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Bp Plc

July 27, 2010
NEW ORLEANS (AP) -- The American picked to lead oil giant BP as it struggles to restore its finances and oil spill-stained reputation pledged Tuesday that his company will remain committed to the Gulf region even after the busted well is sealed. Robert Dudley will become BP PLC's first ever non-British chief executive, the company said as it reported a record quarterly $17 billion loss and set aside $32.2 billion to cover costs from the spill. Ending weeks of speculation, BP confirmed that gaffe-prone Tony Hayward will step down Oct. 1 as the London-based company seeks to reassure both the public and investors that it is learning lessons from the spill.
May 4, 2010
NEW ORLEANS (AP) -- The sea calmed Tuesday, helping efforts to fight a massive oil slick in the Gulf of Mexico but providing scant comfort for people along beaches and bayous waiting anxiously to find out when and where the mess might come ashore. So far only sheens have reached into some coastal waters, and the oil's slow movement despite an uncapped seafloor gusher has given crews and volunteers time to lay boom in front of shorelines. That effort was stymied by choppy seas into the weekend, but officials were optimistic Tuesday as the sun came out and winds eased.
June 2, 2010
PORT FOURCHON, La. (AP) -- As the crude crept closer to Florida, the risky effort to contain the nation's worst oil spill hit a snag Wednesday when a diamond-edged saw became stuck in a thick pipe on a blown-out well at the bottom of the Gulf. Coast Guard Adm. Thad Allen said the goal was to free the saw and finish the cut later in the day. This is the latest attempt to contain -- not plug -- the gusher. The best chance at stopping the leak is a relief well, which is at least two months from completion.
August 4, 2010
NEW ORLEANS (AP) -- BP claimed a key milestone Wednesday in the effort to plug its blown-out well as a government report said much of the spilled oil is gone, heartening officials who have taken heat during the tricky cleanup but leaving some Gulf Coast residents skeptical. BP PLC reported that mud forced down the well overnight was pushing the crude back down to its source for the first time since the Deepwater Horizon rig exploded off Louisiana on April 20, killing 11 workers.
May 3, 2010
VENICE, La. (AP) -- BP PLC gave some assurance Monday to shrimpers, oil workers and scores of others that they will be paid for damage and injuries from the explosion of a drilling rig and the resulting massive oil spill in the Gulf. A fact sheet on the company website says BP takes responsibility for cleaning up the spill and will pay compensation for "legitimate and objectively verifiable" claims for property damage, personal injury and commercial losses. President Barack Obama and several attorneys general have asked the company to explain what exactly that means.
July 16, 2010
NEW ORLEANS (AP) -- BP says there are no signs that its busted Gulf of Mexico well has started leaking underground more than a day after it was capped. Kent Wells, a BP PLC vice president, said on a Friday evening conference call that engineers are closely monitoring pressure as well as the temperature and sounds around the well. BP would immediately reopen the cap and let oil back into the Gulf if it sees signs of a leak lower on the well bore. Wells said pressure readings suggest the reservoir deep underground that feeds the well may be depleting after the three-month spill.
May 27, 2010
WASHINGTON (AP) -- Escalating his administration's response to the disastrous Gulf oil spill, President Barack Obama plans to announce Thursday that a moratorium on new deepwater oil drilling permits will be continued for six months while a presidential commission investigates, a White House aide said. Controversial lease sales off the coast of Alaska will be delayed pending the results of the commission's investigation, and lease sales planned in the Western Gulf and off the coast of Virginia will be canceled, the aide said, speaking on condition of anonymity ahead of a midday Obama news conference.
August 3, 2010
ON THE GULF OF MEXICO (AP) -- In a significant step toward stopping the worst offshore oil spill in U.S. history, BP said Wednesday mud that was forced down its blown-out well was holding back the flow of crude in the Gulf of Mexico and it was in a "static condition. " Workers stopped pumping mud in after about eight hours of their "static kill" procedure and were monitoring the well to ensure it remained stable, BP said. "It's a milestone," BP PLC spokeswoman Sheila Williams said.
August 20, 2009
EDINBURGH, Scotland (AP) -- Scotland freed the terminally ill Lockerbie bomber on compassionate grounds Thursday, allowing him to go home to Libya to die and rejecting American pleas for justice in the 1988 attack that killed 270 people. The White House said it "deeply regrets" the Scottish decision and U.S. family members of Lockerbie victims expressed outrage. "I think it's appalling, disgusting and so sickening I can hardly find words to describe it," said Susan Cohen of Cape May Court House, New Jersey, whose 20-year-old daughter, Theodora, died in the attack.
February 2, 2011
The embattled administrator of the $20 billion compensation fund for Gulf oil spill victims is not independent from BP and must stop telling potential claimants that he is, a federal judge ruled Wednesday, just hours after the fund czar released details on how final payments would be determined. U.S. District Judge Carl Barbier said in a ruling that he is ordering BP, claims czar Ken Feinberg and any of their agents to change the way they communicate with people seeking money from the fund.
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