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BP has released a statement announcing its disagreement with the decision by the US Court of Appeals for the Fifth Circuit denying the company's request for a permanent injunction to prevent certain payments under the Economic and Property Damages Settlement reached in 2012. The oil giant had aske
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LONDON, March 4 (Reuters) - British oil firm BP said it was considering its options after a U.S. appeals court rejected its bid to block businesses from recovering money over the Gulf of Mexico spill even if they could not trace their economic losses to the disaster. The court decision is a
Read moreLONDON, March 4 (Reuters) - No very large crude carriers (VLCCs) will load from Britain's Hound Point oil terminal in May and June due to planned maintenance, a spokeswoman for operator BP said on Tuesday. Last week traders reported hearing that Hound Point's Jetty 1 would undergo fender an
Read more- Markets recover after sell-off - Putin orders troops back to bases - Ashtead, Glencore Xstrata impress with results - Fresnillo disappoints as profits slump techMARK 2,891.69 +1.38% FTSE 100 6,775.50 +1.00% FTSE 250 16,559.83 +1.13% UK stocks bounced strongly on Tuesday morning as sentiment reco
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LONDON (Alliance News) - BP PLC has failed in its efforts to stop certain payments relating to the Deepwater Horizon oil spill, according to Bloomberg on Tuesday. The major oil and gas company was told by a federal appeals court that it must abide by terms of a USD9.2 billion settlement wit
Read moreThe fifth appeals court of New Orleans ruled on Monday that BP will have to restart what the company terms "absurd" payouts to people and firms who were not even negatively impacted by the 2010 Gulf of Mexico oil spill. BP had argued that a compensation committee had misinterpreted the original agre
Read moreMarch 3 (Reuters) - A divided U.S. appeals court on Monday rejected BP Plc's appeal of a ruling that allowed businesses to recover money over the 2010 Gulf of Mexico oil spill, even if they could not trace their economic losses to the disaster. By a 2-1 vote, the 5th U.S. Circuit Court of A
Read moreFollowing the close of quarterly reporting season in Europe earnings forecasts for the STOXX 600 have suffered their worst monthly cuts in nearly 5 years with certain UK large-caps playing spoilsport. ** Mean EPS for the STOXX 600 is down 2.4% percent over the past month. http://link.reuter
Read more--Clyde Russell is a Reuters market analyst. The views expressed are his own.-- By Clyde Russell SINGAPORE, March 3 (Reuters) - It's relatively easy to see Royal Dutch Shell's motivation in selling its Australian refinery and retail network, but somewhat more difficult to work out Vit
Read more* Norway's Statoil already sold 10 pct stake to BP, SOCAR * Turkey's Botas in talks to take on Total's stake * Lower Russian gas price makes new gas investments difficult * Total to focus its Azeri business on the Absheron gas field By Henning Gloystein and Oleg Vukmanovic
Read moreMOSCOW, Feb 28 (Reuters) - Royal Dutch Shell and Eni have won a Rosneft tender for cargoes with 80,000 tonnes of Urals oil blend from Novorossiisk in April-September, traders told Reuters on Friday. They said that cargoes with 140,000 tonnes of Urals each from the same port were taken by BP
Read more* Finance heavyweight makes contingency plans * RBS warns independence could impact credit ratings * Political debate escalates in row over finance By Belinda Goldsmith and Chris Vellacott LONDON, Feb 27 (Reuters) - Insurance and pensions heavyweight Standard Life became t
Read moreBy Jessica Dye Feb 26 (Reuters) - A U.S. federal judge on Wednesday denied BP Plc's request to halt payments from the $2.3 billion fund it created to compensate commercial fishermen for financial losses after the British company's 2010 offshore oil spill, according to court records. B
Read moreBy Jessica Dye Feb 26 (Reuters) - A U.S. federal judge on Wednesday denied BP Plc's request to halt payments from the $2.3 billion fund it has created to compensate commercial fishermen for financial losses claimed after the British company's 2010 offshore oil spill, according to court reco
Read more* CAO expects Chinese jet fuel demand growth to be flat * Company eyes bio jet fuel, LNG * To review what advantages it has in Australia SINGAPORE, Feb 26 (Reuters) - China Aviation Oil (Singapore) Ltd, the sole importer of jet fuel into China, said its fourth-quarter net profit
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