U.S. court upholds BP settlement for gulf oil spill

Jan 11, 2014

U.S. court upholds BP settlement for gulf oil spill

A U.S. federal appeals court upheld Friday a multibillion-dollar settlement between BP and the coastal residents and businesses hit by the company’s massive Gulf of Mexico oil spill in 2010. The British energy giant reached a $7.8 billion settlement in 2012 with thousands of ...

Aug 20, 2013

Papers detail CIA role in Iran coup

The CIA has admitted orchestrating the August 1953 coup that toppled Iran’s prime minister after he tried to nationalize his country’s oil wealth from Britain, a declassified document shows. The Central Intelligence Agency’s role in the overthrow of Mohammad Mossadegh has long been known, ...

Aug 14, 2013

BP sues U.S. over ban from contracts after spill

British energy giant BP is suing the U.S. government for banning it from federal contracts after the deadly 2010 Deepwater Horizon disaster in the Gulf of Mexico, documents showed Tuesday. The U.S. Environmental Protection Agency last year barred BP from competing for new federal ...

Mar 26, 2013

Shale gas no panacea: ex-BP chief

U.S. shale gas is not the silver bullet for Japan’s energy problems in the short term, according to John Browne, former chief executive of British energy giant BP PLC. Browne insisted that shale gas has to be economically viable for it to fulfill Japan’s ...