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Share Price Information for BP (BP.)

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Share Price: 482.55
Bid: 482.60
Ask: 482.70
Change: 0.85 (0.18%)
Spread: 0.10 (0.021%)
Open: 479.85
High: 486.50
Low: 479.05
Prev. Close: 481.70
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BP sues Louisiana regulator over spill cleanup

Thu, 19th Sep 2013 22:01

HOUSTON, Sept 19 (Reuters) - BP Plc sued a Louisianaregulator on Thursday for requiring the company to retrieveanchors lost or buried during cleanup of its 2010 Macondo oilspill, even though the U.S. Coast Guard has said that would hurtthe environment in the Gulf of Mexico.

The filing, in federal court in Baton Rouge, alleges thatthe Louisiana Department of Natural Resources ordered thecompany to violate federal law that prohibits retrieval of theanchors.

The anchors were dropped throughout the Gulf to hold linesof boom in place that were used to capture oil after the Macondodisaster that killed 11 men and sent more than 4 million barrelsof oil spewing into the sea. BP said it deployed the booms aspart of a U.S. government-directed spill response.

Many anchors were removed after the cleanup, but others lostor buried were left.

BP said the company cannot comply with Louisiana's demandthat it recover the rest because federal law prohibits retrievalof so-called "orphan anchors."

The filing on Thursday was the latest of more than a dozenmotions or appeals BP has made over the cleanup or to slowpayouts from a 2012 settlement to compensate people harmed bythe spill.

BP has complained that the settlement, which was not capped,has been mismanaged by the claims administrator and it iscosting the company more than expected.

The company has also sued the U.S. government after thecompany was excluded from bidding for new federal contracts,including leases to explore and drill in the Gulf.

The Macondo disaster, the worst-ever offshore oil spill inU.S. history, so far has cost BP about $42.4 billion in chargeson its balance sheet from payouts, cleanup and restoration costsand ongoing litigation.

Separately, the second phase of the main trial overliability for the Macondo spill is scheduled to start Sept. 30.

The first phase of the trial was held to determine blame forthe spill, although the federal judge overseeing the case hasreserved his findings. The second phase of the trial willconsider the amount of oil spilled to assign damages.

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2 Feb 2024 13:14

BP appoints Kate Thomson as its permanent finance chief

(Sharecast News) - BP announced the appointment of Kate Thomson as its new, permanent chief financial officer on Friday, effective immediately.

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2 Feb 2024 12:27

TOP NEWS: BP promotes Kate Thomson as permanent finance chief

(Alliance News) - BP PLC on Friday named Kate Thomson as its permanent chief financial officer, after being in the interim role since September.

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2 Feb 2024 12:09

LONDON MARKET MIDDAY: Airlines up but oil falls on Middle East talks

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2 Feb 2024 08:54

LONDON MARKET OPEN: European stocks lifted on Wall Street's gains

(Alliance News) - Stock prices in London opened higher on Friday, closing of a busy week of monetary policy decisions.

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1 Feb 2024 17:03

LONDON MARKET CLOSE: Stocks down on hawkish BoE interest rates hold

(Alliance News) - Stock prices in London closed down on Thursday after the Bank of England left interest rates on hold in a split decision that was hawkish on expectations of rate cuts.

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1 Feb 2024 12:22

LONDON MARKET MIDDAY: BoE keeps bank rate on hold in split decision

(Alliance News) - London's FTSE 100 was on the up on Thursday afternoon after the Bank of England left interest rates on hold on Thursday, in a split decision.

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1 Feb 2024 10:06

New UK oil and gas exploration licences approved in the North Sea

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LONDON MARKET OPEN: Shells begins USD3.5 billion buyback; eyes on BoE

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30 Jan 2024 15:28

UK earnings, trading statements calendar - next 7 days

Wednesday 31 January 
Aberforth Smaller Companies Trust PLCFull Year Results
abrdn Private Equity Opportunities Trust PLCFull Year Results
Ecora Resources PLCTrading Statement
GSK PLCFull Year Results
ITM Power PLCHalf Year Results
NWF Group PLCHalf Year Results
Thursday 1 February 
Airtel Africa PLCTrading Statement
AG Barr PLCTrading Statement
BT Group PLCTrading Statement
Cranswick PLCTrading Statement
Gem Diamonds LtdTrading Statement
Glencore PLCTrading Statement
JTC PLCTrading Statement
Rank Group PLCHalf Year Results
Shell PLCFull Year Results
TClarke PLCTrading Statement
Friday 2 February 
YouGov PLCTrading Statement
Monday 5 February 
Home REIT PLCTrading Statement
Porvair PLCFull Year Results
Trident Royalties PLCTrading Statement
Vodafone Group PLCTrading Statement
Tuesday 6 February 
Alumasc Group PLCHalf Year Results
BP PLCFull Year Results
Filtronic PLCHalf Year Results
Mattioli Woods PLCHalf Year Results
Renishaw PLCHalf Year Results
Virgin Money UK PLCTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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29 Jan 2024 17:25

London close: Stocks turn weaker ahead of busy week for earnings

(Sharecast News) - London's stock market saw slight declines by the close on Monday, as investors turned their attention to a week filled with corporate earnings reports and central bank announcements.

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29 Jan 2024 17:02

LONDON MARKET CLOSE: Stocks slightly down pre US Fed, Bank of England

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29 Jan 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 nudges higher ahead of rate decisions

(Alliance News) - Stock prices in London were mixed going into Monday afternoon, ahead of a busy week of interest rate decisions and economic data.

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