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BP strongly disagreed with the ruling and filed an immediate appeal. [28] [361] On 2 July 2015, BP, the U.S. Justice Department and five gulf states announced that the company agreed to pay a record settlement of $18.7 billion. [362] To date BP's cost for the clean-up, environmental and economic damages and penalties has reached $54 billion. [363]
A BP spokesman said rigs hired by BP have had better safety records than the industry average for six years running, according to MMS statistics that measure the number of citations per inspection. BP has been a finalist for a national safety award from the MMS for the past two years.
BP p.l.c. (formerly The British Petroleum Company p.l.c. and BP Amoco p.l.c.; stylised in all lowercase) is a British multinational oil and gas company headquartered in London, England. It is one of the oil and gas " supermajors " and one of the world's largest companies measured by revenues and profits. [ 3 ]
LONDON -- A year ago, I wrote the article "A Year of Shocks for BP." A year later, it has been a year of recovery for BP . The company has been busy paying off the liabilities after the Deepwater ...
Oil prices were lower by nearly 10% Monday morning and likely have more downside potential as we will "likely see negative demand" for the commodity this year, BP (NYSE: BP) CFO Brian Gilvary said ...
BP says that if oil reaches the shore, it would do more environmental harm than if it were dispersed off the coast. It notes that Corexit is the only product that is available in sufficient quantities to deal with the spill. [69] [70] May 24 – BP says it currently has no plans to use explosives on the well.
BP (BP ) has been ordered to retrieve the section of pipe that has the blowout preventer, the mechanism that failed and helped to cause the explosion that wrecked the Deepwater Horizon rig, which ...
Deepwater Horizon was an ultra-deepwater, dynamically positioned, semi-submersible offshore drilling rig [7] owned by Transocean and operated by the BP company. On April 20, 2010, while drilling in the Gulf of Mexico at the Macondo Prospect, a blowout caused an explosion on the rig that killed 11 crewmen and ignited a fireball visible from 40 miles (64 km) away. [8]