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Stock Market & Financial Investment News

News Breaks
January 30, 2013
06:08 EDTBPBP $4B guilty plea wins final approval
BP yesterday announced that the U.S. District Court for the Eastern District of Louisiana has accepted the company’s plea resolving all federal criminal charges against the company stemming from the Deepwater Horizon accident, oil spill, and response. The company offered its plea to the Court and was sentenced in connection with the agreement BP reached with the Department of Justice on November 15, 2012. As previously announced, BP will pay $4B over a period of five years and will serve a term of five years’ probation. Pursuant to the terms of the plea agreement, the Court also ordered certain equitable relief, including additional actions related to BP’s risk management processes as well as several initiatives with academia and regulators to develop new technologies related to deepwater drilling safety. In addition, as outlined in the company’s November 2012 agreement with the DOJ, BP will appoint a process safety monitor and an ethics monitor, both with a term of four years, and an independent auditor will report annually on BP’s compliance with the remedial terms of probation.
News For BP From The Last 14 Days
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May 21, 2015
07:25 EDTBPUBS to hold a conference
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May 20, 2015
17:04 EDTBPBP to pay Transocean $125M in compensation for legal fees
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17:03 EDTBPTransocean reaches settlement agreements with BP, PSC
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15:01 EDTBPHalliburton reaches agreement with BP to resolve remaining issues
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May 18, 2015
10:01 EDTBPOn The Fly: Analyst Downgrade Summary
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08:12 EDTBPBP downgraded to Sell from Neutral at Goldman
Goldman downgraded BP to Sell based on limited upstream growth, a slowdown in asset disposals, and ongoing overhang from Macondo.
May 15, 2015
06:44 EDTBPEnvironmentalists file lawsuit over oil train safety rules, NY Times says
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May 12, 2015
05:38 EDTBPTechnip awarded lump sum project by BP Exploration & Production
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May 11, 2015
13:28 EDTBPOPEC sees oil at around $76 a barrel in 2025, WSJ says
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May 8, 2015
18:09 EDTBPCourt says BP can appeal some Gulf spill damages claims, Reuters reports
A U.S. federal appeals court said BP should be allowed to appeal some damage claims awarded to those in connection with the 2010 Gulf of Mexico oil spill, Reuters reports. The decision by the 5th U.S. Circuit Court of Appeals in New Orleans may help BP limit its payout to victims of the Deepwater Horizon drilling rig explosion, Reuters added. Reference Link

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