BP is returning to Libya decades after Gaddafi’s revolutionAug 13, 2010After nearly 40 years, BP is returning to Libya amid widespread controversy about an alleged link to the Lockerbie bomber’s release and fears about a potential
BP forms Gulf of Mexico oil spill escrow trustAug 10, 2010BP has established a trust and made a $3 billion initial deposit of the previously-announced $20 billion escrow account to pay legitimate claims arising from
BP claim payments exceed $300 millionAug 6, 2010BP says that it has paid $303 million in claim payments to more than 40,000 individuals and businesses impacted by the oil spill in the Gulf of Mexico.
BP takes action to fast-track claims for Gulf Coast businessesAug 4, 2010BP has instituted a series of actions to expedite claim payments to businesses impacted by the oil spill in the Gulf of Mexico, including establishing an
Africa to Capitalize on Deepwater DrillingAug 2, 2010In the aftermath of the Gulf of Mexico disaster, offshore deepwater drilling is now being questioned as too risky a venture. However the domino effect of how this will impact other regions is a far less damaging then initially expected.
By Daniel Reinhold-Shor
BP hires James Lee Witt to advise and support response effortAug 2, 2010BP has hired Witt Associates, and its CEO James Lee Witt, to support BP’s work to restore Gulf Coast communities in the wake of the oil and gas spill
Statoil's 2Q net operating income was NOK 26.6 billionJul 29, 2010Statoil says that the quarterly result was affected by a 32% increase in liquids prices measured in NOK, a 6% increase in equity production and a 12% decrease
BP takes a pre-tax charge of $32.2 billion for the GoM oil spillJul 28, 2010BP has taken a pre-tax charge of $32.2 billion for the Gulf of Mexico oil spill, including the $20 billion escrow compensation fund previously announced.
