Latest Articles
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BP to Invest More in American Wind Farms
BP (NYSE:BP) along with its partner Sempra Energy is looking to invest more than $1 billion in two wind energy farms in the U.S.. BP, one of the world’s largest oil majors, has been trying to broaden its activities in the renewables sector ...
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BP Could Benefit from U.K.’s Libya Involvement
BP (NYSE:BP) can expect to increase its activity in Libya as the transitional government gets ready to boost oil revenues. The U.K. was one of the most active supporters of the rebels who toppled the Qaddafi regime last year and installed a trans...
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BP Seeking Recovery of Macondo Spill Costs From Halliburton
BP (NYSE:BP) is asking contractor Halliburton (NYSE:HAL) to cover all the costs resulting from the U.S. Gulf of Mexico spill in its latest court filing. The British oil major is seeking ‘the amount of costs and expenses incurred by BP to cl...
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Prosecutors Prepare Criminal Charges in BP Gulf of Mexico Spill
Federal prosecutors are said to be preparing criminal charges against BP (NYSE:BP) employees for the 2010 U.S. Gulf of Mexico spill. According to a Wall Street Journal report, prosecutors are focusing on some of the oil major’s engineers ba...
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Court Ends BP’s Drilling Probation in Alaska
Oil major BP (NYSE:BP) won a significant legal battle yesterday when a federal judge ended the probation on the company’s drilling activity in the state of Alaska. BP was put on probation as part of a plea agreement related to charges that ...
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BP Wins First Leases in the Gulf Since Spill
British major BP (NYSE:BP) kick started its plan to resume exploration in the U.S. Gulf of Mexico by winning 11 tracts in the latest lease sale held in the region. BP spent a total of $27.5 million on its winning bids in the Western Gulf of Mexic...
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BP’s Bet on Indian Natural Gas Market Will Help Country & Company Growth
This year BP (NYSE:BP) has taken a huge stride into the developing Indian natural gas market. In August 2011, the oil giant paid $7 billion to acquire a 30% interest in 21 oil and gas production sharing agreements operated by Reliance Industries...
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Exxon Gains as U.S. Becomes Net Gas Exporter, Fair Value $93
ExxonMobil Corporation (NYSE:XOM) and other oil and gas refining companies are positioned to benefit greatly from an emerging market – exporting gasoline from the United States. The world’s largest economy has been a net importer of g...
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BP Gets a Break on Some Gulf of Mexico Claims
BP (NYSE:BP) saw some mixed progress in the Macondo spill incident as a federal judge in New Orleans threw out claims by Mexican states and inland cities in Alabama that they were physically harmed by the disaster. The judge also dismissed claims...
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Conoco Adds to Alaska Assets as State Opens Up for New Exploration
ConocoPhillips (NYSE:COP) increased its holdings in Alaska’s Northern Slope in state and federal oil lease sales held recently. The oil major acquired leases in both state and federal land and its successful bids were situated close to it...
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Anadarko May Look to Monetize Some Mozambique Assets
Independent oil exploration player Anadarko Corp. (NYSE:APC) may look to sell part of its holdings in the offshore Mozambique gas fields, which are estimated to hold between 15 to 30 Trillion cubic feet (Tcf) of natural gas. Senior vice president...
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Halliburton Stock Slides as it Defends Itself Against BP Allegations
Oilfield services provider Halliburton (NYSE:HAL) saw its shares fall by almost 5% each of the last two days after BP (NYSE:BP) accused the company of destroying evidence related to last year’s Gulf of Mexico spill. BP claimed that the evid...
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BP Mulls Plans to Resume Exploration in Libya
BP’s (NYSE:BP) CEO Bob Dudley said that the company was evaluating plans to resume exploration in Libya after stopping operations in February because of the political unrest in the country. The company has been asked by the new government t...
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Halliburton Stock Looks More Vulnerable to BP Claims on Spill
British oil major BP (NYSE:BP) rolled out its latest legal maneuver in the Gulf of Mexico spill case by accusing subcontractor Halliburton (NYSE:HAL) of destroying evidence that could be used to prove it shared a part of the blame for the disaste...
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BP Sells Canadian Gas, Looking to Defend $55 Fair Value
BP (NYSE:BP) agreed to sell its natural gas liquids business in Canada to Plains All American Pipeline LP for $1.67 billion in a bid to shore up its cash position to meet future obligations from the Gulf of Mexico spill incident. The move is also...
