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Share Price Information for BP (BP.)

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Share Price: 510.40
Bid: 509.40
Ask: 509.50
Change: -5.40 (-1.05%)
Spread: 0.10 (0.02%)
Open: 516.30
High: 516.60
Low: 506.10
Prev. Close: 515.80
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Rebel claimants in BP spill settlement get expedited hearing

Fri, 06th Sep 2013 17:31

Sept 6 (Reuters) - A U.S. appeals court will hold anexpedited hearing for a small group of claimants in a Gulf spillsettlement with BP Plc, with oral arguments set for theweek of Nov. 4, the court said on Friday.

BP's settlement with individuals and businesses affected bythe 2010 spill in the Gulf of Mexico was appealed with the U.S.Court of Appeals for the Fifth Circuit by certain claimants whoargue it was not favorable enough to them. BP estimates thetotal cost of all payouts in that deal will end up being $9.6billion, but the figure is uncapped, and expected to grow.

BP had launched its own separate appeal with the New Orleansappeals court over how the business economic claims were beingpaid out under the settlement. Oral arguments in that case wereheard on July 8, and a ruling is still awaited.

In a filing this week, lawyers who negotiated the deal forthe plaintiffs said that while more than 200,000 members of theclass had filed claims in the court-supervised settlementprogram, only five groups of objectors filed appellate briefs.

The appeals effort is running alongside the main case onliability and damages for the 2010 disaster, which is beingheard by Judge Carl Barbier and due to start up again at the endof this month. That case is In re: Oil Spill by the Oil Rig"Deepwater Horizon" in the Gulf of Mexico, on April 20, 2010,U.S. District Court, Eastern District of Louisiana, No.10-md-02179.

The expedited appeals case is "Lake Eugenie Land &Development Inc, et al. vs BP Exploration & Production Inc etal." No. 13-30095, while BP's appeal is "BP Exploration &Production Inc et al. vs Lake Eugenie Land & Development Inc, etal." No. 13-30329. Both are in the U.S. Court of Appeals for theFifth Circuit.

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Three New England states extend offshore wind solicitation due date

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18 Jan 2024 20:32

EXECUTIVE CHANGES: Eco Buildings chair leaves and vice chair ousted

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17 Jan 2024 15:03

London close: Stocks slip after surprise jump in UK inflation

(Sharecast News) - London's financial markets experienced a downturn on Wednesday, as a surprising increase in UK inflation and sluggish Chinese GDP growth impacted investor sentiment.

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17 Jan 2024 12:10

BP's Auchincloss named CEO, reaffirms energy transition plan

Auchincloss was interim CEO

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17 Jan 2024 08:48

LONDON MARKET OPEN: UK inflation surprises markets sending stocks down

(Alliance News) - Stock prices in London took a hit on Wednesday morning, after some hotter-than-expected UK inflation data added to interest rate worries.

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17 Jan 2024 08:33

TOP NEWS: BP buys Getec Energie; promotes Auchincloss to permanent CEO

(Alliance News) - BP PLC on Wednesday said that it will buy Getec Energie GmbH as it promoted Murray Auchincloss to the role of permanent chief executive officer.

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17 Jan 2024 07:46

LONDON BRIEFING: UK inflation surprises as unexpectedly rises to 4.0%

(Alliance News) - Stocks in London are called to open lower on Wednesday, following some hotter-than-expected consumer price data from the UK.

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17 Jan 2024 07:11

BP names acting CEO Murray Auchincloss as permanent leader

(Sharecast News) - BP has named its former chief financial officer Murray Auchincloss as its permanent chief executive, after having served in an interim capacity for the past four months.

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16 Jan 2024 21:28

PRESS: BP close to naming acting CEO Auchincloss as permanent chief

(Alliance News) - Directors of BP PLC were meeting on Tuesday evening to finalise the appointment of Murray Auchincloss, the company's acting chief executive, as its permanent boss, according to a report.

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16 Jan 2024 16:38

Shell halts Red Sea shipments over attack fears from Yemeni rebels

(Alliance News) -London-based oil major Shell PLC has paused transit through the key Red Sea shipping route indefinitely, over fears of escalating tensions involving Yemen's Houthi rebels, according to a media report on Tuesday.

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16 Jan 2024 13:13

Shell in Nigeria

LONDON, Jan 16 (Reuters) - Shell pioneered Nigeria's oil and gas industry and remains a major investor in the West African country even after exiting its onshore operations. But over the decades the British company has come under fire over spills in the Delta region and struggles with oil theft, corruption and oil-fuelled violence.

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12 Jan 2024 15:39

London close: Stocks rise on positive UK economic data

(Sharecast News) - London's financial markets closed on a positive note today, buoyed by fresh data indicating that the UK economy had returned to growth in November.

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8 Jan 2024 19:48

Shell signs 20-year purchase deal with Canadian Ksi Lisims LNG project

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8 Jan 2024 16:59

LONDON MARKET CLOSE: Stocks mixed as eyes on US inflation data

(Alliance News) - Stock prices in London closed mixed Monday, with oil majors holding down higher gains in the FTSE 100 index.

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8 Jan 2024 16:38

London close: Stocks manage positive finish after mixed session

(Sharecast News) - London's financial markets experienced a mixed trading day on Monday, with the FTSE 100 and FTSE 250 indices closing in positive territory after spending much of the session in the red.

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