BP plc (BP) Expected to Lose Over $2B Worth of U.S. Gov't Contracts
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U.S. Awards to BP (BP) Accelerate in Year Following Deepwater Horizon Incident
February 6, 2013 12:22 PM ESTBP plc (NYSE: BP) came under much ridicule following the Deepwater Horizon incident in 2010 and for good reason: it cost lives and was one of the worst environmental disasters to happen in the U.S.
That doesn't mean it can't vie for a few government... More
EPA Temporarily Suspended BP (BP) from New Contracts with the Federal Government
November 28, 2012 8:45 AM ESTOn Wednesday, the U.S. Environmental Protection Agency (EPA) announced that it has temporarily suspended BP Exploration and Production, Inc., BP PLC (NYSE: BP) and named affiliated companies (BP) from new contracts with the federal government. EPA is taking this action due to BPs lack of business integrity as demonstrated by the company's conduct with regard to the... More
BP (BP) to Sell North Sea Assets in Over $1.3B Deal with TAQA
November 28, 2012 6:49 AM ESTBP plc (NYSE: BP) announced today that it has agreed to sell its interests in a number of central North Sea oil and gas fields to TAQA for $1.058 billion plus future payments which, dependent on oil price and production, BP currently expects will exceed $250 million. The assets included in the sale are BPs interests in the BP-operated Maclure, Harding and Devenick... More
BP plc (BP) Appoints James McKay as Upstream CEO
November 23, 2012 10:05 AM ESTBP plc (NYSE: BP) announced the appointment of Lamar McKay as Chief Executive, Upstream. He will take up the position with effect from January 1, 2013.
In his new role, McKay will lead BPs combined Upstream business, comprising the Exploration, Developments and Production divisions together with the Upstream strategy and integration team.
These Upstream functional divisions were formed in late 2010 in a major re-organisation of BPs Upstream segment designed to improve risk... More
