British Petroleum
US judge approves BP's $20-bn Gulf spill settlement
05 Apr 2016
A US federal judge granted final approval to the settlement over the 2010 Gulf of Mexico oil spill, which will cost BP an estimated $20.8 billion, making it the biggest environmental settlement in US history
BP agrees to record $18.7 billion settlement over Gulf of Mexico oil spill
03 Jul 2015
The $18.7 bn deal would meet damage claims of the federal government, the states of Alabama, Florida, Louisiana, Mississippi and Texas, as also over 400 local government entities along the coast
US judge rejects BP’s bid to cut maximum civil fine in Deepwater Horizon explosion and oil spill
20 Feb 2015
BP writes down value of KG-D6 stake over pricing issues
04 Feb 2015
British explorer BP Plc has written down the value of its investment in the eastern offshore Krishna-Godavari D6 block by $790 million, besides another $830 million in impairment charges, following lower-than-expected gas price hike
BP Plc pegs restructuring charges at $1 bn
11 Dec 2014
BP to let go middle management as oil price fall bites
09 Dec 2014
BP, which suffered a major setback in the Gulf of Mexico oil spill and subsequent compensation claims and is now struggling with low oil prices, plans to reduce the number of managers across all “layers above operations”
BP found to be “grossly negligent” in Deepwater Horizon disaster
05 Sep 2014
BO, which has already voluntarily spent $28 billion on damage claims and clean up costs, has been accused by a federal judge of gross negligence, and may face $18 billion in fresh civil penalties
RIL, ONGC, BP, Cairn unite to demand immediate price hike
26 Aug 2014
While gas producers say 10 trillion cubic feet of gas cannot be developed at the current below-market rate of $4.2 per million British thermal unit, power producers say they cannot afford more than $5 a unit
US Supreme Court rejects BP's appeal on payments to businesses
10 Jun 2014
The US Supreme Court on Monday declined to block payments BP was required to make to businesses demanding compensation for the 2010 Gulf of Mexico oil spill
RIL gets partners BP, Niko to fight government
20 Mar 2014
BP inks $16-bn deal with Oman to produce hard rock gas
16 Dec 2013
British oil explorer BP Plc has signed a 30-year deal to work on a $16 billion worth of gas projects in Oman that aims to extract around one billion cubic feet of gas per day
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
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Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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