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Oil Rig Explosion

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  1. Gulf Oil Platform Explosion
  2. Vessels of Opportunity
  3. Oil Spill
  4. Deepwater Horizon
  5. BP
  6. Gulf Oil Spill
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BP To Contest $34 Billion Gulf Suits From State, Local Governments

BP PLC (BP.LN) plans to "vigorously contest" legal claims for tens of billions of dollars in damages stemming from the 2010 Gulf of Mexico disaster, describing the lawsuits as "seriously flawed."Demands from U.S. state and local governments for $34 billion risk ballooning BP's overall bill for the Deepwater Horizon rig explosion and oil spill to more than $90 billion, more than double the amount the U.K oil giant has already provisioned for and underscores how after almost three years the Deepwater Horizon disaster still weighs on BP.BP Chief Executive Bob Dudley said the firm intends to contest the state economic claims "vigorously in court."Alabama, Mississippi, Florida and Louisiana are seeking the money in compensation for economic losses and property damage caused by the incident, the company disclosed in an earnings filing Tuesday. BP is already facing spill costs of around $58 billion, which includes penalties, damages and cleanup costs the U.K.-based energy giant has already pa...

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  1. Kenneth Feinberg on the Lack of Proof for Many BP Spill Claims

    BP Compensation Fund Administrator Kenneth Feinberg on why most of the 800,000 BP spill claims have been denied.

  2. Devon Energy Profit Slips in 4Q on Worse-Than-Expected Sales

    Hurt by weaker-than-expected sales, Devon Energy (NYSE:DVN) reported a narrowed fourth-quarter profit, though it continued with its divestiture plan through the quar...

  3. Halliburton 4Q Profit Surges on U.S. Demand

    Despite still tepid activity in the Gulf of Mexico, Halliburton (NYSE:HAL) revealed on Monday a much stronger-than-expected fourth-quarter profit, fueled primarily b...

  4. Earthquakes Lead 2010 Catastrophes, Cost Insurers Big

    Natural and man-made catastrophes took more lives and caused more global economic damage this year than in 2009, while more developed insurance systems better coped ...

  5. NEWSMAKER-Judge handling spill lawsuits a 'straight shooter'

    By Tom HalsNEW ORLEANS, (Reuters) - The judge overseeinghundreds of lawsuits spurred by BP Plc's Gulf of Mexico oilspill brought his much-noted calm, easy manner to ...

  6. BP to Issue Report on Gulf Oil Disaster

    FBN's Connell McShane on the report detailing what led to the rig explosion and oil spill.

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  8. Oil spill seen in Gulf platform explosion

    (Recasts with oil sheen, adds analysis, background)By Erwin Seba and Bruce NicholsHOUSTON (Reuters) - An oil and gas platform in theGulf of Mexico exploded on Thursd...

  9. Report: Mariner Energy Oil Rig Explodes in Gulf

    FBN's Robert Gray on details of the explosion at the oil rig in the Gulf of Mexico.

  10. Apache's Stock Feels Heat from Mariner Explosion

    Apache’s ( APA ) shares dipped about 2% Thursday afternoon in the wake of a rig explosion at Mariner Energy ( ME ), which Apache agreed to acquire in April for $2.7 ...

  11. BP Oil Spill: 4 Months Later

    API Senior Economic Advisor Rayola Dougher on how the oil spill has changed the industry.

  12. Mexico delays deepest planned offshore oil well

    (Recasts, adds details on rig, background on Mexican deepwater drilling; adds byline)By Timothy GardnerWASHINGTON (Reuters) - Mexico's state oil company Pemex will d...

  1. Court Approves $4 Bln BP Spill Settlement: Report

    A federal judge has approved a settlement that calls for BP PLC plead guilty to manslaughter and pay $4 billion in penalties for its part in a 2010 oil spill that wr...

  2. Worker Burned In Oil-rig Fire Dies

    One of the men who was severely burned in the explosion and fire at an oil rig in the Gulf of Mexico last week died Friday, the Associated Press reports. Avelino Taj...

  3. TransCanada Submits Supplemental Environmental Report to Nebraska for Alternate Keystone Route

    TransCanada Corp. (TRP) on Wednesday submitted environmental impact reports for a proposed reroute of the Nebraska leg of its controversial Keystone XL pipeline expa...

  4. BP Agrees to $2.5 Billion Sale Of Carson Refinery To Tesoro

    BP PLC (BP, BP.LN) said Monday it has agreed to sell its Carson refinery in southern California and related marketing assets to Tesoro Corp. (TSO) for $2.5 billion, ...

  5. How Every Manager Can Create a Culture That Works

    If you want to run a high-performing company, you can't afford employees who are just along for the ride. From corner office to cubby, your work force must be fully ...

  6. BP Could Reach Settlement for Gulf Spill this Week

    FBN's Adam Shapiro breaks down afternoon market news.

  7. BP's Arctic Plans Fall Through

    BP ’s (NYSE:BP) hopes of ramping up Arctic oil production were shattered on Tuesday after it failed to secure a $16 billion share swap with Russia’s Rosneft, though ...

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