BP PLC (BP_pb.L)
28 Sep 2016
LONDON BP has sold its biggest office building in Britain to a local council for an estimated 360 million pounds ($468 million), according to industry sources, and will remain in the premises as a tenant.
LONDON Tony Hayward, the former BP boss, is set to step down next year as chairman of Genel Energy, which he founded in 2011 and became the biggest oil and gas producer in Iraqi Kurdistan, three sources close to the company said.
BP PLC did not violate a federal law governing employee benefit plans by continuing to invest in company stock despite knowing about safety risks in the time before the deadly Deepwater Horizon oil spill, a U.S. appeals court said on Tuesday.
A federal judge has let move forward a man's lawsuit alleging BP PLC used without compensating him his design for a prototype cap to stop the flow of oil from the Deepwater Horizon disaster in April 2010.
CAIRO BP has signed amendments to the Temsah, Ras El Barr and Nile Delta Offshore concessions in Egypt, allowing for the development of the Nooros field, the company said on Tuesday.
HOUSTON A tanker carrying over 1 million barrels of U.S. light crude finished discharging on Monday after a 100-day wait related to payment delays from Venezuela's state-run PDVSA to oil major BP Plc, according to Thomson Reuters vessel tracking data.
MUMBAI Castrol Ltd, a unit of BP Plc , is selling an up to $261 million stake in Castrol India Ltd in a block trade on Tuesday, according to a termsheet seen by Reuters.
FRANKFURT/LONDON At least three leading chemical companies are set to vie for BP's stake in Chinese petrochemicals joint venture SECCO which could fetch more than $2 billion, sources close to the process said.
FRANKFURT/LONDON, Sept 14 At least three leading chemical companies are set to vie for BP's stake in Chinese petrochemicals joint venture SECCO which could fetch more than $2 billion, sources close to the process said.