qaeda-linked fighters three days ago.</p> <p>BP Chief Executive Bob Dudley told reporters the fate of four of its staff at the desert gas plant was still unknown.</p> <p>Two of the 14 staff who were safe had suffered injuries but these were not life threatening, he said.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130119/blank-headline-received-8" target="_blank">read more</a></p> BP Deepwater Horizon oil spill Disaster War Thomson Reuters Sat, 19 Jan 2013 17:00:47 +0000 5736630 at http://www.globalpost.com UPDATE 1-Four of BP's 18 Algeria gas plant staff still missing http://www.globalpost.com/dispatch/news/thomson-reuters/130119/update-1-four-bps-18-algeria-gas-plant-staff-still-missing <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Estelle Shirbon</p> <p>LONDON, Jan 19 (Reuters) - BP said on Saturday that 14 of its 18 employees at the In Amenas plant in Algeria were safe but the fate of the remaining four remained unknown as the hostage crisis there was drawing to a close.</p> <p>"While not confirmed, tragically we have grave fears that we are likely to have suffered one or more casualties," said Bob Dudley, chief executive of the oil and gas giant, during a conference call with reporters.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130119/update-1-four-bps-18-algeria-gas-plant-staff-still-missing" target="_blank">read more</a></p> Bob Dudley BP Business Companies listed on the New York Stock Exchange Deepwater Horizon oil spill Disaster Labor Law Social Issues War Thomson Reuters Sat, 19 Jan 2013 18:30:13 +0000 5736663 at http://www.globalpost.com Azerbaijan extends Shah Deniz gas deal to 2036 http://www.globalpost.com/dispatch/news/thomson-reuters/130125/azerbaijan-extends-shah-deniz-gas-deal-2036 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Dmitry Zhdannikov</p> <p>DAVOS, Switzerland, Jan 25 (Reuters) - Azerbaijan has extended the production sharing agreement (PSA) behind the Shah Deniz gas project for an extra five years, a top official said on Friday, in a signal of improving relations with the operator, Britain's BP.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130125/azerbaijan-extends-shah-deniz-gas-deal-2036" target="_blank">read more</a></p> Asia BP Caspian Sea Thomson Reuters Fri, 25 Jan 2013 16:45:03 +0000 5739472 at http://www.globalpost.com (Blank Headline Received) http://www.globalpost.com/dispatch/news/thomson-reuters/130129/blank-headline-received-9 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>RPT-U.S. JUDGE APPROVES BP'S $4.5 BLN CRIMINAL SETTLEMENT WITH U.S. GOVT - COURT OFFICIAL</p> BP Thomson Reuters Tue, 29 Jan 2013 19:00:31 +0000 5741154 at http://www.globalpost.com U.S. judge approves BP agreement for Gulf oil spill http://www.globalpost.com/dispatch/news/thomson-reuters/130129/us-judge-approves-bp-agreement-gulf-oil-spill <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>Jan 29 (Reuters) - A U.S. judge has accepted an agreement by BP Plc to plead guilty for its role in the Deepwater Horizon disaster and pay $4.5 billion in penalties for the worst offshore oil spill in U.S. history.</p> <p>The April 2010 explosion on a rig in the Gulf of Mexico killed 11 workers. The mile-deep (1.6 km) Macondo oil well then spewed 4.9 million barrels of oil into the Gulf over 87 days, fouling shorelines from Texas to Florida.</p> <p>"The judge has accepted the plea," a court official said on Tuesday.</p> BP Deepwater Horizon oil spill Disaster Watercraft Thomson Reuters Tue, 29 Jan 2013 19:00:51 +0000 5741160 at http://www.globalpost.com UPDATE 3-US judge okays BP plea, $4 bln penalty in Gulf oil spill http://www.globalpost.com/dispatch/news/thomson-reuters/130129/update-1-us-judge-approves-bp-agreement-gulf-oil-spill <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* BP still faces civil penalties and state claims</p> <p>* BP has 60 days to submit remedial plan to U.S. authorities</p> <p>* US banned BP from new drilling deals, old leases unaffected</p> <p>Jan 29 (Reuters) - A U.S. judge accepted an agreement by BP Plc to plead guilty for its role in the Deepwater Horizon disaster and pay a record $4 billion in criminal penalties for the worst offshore oil spill in U.S. history.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130129/update-1-us-judge-approves-bp-agreement-gulf-oil-spill" target="_blank">read more</a></p> BP BP Plc Companies listed on the New York Stock Exchange Deepwater Horizon oil spill Disaster Petroleum Watercraft Thomson Reuters Tue, 29 Jan 2013 19:15:51 +0000 5741169 at http://www.globalpost.com URGENT ¥¥¥ Russian oil giant Rosneft posts record 2012 profit http://www.globalpost.com/dispatch/news/afp/130201/urgent-russian-oil-giant-rosneft-posts-record-2012-profit <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Russia's state oil giant Rosneft on Friday posted a record 2012 profit of $11.4 billion thanks to rising crude production and a sharp year-on-year jump in its output of natural gas.</p> <p>The stellar results for Russia's largest oil company capped a year in which it agreed to take control of the country's number four producer TNK-BP and established a lucrative joint venture with the gas exploration firm Itera.</p> <p>zak/sjw/rl</p> BP Energy oil TNK-BP AFP Fri, 01 Feb 2013 12:45:39 +0000 5742941 at http://www.globalpost.com Traders await BP results, Bank of England decision http://www.globalpost.com/dispatch/news/afp/130201/traders-await-bp-results-bank-england-decision <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>London investors will next week focus on the latest results from blue-chip heavyweights including BP and GlaxoSmithKline, as well as the Bank of England's latest monetary policy meeting.</p> <p>London's benchmark FTSE 100 index of top companies finished at 6,347.24 points on Friday, up almost 1 percent from a week earlier.</p> <p>On the corporate results front, British energy giant BP will publish annual results on Tuesday, as the group continues to grapple with fallout from the 2010 oil spill disaster. It agreed to a US payout of $4 billion on Tuesday.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130201/traders-await-bp-results-bank-england-decision" target="_blank">read more</a></p> BP Companies listed on the New York Stock Exchange Disaster Economy of Alaska War AFP Fri, 01 Feb 2013 18:00:14 +0000 5743369 at http://www.globalpost.com Arctic nations' oil spill plans too vague -environmentalists http://www.globalpost.com/dispatch/news/thomson-reuters/130204/arctic-nations-oil-spill-plans-too-vague-environmentalists <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Eight-nation Arctic Council drafts oil spill plans</p> <p>* Guidelines avoid details such as corporate liability</p> <p>* Greenpeace says document vague, fails to address risks</p> <p>By Environment Correspondent Alister Doyle</p> <p>OSLO, Feb 4 (Reuters) - Arctic nations' plans to start cooperating over oil spills are vague and fail to define companies' liability for any accidents in an icy region opening up due to global warming, environmentalists said on Monday.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130204/arctic-nations-oil-spill-plans-too-vague-environmentalists" target="_blank">read more</a></p> BP Disaster Economy of Alaska Law Physical geography Thomson Reuters Mon, 04 Feb 2013 05:16:25 +0000 5744989 at http://www.globalpost.com