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Tag Archives: BP

Oil & gas mega-merger keeps stocks fizzing

LONDON – Global stocks remained upbeat on Wednesday as a $70 billion mega-deal in the European oil and gas sector stoked the merger and acquisition fever that has gripped investors this week. Shares in BG Group rose as much as 42 percent in early trade after Royal Dutch Shell agreed to pay that amount (47 billion pounds) for its smaller ...

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Judge: Jury can decide Alabama’s Gulf-oil-spill claims

NEW ORLEANS — A judge says Alabama’s Gulf oil-spill-damage claims under the federal Oil Pollution Act can be heard by a jury. BP had moved to block a jury trial for the state, saying that neither the Oil Pollution Act nor admiralty law provides the right to a trial by jury. U.S. District Judge Carl Barbier (BAHR’-bih-aye) in New Orleans ...

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How social technology connects women in the energy industry

Katie Mehnert has a knack for culling opportunity from inopportune situations. Described as a “People Engineer” in health and safety, Mehnert’s repertoire includes companies such as BP and Shell. Eighteen years in the tempestuous energy industry equipped her with a reluctance to shirk away from catastrophes. “I always seem to be coming in when the sky is falling,” said Mehnert, ...

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BP sees TANAP gas pipeline project deal within two months

pipeline

TBILISI – British oil major BP expects to sign a deal with the Trans-Anatolian Natural Gas Pipeline (TANAP) project within two months to become a stakeholder in the multi-billion dollar project that aims to reduce Europe’s reliance on Russian gas. Chris Schlueter, BP country manager for Georgia, told Reuters on Wednesday that all main documents were signed last week. “We ...

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Conoco moves ahead on North Slope even as layoffs proceed

ConocoPhillips Alaska on Monday said it will move ahead with a development expected to add up to 8,000 barrels of crude to the trans-Alaska pipeline each day, crediting Alaska tax reform, despite low oil prices that have delayed projects around the world. But the announcement comes amid rumblings of layoffs on the North Slope, including at the field where the ...

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BP signs $12 billion energy deal in Egypt

SHARM EL-SHEIKH, Egypt – British oil company BP (BP.L) finalised on Saturday a $12 billion deal with Egypt to develop 5 trillion cubic feet of gas resources and 55 million barrels of condensates in the West Nile Delta. The supply deal, signed at an international investment conference in the Sharm El-Sheikh resort, will help Egypt as it tackles its worst ...

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BP Whiting endures union strike, failing equipment

Plenty has gone wrong for the BP refinery in Whiting, Indiana, recently; on top of a weeks-long, 1,100-worker strike, Northwestern Indiana (NWI) Times reports technical issues as well. One of the facility’s catalytic units, or cat cracker—equipment that boils crude oil into usable fuel—had to be shut down last week after its pump stopped working. Amidst the strike and mechanical ...

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Judges uphold dismissal of BP explosion manslaughter charges

NEW ORLEANS — A federal appeals court has upheld a district judge’s decision to drop 11 “seaman’s manslaughter” charges against two BP supervisors in the deaths of workers killed when the Deepwater Horizon exploded in the Gulf of Mexico. The 5th U.S. Circuit Court of Appeals ruled Wednesday that the law does not apply to Robert Kaluza (kuh-LOO-zuh) and Donald ...

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Exxon, Shell’s spending patterns may help them through oil price drop

LONDON – The world’s two biggest oil firms, Exxon Mobil Corp and Royal Dutch Shell, may withstand the oil price collapse better than their rivals because they are closer to finishing expensive investment projects while others must keep spending. The near halving of oil prices since June is likely to send all the biggest listed oil companies into negative cash ...

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