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Investor opposition to BP executive pay wanes

April 11, 2013 10:30
LONDON (Reuters) - The shareholder rebellion against BP's remuneration policy shrank this year, after the oil major made progress in untangling its Russian investments and reducing uncertainty over oil spill liabilities. Investors representing just 5.88 percent of shares voted against its 2012 remuneration report at a meeting in London on Thursday - almost half the 11.79 percent that rejected the report the previous year.

BP spill claims administrator urges dismissal of lawsuit

April 1, 2013 16:45
By Jonathan Stempel (Reuters) - The administrator of BP Plc's settlement with thousands of people and businesses who sued over the 2010 Gulf of Mexico oil spill urged a federal judge on Monday to end the company's lawsuit over how he determines damages claims. BP had last month urged U.S. District Judge Carl Barbier in New Orleans to issue an emergency order to stop court-appointed administrator Patrick Juneau from paying out "absurd" amounts based on inflated or fictitious claims.

Macondo rig fire was too big to fight -Transocean officer

March 25, 2013 17:01
By Kathy Finn NEW ORLEANS (Reuters) - The officer in charge of safety on Transocean's Deepwater Horizon drilling rig, destroyed in a BP well accident that caused the worst-ever U.S. offshore oil spill, said the post-blowout fire was too big to fight and the evacuation saved lives.

US firm reports big oil find in Gulf of Mexico

March 20, 2013 05:45
US firm Anadarko Petroleum has announced what it calls a "potentially giant" oil find in deep waters of the Gulf of Mexico. It said a second well, called Shenandoah-2, dug off the coast of Louisiana confirms results from a first dig and indicate "excellent quality reservoir and fluid properties." "The successful Shenandoah-2 well marks one of Anadarko's largest oil discoveries in the Gulf of Mexico," Anadarko senior vice president Bob Daniel said in a statement issued Tuesday night. It did not say how much oil Anadarko may have found.

Transocean should have done more before 2010 Gulf spill - CEO

March 19, 2013 12:45
By Kathy Finn NEW ORLEANS (Reuters) - The chief executive of Transocean Ltd <RIG.N>, owner of the rig destroyed after BP Plc's <BP.L> Macondo well blew out in 2010, told a federal judge on Tuesday that his workers made mistakes that day, but were not responsible for overall safety on the rig.

BP cries foul at "fictitious" spill claims

March 15, 2013 17:45
By Andrew Callus (Reuters) - BP launched its promised appeal against "fictitious" and "absurd" oil spill compensation payouts on Friday and asked a judge to temporarily halt to those made on a so-called business economic loss basis. In a New Orleans court filing, BP gave examples of businesses in industries far from the spill and unconnected with the coastline that enjoyed strengthened earnings in the spill year of 2010 and yet had received millions in spill compensation.

Exclusive - TNK-BP tycoons turn to ex-BP bosses for help investing billions

March 13, 2013 11:54
By Melissa Akin, Katya Golubkova and Tom Bergin MOSCOW/LONDON (Reuters) - Representatives of the Alfa Group, set to earn billion of dollars from the sale of Anglo-Russian oil venture TNK-BP, have sounded out former BP CEOs John Browne and Tony Hayward about investing jointly in international oil projects. German Khan, one of four Soviet-born businessmen who shared control of TNK-BP with BP for a decade, met Browne and Hayward and other potential deal partners in London last month, sources familiar with the discussions said.

UPDATE 1-BP spill report ignored phone call on key test -lawyer

March 4, 2013 22:00
By Stephanie Grace NEW ORLEANS, March 4 (Reuters) - BP's own investigation of the 2010 Gulf of Mexico spill ignored a phone call between BP supervisors about a critical pressure test that was misinterpreted with deadly consequences, a lawyer for rig owner Transocean Ltd contended in aggressive questioning on Monday.

BP probe ignored pre-spill call about critical test -lawyer

March 4, 2013 19:00
By Stephanie Grace NEW ORLEANS, March 4 (Reuters) - BP's internal investigation of the company's Gulf of Mexico oil spill in 2010 ignored a telephone call between BP supervisors about a critical pressure test that was misinterpreted with deadly consequences, a lawyer contended in aggressive questioning on Monday. Transocean Ltd lawyer Brad Brian pushed BP's global head of safety and operational risk on why the report did not mention that call even though investigators mentioned it in their notes.

UPDATE 2-BP oil spill probe did not address cost overruns -exec

February 28, 2013 19:00
By Kristen Hays NEW ORLEANS, Feb 28 (Reuters) - BP Plc's investigation of its disastrous 2010 Gulf of Mexico blowout did not address the impact of cost overruns on the well, a BP executive said on Thursday, in the final day of testimony this week in the massive civil trial over the spill. Plaintiffs contend that cost concerns prompted crew members on the doomed Deepwater Horizon rig to rush to wrap up the drilling. The executive who led BP's internal investigation said the company did not focus on that angle.
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