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Oil giant BP has reached an agreement with the US environmental Protection Agency (EPA) over the firm's 'blacklisting' following the 2010 Gulf of Mexico oil spill. The firm had argued that it lost out on billions of dollars' worth of contracts while at the same time being prevented from new explorat
Read moreOil giant BP on Friday announced that it has entered into an administrative agreement with the US Environmental Protection Agency (EPA) which resolves the issues related to the suspension, debarment and disqualification of BP following the Deepwater Horizon accident and oil spill. As such, the gro
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LONDON (Alliance News) - The US government on Thursday decided to lift the ban on British oil giant BP PLC from federal government contracts, four years after the Deepwater Horizon rig explosion in April 2010. The decision will enable BP to bid for new contracts that could generate million of do
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WASHINGTON, March 13 (Reuters) - BP said on Thursday it has reached an agreement with the U.S. Environmental Protection Agency lifting the ban that prohibited the company from bidding on new federal contracts. As part of the agreement, BP agreed to a set of safety, ethical and corporate gov
Read more* Says moving closer to Russia as due to gain gas field access * Criticises EU for delaying pipeline progress * Focuses also on new regions in Middle East By Vera Eckert KASSEL, Germany, March 13 (Reuters) - BASF oil and gas unit Wintershall said the Ukraine crisis would n
Read moreKASSEL, Germany, March 13 (Reuters) - BASF oil and gas unit Wintershall on Thursday rejected any suggestion that the Ukraine crisis would scupper an agreed asset-swap deal with Gazprom that would give Russia greater access to gas trading and storage in Germany. Wintershall Chief Executive R
Read more* April WCS trades at $22.10/bbl below WTI * April synthetic trades at $2.30/bbl below WTI CALGARY, Alberta, March 12 (Reuters) - Canadian cash crude prices were steady on Wednesday, with traders reporting thin volumes and low volatility in the market. Western Canada Select heav
Read moreMarch 12 (Reuters) - Destin Pipeline Co LLC said on Wednesday that flows to the Pascagoula Gas Processing Plant (PGP) will be at a reduced rate for about 36 hours starting on the morning of March 15. During this time, shippers should minimize any disruptions to flows as it may impact the ga
Read moreLONDON (Alliance News) - BP PLC Wednesday said non-executive director Ian Davis bought 10,000 shares at GBP4.88121 each Tuesday. BP shares closed at 482.60 pence down 0.3% Wednesday. By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun Copyright © 2014 Alliance News
Read moreBAKU, March 12 (Reuters) - Partners in Shah Deniz are drawing up plans for the third development stage of the major gas project after 2025, expecting to reach peak output at about 25 billion cubic metres (bcm) of gas per year, a source at Azeri state energy firm SOCAR said. Azerbaijan's big
Read moreCAPE TOWN, March 11 (Reuters) - South Africa criticised Royal Dutch Shell's local unit on Tuesday for not refuelling a jet carrying the visiting speaker of Iran's parliament, saying the action was an "embarrassment" to the government. Ali Larijani met with South African President Jacob Zuma
Read moreLONDON, March 11 (Reuters) - British oil company BP said none of its currency traders had engaged in inappropriate trading activity, after a media report alleged one of them had received information from a dealer at Lloyds Banking Group . Allegations of possible manipulation of the $5.3 tr
Read moreBAKU, March 11 (Reuters) - Azeri state energy company SOCAR cut oil exports by 6.5 percent to 3.727 million tonnes in January-February from 3.984 million tonnes a year ago due to falling oil production, a SOCAR source said. The source said SOCAR exported 169,649 tonnes of oil via Russia thr
Read more* April WCS trades at $21.90 per barrel below WTI * April synthetic trades at $3.00 per barrel below WTI CALGARY, Alberta, March 10 (Reuters) - Canadian heavy crude prices were steady in thin trade on Monday, supported by the gradual ramp-up in demand from BP Plc's Whiting, Indiana, r
Read moreLONDON (Alliance News) - BP PLC Monday said that the following executive directors and directors within the company, all acquired shares at a price of GBO4.8005 per share, through participation in the company's ShareMatch UK Plan. Executive Director Iain Conn and Chief Financial Officer Bri
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