July 20, 2010 |
Apache Corp. said Tuesday it agreed to buy a handful of BP's oil and natural gas fields throughout North America and Egypt for $7 billion, though the oil giant's Prudhoe Bay, Alaska operations were not part of the deal. Apache Corp., known for purchasing mature oil and gas properties and wringing more value out of them, will scoop up BP properties in Alberta and British Columbia, as well as the Permian Basin of West Texas and New Mexico and Egypt's Western Desert. All told, the Houston oil and gas company will add estimated proved reserves of 385 million barrels of oil equivalent to its portfolio.
May 3, 2010 |
Robots using giant hydraulic shears finished cutting away the pipe atop a BP well gushing oil into the Gulf of Mexico, clearing the way for a cap to be placed over the well on Thursday in an effort to contain the 45-day-old spill. Cutting away the riser pipe is "a significant step forward," Coast Guard Adm. Thad Allen, the national incident commander, said at a briefing Thursday morning. "The challenge now is to seal that containment cap over it." Allen said the shears used in the cutting did not give the clean edges that officials had hoped for, which could make it more difficult to fit the cap tightly over the pipe.
June 4, 2010 |
A cap placed atop a gushing well on the floor of the Gulf of Mexico could allow BP officials to begin pumping oil to the surface later Friday, the Coast Guard admiral leading the response to the disaster said, but he warned that strong winds had sent oil surging to the Florida Panhandle and had split the disaster into several slicks that would strain the resources available to clean them up. "The scope of this thing is starting to extend to...
August 13, 2010
News that BP is unlikely to pay any claims related to mental-health problems caused by the oil spill has angered health groups around the country. On Friday, the American Psychiatric Assn. became the latest organization to demand that BP treat mental-health claims similarly to claims of physical illness or injury caused by the spill. BP claims administrator Kenneth Feinberg testified recently before the House Judiciary Committee that the company will probably not spend any of the $20 billion relief fund to settle mental-health claims.
February 23, 2014 |
It would be perfectly proper for BP, the giant British oil company, to feel a sense of corporate remorse. After all, the firm was responsible for the 2010 Gulf of Mexico oil spill disaster, the Deepwater Horizon oil rig explosion and well blowout that took 11 lives and created "immense environmental damage" in and around the gulf. (Those words were uttered by a Department of Justice official just over a year ago, when BP pleaded guilty to a dozen felony charges and agreed to pay $4 billion in penalties and fines.)
April 25, 2012 |
The British, it seems, are not enamored of British Petroleum, even when it shells out big bucks to support the nation's greatest literary treasure. A group of actors staged their own protest play Monday night before a performance of "The Tempest" at Shakespeare's birthplace, Stratford-upon-Avon, to express their displeasure with a sponsorship deal involving the oil giant. BP is supporting the World Shakespeare Festival, a joint venture between the Royal Shakespeare Co. and the Globe Theatre that is being billed as the biggest Shakespeare festival ever held.