Search Results for: oil+spill+fines+per+barrel
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BP Reinstates Dividend, will sell two U.S. refineries
BP Plc, Europe’s second largest oil company’s, restored the dividend and will sell two U.S. refineries as it recovers from the Gulf of Mexico spilled. BP will pay a dividend of 7 cents per share payable for the last three months of 2010, half the level before the spill, after canceling the payment for the first three quarters. It plans to dispose of its Texas City refinery and Carson.
Chief Executive Officer Robert Dudley is making the company “smaller” and “more agile” after the worst spill in U.S. history that his predecessor Tony Hayward cost his job. The company has already slimmed down by selling $ 22 billion of assets and agreed to an $ 8 billion of stock to be exchanged with OAO Rosneft to improve access to untapped reserves in the Russian Arctic Kara Sea to get. (more…)
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BP says limits on drilling in danger Oil Spill Payouts
BP warns that if Congress legislators pass legislation that bars company from getting new offshore drilling permits, can not the money to pay for all damages caused by its oil spill in the Gulf of Mexico. The company says that a ban would also risk the ambitious Gulf Coast restoration efforts that officials want the company to voluntarily support.BP executives stress that they have not backed away from their commitment to the White House to set aside $ 20 billion in an escrow fund over the next four years of claims and the government sanctions arising from April 20 explosion of the Deepwater Horizon derrick to pay . The explosion killed 11 workers and millions of barrels of oil spewed into the Gulf. (more…)
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BP Oil Company: Now Come the Fine
After months of technical setbacks, embattled BP (NYSE: BP – News) in early August was finally on the verge of capping its runaway Macondo well, the source of the largest oil spill in U.S. history. Even as the center of the oil giant shifts toward the massive reorganization of the Gulf of Mexico, now faces costly civil fines it faces as a result of the disaster. (more…) -
Aftermath of the Gulf of Mexico oil spill, Incoming BP chief executive changes that will
London, England – The U.S. series to take over BP said Tuesday that the aftermath of the Gulf of Mexico oil spill, that he “certainly there will be changes” in the oil industry. “There is no question we’ll learn a lot from this accident in the Gulf Coast. This is about equipment, people, other companies, and as a result of that we learn a lot, both BP and the industry,” said Robert Dudley told reporters outside the BP headquarters in London when he met with President Carl-Henric Svanberg BP and outgoing Chief Executive Officer Tony Hayward. (more…)