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Will BP plc Survive In A Low Oil Price World?

Wednesday, 01 July 2015 05:26 Written by
Tweet Life as a BP(LSE: BP)(NYSE: BP.US) investor has been incredibly tough over the last handful of years. Firstly, there was the tragedy of the Deepwater Horizon oil spill, for which BP is still making compensation payouts. Then there was weakening investor sentiment following the decision to impose sanctions on Russia, with BP’s near-20% stake in Rosneft causing investors to become concerned about its long term future in the country.
God and Oil at Harvard: CEO Sees Faith Saving Capitalism
Tuesday, 30 June 2015 20:37 Written by
James Hackett is on a mission to become an evangelist for capitalism and responsible fossil fuel development. He poses, with all seriousness, a rhetorical question that makes a lot of people of a certain political persuasion uneasy these days: Can God, free markets and oil mix? Hackett knows a lot about oil and gas. He became chief executive officer of Anadarko Petroleum Corp. in 2003, taking charge of a sputtering bit player thought to be
McCalla woman in prison for BP oil spill fraud charged with tax evasion, food stamp fraud
Tuesday, 30 June 2015 19:19 Written by
A McCalla woman serving time in prison for fraudulent claims connected to the 2010 BP oil spill is now being charged with tax evasion and food stamp fraud, according to authorities. Sherica Lacey Lee, 33, was charged with one count of tax evasion and one count of wire fraud last week, according to a press release from office of United States Attorney of Northern Alabama Joyce White Vance. The new charges allege that Lee evaded
City researcher’s slick solution to oil spills
Tuesday, 30 June 2015 17:53 Written by
Deeksha Gupta, 29, found a plant-based molecule to convert the slicks into oil mounds which can subsequently be burnt in a lesser area away from the shores A Bengaluru-based researcher Deeksha Gupta is all set to become the cynosure of global environmental agencies and multi-billion dollar petroleum corporations who have to often grapple with crude oil spill disasters in the oceans. She and her team members have developed the first eco-friendly biodegradable green 'herding' agent
Woman serving time for BP oil spill fraud now charged with food stamp fraud, tax evasion
Tuesday, 30 June 2015 16:17 Written by
Related CoverageBIRMINGHAM, Ala. (WIAT) – Federal prosecutors charged Sherica Lacey Lee, 33 of McCalla, with one count of tax evasion and one count of wire fraud. Lee was already serving time for attempting to defraud the Gulf Coast oil spill claims fund. According to a press release from U.S. Attorney Joyce White Vance’s office, Lee was charged for evading income tax and food stamp fraud. “This defendant is in prison for trying to steal money…
Supreme Court denies appeal by BP, Anadarko over oil spill fines
Tuesday, 30 June 2015 16:07 Written by
Anadarko Petroleum and Australia's Origin Energy seek a deepwater well drilling program off the coast of New Zealand. "The formations we're looking at are large, they look like they have the potential to meet our criteria for multiple trillions of cubic feet of gas," said Alan Seay, a spokesman for Anadarko. "We're seeing similar-sized formations to what we've seen in places like Mozambique," he added.
Ex-BP engineer deserves new Gulf spill trial-U.S. appeals court
Tuesday, 30 June 2015 15:12 Written by
June 30 A former BP Plc engineer deservesa new trial on an obstruction of justice charge related to the2010 Gulf of Mexico oil spill, a federal appeals court ruled onTuesday. The 5th U.S. Circuit Court of Appeals in New Orleans agreedwith a lower court judge's decision last June to throw out thedefendant Kurt Mix's December 2013 conviction. U.S. District Judge Stanwood Duval acted after learning thatthe jury forewoman admitted to having heard in a courthouseelevator…
Former BP Engineer Should Get New Trial, Appeals Court Rules
Tuesday, 30 June 2015 14:36 Written by
NEW ORLEANS—A former BP engineer is entitled to a new trial on an obstruction of justice charge stemming from an investigation of the 2010 Gulf of Mexico oil spill, a federal appeals court ruled Tuesday. The 5th U.S. Circuit Court of Appeals upheld a lower-court ruling that granted Kurt Mix a new trial because of jury misconduct in his 2013 trial. Prosecutors accused Mr. Mix of deleting text messages about the amount of oil...
Russia's Rosneft charged over pipeline leak that caused oil to come out of taps
Tuesday, 30 June 2015 13:38 Written by
Russia’s environmental watchdog has opened a case against state-owned oil corporation Rosneft after a pipeline leak resulted in oily water filling backyards and flowing out of locals’ taps in Siberia. RN Yuganskneftegaz, a subsidiary of Rosneft, has been charged with an administrative violation of water protection regulations leading to contamination. The leak occurred last week just outside Nefteyugansk, a major oil town near the Ob river in the Khanty-Mansiysk region of Siberia, and quickly contaminated
Appeals court says former BP engineer is entitled to new trial in Gulf oil spill probe
Tuesday, 30 June 2015 13:00 Written by
NEW ORLEANS — A federal appeals court says a former BP engineer is entitled to a new trial on an obstruction of justice charge related to the investigation of the 2010 Gulf of Mexico oil spill. The 5th U.S. Circuit Court of Appeals on Tuesday upheld a lower court ruling that Kurt Mix deserves a new trial because of jury misconduct in his earlier trial. Prosecutors accused Mix of deleting text messages about the

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