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BP expected to agree on $20-25 billion oil spill deal with DoJ
LONDON (Reuters) – Oil giant BP will likely agree to pay the U.S. Department of Justice $20-$25 billion next month to settle all civil and criminal charges around the Deepwater Horizon rig blast and Gulf of Mexico oil spill, a leading industry analyst predicted on Thursday. Martijn Rats, head of…
BP sues Halliburton over $42 billion oil spill bill
LONDON (Reuters) – BP has called on contractor Halliburton to pay all costs and expenses it incurred to clean up the 2010 Gulf of Mexico oil spill, which the oil major previously put at around $42 billion. Halliburton cemented the failed well that caused the United State’s biggest offshore oil spill. In a U.S. court filing, BP said…
Mother of WikiLeaks founder to protest Obama visit
The mother of Australian-born whistleblower Julian Assange on Wednesday said she would picket a visit of US President Barack Obama to the capital, Canberra, to rally support for her son. Christine Assange said she would take protests in support of the founder of WikiLeaks to Parliament House next Thursday, where Obama is…
BP recovers $4 billion in Gulf oil spill costs
British energy giant BP said on Monday it had recovered $4.0 billion in costs linked to last year’s devastating Gulf of Mexico oil spill from US group Anadarko Petroleum Company. Anadarko has also agreed to transfer to BP its 25 percent stake in the Macondo well, where a leak in 2010 sparked an environmental catastrophe…
Ex-BP boss quits Russian joint venture
Tony Hayward, the former head of BP who stepped down after the Gulf of Mexico oil spill catastrophe, is leaving his post on the board of its Russian joint venture TNK-BP, the company said Monday. Hayward, who came under huge criticism for his role in the clean-up of the oil…
BP rebounds into $5.62-billion net profit
British energy giant BP rebounded into net profit in the second quarter of 2011, aided by high oil prices, after a huge loss last year in the wake of the Gulf of Mexico oil spill disaster, it said Tuesday. Earnings after taxation hit $5.62 billion (3.87 billion euros) in the…
#f@ckyouwashington hashtag takes Twitter by storm
Most suddenly-popular Twitter hashtags refer to events or celebrities that currently are in the news. But every once in a while, one erupts out of nowhere to capture the mood of the Twitterverse. The hashtag #fuckyouwashington is currently making the rounds in just that fashion. As explained in a post…
US must learn from Japan nuclear crisis: Obama
WASHINGTON (AFP) – President Barack Obama said Tuesday he was “deeply worried” about the potential human cost of quake-hit Japan’s nuclear crisis and vowed to “further improve” the safety of US atomic facilities. “Nuclear plants are designed to withstand certain levels of earthquakes, but having said that, nothing’s completely failsafe,…
US probe shares out ‘systemic’ blame for oil spill
A US panel has spread blame for the deadly Gulf of Mexico oil spill beyond BP to Halliburton and Transocean, accusing all three of “systemic” management failures that could happen again. The presidential commission’s assessment was part of its final report on the deadly April blowout of BP’s Macondo well,…
BP says testing process on cap should begin ‘soon’
BP says it hopes to restart the testing process on the cap it’s put on top of the Gulf of Mexico oil spill now that a leak in the machinery has been fixed. Kent Wells, a senior vice president in the company, said at a Thursday morning news briefing that…
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