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News (10)


$6.5B in Losses Lead to Steep BP Layoffs

While announcing a loss of $6.5 billion in the 2015 fiscal year—said to be the largest annual loss in its history—British oil and gas company BP has revealed plans to lay off 7,000 employees...


BP Settles Deepwater Disaster for $20B

BP will pay more than $20 billion to settle claims against it for the Deepwater Horizon explosion and oil spill in 2010.


EPA Lifts BP Contract Suspension

Nearly four years after 11 oil-rig workers perished in BP’s Deepwater Horizon explosion in the Gulf of Mexico, the British oil giant is fully back in business with the U.S. government...


Deep-Sea Pipes Get Medical Touch

An X-ray machine used to detect fractured bones is being souped up to give the same treatment to fractured pipelines in the crushing depths of the ocean.


BP Sues U.S. to Drop Contract Ban

British oil giant BP has filed suit against the U.S. Environmental Protection Agency, seeking to lift a federal contract ban imposed after the company was charged with crimes, including mans...


Halliburton Admits Destroying Evidence

Halliburton Energy Services Inc. will become the third corporation to plead guilty to criminal misconduct in the 2010 Deepwater Horizon disaster that killed 11 offshore workers and un...


Driller Pleads Guilty in Gulf Disaster

The world's largest offshore drilling company will pay $400 million in fines and penalties stemming from crimes in the 2010 Deepwater Horizon disaster that killed 11 workers, under an agreem...


BP Confirms 4 Deaths in Terror Attack

BP has confirmed the deaths of four employees in the recent terrorist attack on one of its desert gas facilities in Algeria.


Transocean Fined $1.4B in Gulf Blast

The world's largest offshore drilling contractor will pay $1.4 billion in fines and plead guilty to environmental crimes to resolve federal civil and criminal cases stemming from the 2010 De...


Carboline Named in BP Refinery Suit

BP is suing protective coatings giant Carboline and four other companies, alleging that steel they provided and fireproofed for a multibillion-dollar refinery project is defective and causin...


 
 
   

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