Deepwater Horizon oil spill http://www.globalpost.com/taxonomy/term/23110/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 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 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 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 ¥¥¥ BP says 2012 net profits more than halve to $11.58 bn http://www.globalpost.com/dispatch/news/afp/130205/urgent-bp-says-2012-net-profits-more-than-halve-to-1158-bn <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>British energy giant BP said Tuesday that net profits slumped by more than half to $11.582 billion (8.6 billion euros) last year as the group was hit by ongoing fallout from the 2010 oil spill disaster.</p> <p>Earnings after taxation tumbled by 54 percent in 2012, compared with $25.7 billion in 2011, BP said in a results statement.</p> <p>mg-rfj/rl</p> BP BP Deepwater Horizon oil spill Disaster USD AFP Tue, 05 Feb 2013 07:45:19 +0000 5746099 at http://www.globalpost.com UPDATE 2-Smaller BP's profits down as oil spill trial looms http://www.globalpost.com/dispatch/news/thomson-reuters/130205/update-1-bp-q4-beats-forecast-oil-spill-trial-looms <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>* Shares up 2 percent</p> <p>* CEO says reshaping impact will continue into 2013</p> <p>By Andrew Callus</p> <p>LONDON, Feb 5 (Reuters) - Shrinking British oil company BP Plc announced quarterly profit down a fifth from a year ago, after it sold assets in preparation for what could be its biggest oil spill payout when the case comes to trial later this month.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130205/update-1-bp-q4-beats-forecast-oil-spill-trial-looms" target="_blank">read more</a></p> BP BP Plc Business Companies listed on the New York Stock Exchange Deepwater Horizon oil spill Disaster Economy of Alaska Economy of the United States Entertainment Thomson Reuters Tue, 05 Feb 2013 08:00:03 +0000 5746103 at http://www.globalpost.com BP says 2012 net profits more than halve to $11.58 bn http://www.globalpost.com/dispatch/news/afp/130205/bp-says-2012-net-profits-more-halve-1158-bn <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>BP said Tuesday that net profits slumped by more than half last year, hit by asset sales and after it agreed to pay billions of dollars to the US government to settle criminal charges over a 2010 oil spill.</p> <p>Earnings after taxation tumbled 54 percent to $11.582 billion (8.6 billion euros) in 2012, compared with $25.7 billion in 2011, the British energy giant said in a results statement.</p> <p>Replacement cost profit, which strips out fluctuations in the value of energy inventories, plunged by almost 50 percent to $11.993 billion last year from $23.900 last time around.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130205/bp-says-2012-net-profits-more-halve-1158-bn" target="_blank">read more</a></p> BP BP Companies listed on the New York Stock Exchange Deepwater Horizon oil spill Disaster AFP Tue, 05 Feb 2013 08:30:32 +0000 5746119 at http://www.globalpost.com BP profits more than halve on US oil spill fallout http://www.globalpost.com/dispatch/news/afp/130205/bp-profits-more-halve-us-oil-spill-fallout <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>British energy giant BP said Tuesday that net profits slumped by more than half in 2012, as the group was rocked by fines and asset sales linked to the 2010 Gulf of Mexico oil spill disaster, ahead of a US trial later this month.</p> <p>Earnings after taxation tumbled 54 percent to $11.582 billion (8.6 billion euros) in 2012, compared with $25.7 billion in 2011, BP said in a results statement.</p> <p>Adjusted net profit, stripping out fluctuations in the value of inventories, plunged by almost 50 percent to $11.993 billion.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130205/bp-profits-more-halve-us-oil-spill-fallout" target="_blank">read more</a></p> BP BP Companies listed on the New York Stock Exchange Deepwater Horizon oil spill Disaster AFP Tue, 05 Feb 2013 10:30:55 +0000 5746195 at http://www.globalpost.com BP profits slide on US oil spill fallout http://www.globalpost.com/dispatch/news/afp/130205/bp-profits-slide-us-oil-spill-fallout <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>British energy giant BP on Tuesday said its net profits slumped by more than half last year on fines and asset sales linked to the 2010 Gulf of Mexico oil spill disaster, ahead of a US trial later this month.</p> <p>Earnings after tax tumbled 54 percent to $11.58 billion (8.6 billion euros) in 2012, compared with $25.7 billion in 2011, BP said in a results statement.</p> <p>Adjusted net profit, stripping out fluctuations in the value of inventories, plunged by almost 50 percent to $11.99 billion.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130205/bp-profits-slide-us-oil-spill-fallout" target="_blank">read more</a></p> BP BP Companies listed on the New York Stock Exchange Deepwater Horizon oil spill Disaster AFP Tue, 05 Feb 2013 16:30:46 +0000 5746580 at http://www.globalpost.com U.S. judge accepts Transocean guilty plea over Macondo http://www.globalpost.com/dispatch/news/thomson-reuters/130214/us-judge-accepts-transocean-guilty-plea-over-macondo <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>Feb 14 (Reuters) - A judge on Thursday accepted drilling rig operator Transocean Ltd's agreement to plead guilty to violating the Clean Water Act and pay $400 million to settle U.S. government criminal charges over the massive Gulf of Mexico oil spill at BP Plc's Macondo well in 2010.</p> <p>The overall settlement, unveiled last month by the U.S. Department of Justice, included $1 billion in civil penalties in addition to the $400 million in criminal penalties.</p> BP Deepwater Horizon oil spill Disaster Gulf of Mexico Thomson Reuters Thu, 14 Feb 2013 17:19:03 +0000 5755477 at http://www.globalpost.com UPDATE 2-US judge accepts Transocean $400 mln Macondo settlement http://www.globalpost.com/dispatch/news/thomson-reuters/130214/update-2-us-judge-accepts-transocean-400-mln-macondo-settlement <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>NEW ORLEANS, Feb 14 (Reuters) - A federal judge on Thursday accepted a guilty plea by rig contractor Transocean Ltd for violating the U.S. Clean Water Act along with a $400 million criminal fine for its role in the 2010 disaster at BP Plc's Macondo well. The overall settlement by Transocean Ltd, unveiled last month by the U.S. Department of Justice (DOJ), included $1 billion in civil penalties, in addition to the $400 million in criminal penalties. After a hearing in New Orleans lasting less than an hour, U.S.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130214/update-2-us-judge-accepts-transocean-400-mln-macondo-settlement" target="_blank">read more</a></p> BP Business Deepwater Horizon oil spill Disaster Labor Law Petroleum USD Thomson Reuters Thu, 14 Feb 2013 18:15:07 +0000 5755538 at http://www.globalpost.com US judge approves $400 mln Transocean settlement http://www.globalpost.com/dispatch/news/afp/130214/us-judge-approves-400-mln-transocean-settlement <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>A US judge approved Thursday a $400 million settlement in criminal penalties against the rig operator involved in the 2010 Gulf of Mexico oil spill, the worst environmental disaster in American history.</p> <p>The punishment was part of a plea bargain agreement reached last month by rig owner Transocean Deepwater Inc. and the US Justice Department.</p> <p>The penalty was approved Thursday by Judge Jane Triche Milazzo of the US District Court for the Eastern District of Louisiana, in New Orleans.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130214/us-judge-approves-400-mln-transocean-settlement" target="_blank">read more</a></p> BP Deepwater Horizon oil spill Disaster Petroleum USD AFP Thu, 14 Feb 2013 18:46:17 +0000 5755655 at http://www.globalpost.com US judge approves $400 mln fine for Transocean http://www.globalpost.com/dispatch/news/afp/130214/us-judge-approves-400-mln-fine-transocean <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>A US judge approved Thursday a $400 million settlement in criminal penalties against the rig operator involved in the 2010 Gulf of Mexico oil spill, the worst environmental disaster in American history.</p> <p>The punishment was part of a plea bargain agreement reached last month by rig owner Transocean and the US Justice Department.</p> <p>The penalty was approved Thursday by Judge Jane Triche Milazzo of the US District Court for the Eastern District of Louisiana, in New Orleans.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130214/us-judge-approves-400-mln-fine-transocean" target="_blank">read more</a></p> BP Deepwater Horizon oil spill Disaster Transocean USD AFP Thu, 14 Feb 2013 19:10:53 +0000 5755823 at http://www.globalpost.com