BP has requested the US Supreme Court permission to freeze compensation claims as it waits for another judge in the court to review its litigation over businesses caught up in 2010’s Gulf of Mexico oil disaster, The Independent reported on May 29.
Aker Solutions has secured a framework agreement to provide engineering, modifications and maintenance services for BP-operated oil and gas fields offshore Norway, Aker Solutions’ press office said on May 28.
BP Plc (BP/) faces billions of dollars in additional payments after failing again to convince an appeals court that the company is being forced to pay claims that aren’t directly related to the 2010 Gulf of Mexico oil spill, Bloomberg said on May 20.
Kuwait signed a five-year liquefied natural gas (LNG) supply deal with BP on May 13, worth an estimated $3 billion, as it seeks to meet rising energy demand to power air conditioning during the scorching Gulf summers, Reuters reported on May 13.
With the Oil Ministry indicating that a new gas price may be delayed by a quarter, Reliance Industries has said the postponement may stall $4 billion of investment in KG-D6 block's second-biggest gas field, Business Standard reported on May 9.
BP on April 29 announced its financial results for the first quarter of 2014. Underlying replacement cost profit for the quarter was $3.2 billion, compared with $2.8 billion for the previous quarter and $4.2 billion for the first quarter of 2013.
The chief executive of Russia's state-controlled energy giant, Rosneft, has said sanctions imposed on him by the US will not affect the company's trade, the BBC reported on April 28.
Azerbaijan's state energy company SOCAR's Shipyard and British BP signed an agreement to construct a multipurpose vessel, Azernews reported on April 24.
BP on April 22 announced that it has agreed to sell interests in four BP-operated oilfields on the North Slope of Alaska to Hilcorp.
The board of Russia's top oil producer, Rosneft, has approved deals to sell more than 2 million tonnes of crude oil, worth more than $1.5 billion, to BP, the Kremlin-controlled company said in a regulatory filing on April 21, Reuters has reported.