BP

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CEO of BP Abruptly Resigns
BP's CEO Abruptly Resigns
Sep 13, 2023 1:38 AM CDT

BP's CEO Abruptly Resigns

Bernard Looney steps down amid review of his relationships with colleagues

(Newser) - Less than four years into his time as CEO of British oil and gas giant BP, Bernard Looney is out. Looney resigned, effective immediately, in what the Guardian calls a "surprise move" Tuesday night. The energy company told investors Looney, who had been with the firm since he was...

Why I'm Supporting BP Against the Lawyers

Joe Nocera: BP has already paid the spill victims—lawyers are just being greedy

(Newser) - BP can afford to pay the settlement for a lawsuit filed against it for the Gulf oil spill—but it shouldn't have to, says Joe Nocera in the New York Times . "BP is the best example I’ve ever seen of a company that actually tried to find...

Kevin Costner Beats Baldwin Lawsuit

Jury rejects $17M fraud claim over BP deal

(Newser) - It was aquaboy vs. Stephen Baldwin, and aquaboy won. A federal jury last evening tossed out a claim by Baldwin and a friend that Costner and a business partner duped them by keeping them in the dark about a multimillion-dollar deal between Costner's company, Ocean Therapy Solutions, and the...

BP Fined $25M for 2006 Alaska Spills

It's the largest per-barrel assessment ever imposed for a spill

(Newser) - Another blow to BP's coffers—and reputation: The oil company has been fined $25 million for two Alaska pipeline spills in 2006 . The civil fines will settle charges arising from both the spills and BP's non-compliance with court orders to properly maintain the pipelines, the New York Times...

Feds Grab BP's Blowout Preventer

Evidence ferried to NASA facility for examination

(Newser) - No sooner had BP raised the device that was supposed to prevent an oil well blowout in the Gulf of Mexico than the US Coast Guard took possession of it yesterday. The blowout preventer will be a key piece of evidence in the US probe into what went wrong in...

BP Spends $1M a Week on Ads
 BP Spends $1M a Week on Ads 
Aug 30, 2010 11:12 AM CDT

BP Spends $1M a Week on Ads

Oil giant expected to admit to spending today

(Newser) - This is sure to go over real well with the public: BP is expected to report today that it has spent $1 million a week advertising since the oil spill. The figure will be part of the company's report to the US House of Representatives, the Telegraph reports. The ad...

'Static Kill' Worked; Well Is Plugged: BP

(Newser) - The cement sealing the blown oil well in the Gulf of Mexico has hardened as crews prepare for the final phase of drilling a relief well, BP said today. The oil giant said pressure tests on the cement plug poured down the throat of the well show the seal is...

BP May Drill Again Near Blown-Out Well

Company won't forget about rich oil find, despite spill

(Newser) - BP workers have moved into the second stage of the " static kill ," ensuring that the well in the Gulf will never again spew forth oil—unless BP resumes drilling into the reservoir beneath it. The company's COO is already suggesting that BP may want to go back for...

BP: Relief Well May Not Be the Answer

Firm might try to plug busted wellhead directly

(Newser) - BP officials say the role of a relief well long considered the only surefire way to kill the Gulf oil leak is now unclear. A BP exec said today engineers may pump cement directly into the failed well using a surface ship. The company had already said it might do...

New BP CEO Proposes 'Scaleback' in Cleanup

Surface skimmers less necessary now: Dudley

(Newser) - BP's incoming CEO said today it's time for a "scaleback" of the massive effort to clean up the Gulf of Mexico oil spill, but stressed the commitment to make things right is the same as ever. Tens of thousands of people—many of them idled fishermen—have been involved...

Defiant Hayward: I Was Spill's Whipping Boy

Says he was vilified for doing the right thing

(Newser) - "I became a villain for doing the right thing," departing BP head Tony Hayward said in his first interview since resigning, complaining that he had become a whipping boy in the US because "people find it easier to vilify an individual more than a company." In...

Rig's Alarm System Disabled on Day of Blast

Functioning alerts would have warned of explosion: technician

(Newser) - An electronics technician aboard the ill-fated oil rig Deepwater Horizon told an investigative panel today that an alarm system was partially shut down on the day the rig exploded. Mike Williams said the system was turned on to monitor for fire, explosive gas, and toxic gas but that its sound...

BP's New Plan: Static Kill
 BP's New Plan: Static Kill 


Jul 20, 2010 7:57 AM CDT

BP's New Plan: Static Kill

'In a good position not to have a catastrophic event'

(Newser) - Once again, BP has a new plan. This one's called a "static kill" and could, the company says, make it possible to permanently seal the Deepwater Horizon well sooner than had been expected. The procedure would pump heavy mud into the capped well, forcing oil and gas back down...

Worries Over Leaks Mean Another Day of Tests

'Anomalies' spur caution, Thad Allen says

(Newser) - Worries over "anomalies" and seeping oil near the site of the Gulf spill have led authorities to order another day of testing on the cap over the damaged BP well, CNN reports . "There is no indication at this time this is any indication of a significant problem in...

Senators to Press British PM on Lockerbie Bomber

Lawmakers ask to meet with Cameron

(Newser) - Four US senators are probing the release of the only person convicted of involvement in the Lockerbie bombing, CNN reports. Kirsten Gillibrand, Chuck Schumer, Frank Lautenberg, and Bob Menendez released a letter today requesting a meeting with David Cameron during the British PM's visit to the US this week. Scotland...

Cajuns Wonder If Gulf Spill Is Last Straw
 Cajuns Wonder If 
 Gulf Spill Is Last Straw 
PARADISE LOST?
Jul 19, 2010 2:40 PM CDT

Cajuns Wonder If Gulf Spill Is Last Straw

Many plan to stay till the bitter end, if need be

(Newser) - The sultry, salty soul of Louisiana's Cajun culture is inextricably bound to the rhythm of the waters of the Gulf: The sea provides plentiful food, work, and a lifestyle that has endured since the Cajuns settled there in the 1700s. But the sea has also been quick to punish, and...

Feds Alarmed by Gulf Seepage
 Feds Alarmed by Gulf Seepage 
Jul 19, 2010 2:45 AM CDT

Feds Alarmed by Gulf Seepage

Fears that capped oil may be leaking out elsewhere

(Newser) - The new discovery of seepage near the plugged BP well has alarmed federal officials who have warned the company to rigorously monitor the seabed. BP must be prepared to reopen the well immediately if scientists find evidence of spin-off leakage near the oil cap, according to a testy official apparently...

Gulf Coast Residents Doubt Leak Is Plugged

Victims skeptical of oil giant's big news

(Newser) - Many Gulf Coast residents don't believe it. Some accuse BP of making it up. And even those convinced that the oil leak has finally been stopped are tempered in their relief, aware that their environmental nightmare is far from over. "It's a beautiful thing that it's shut off,"...

Did BP Push to Have Lockerbie Bomber Released?

(Newser) - With BP about to begin drilling for oil in Libya's Gulf of Sidra, Sen. Frank Lautenberg has urged the British government to investigate whether BP a hand in securing the release of the Lockerbie bomber in order to help close the oil deal. Kirsten Gillibrand, Charles Schumer, and Bob Menendez...

New Containment Cap Reaches Oil Well
 New Containment Cap 
 Reaches Oil Well 
UPDATED
Jul 12, 2010 6:57 PM CDT

New Containment Cap Reaches Oil Well

Feds revise deepwater drilling ban

(Newser) - A new containment cap has just moved into position atop the ruptured oil well beneath the site of the Deepwater Horizon disaster, and officials are taking a wait-and-see attitude about the new equipment, MSNBC reports. "Until we have the cap on, securely fitted in place, and know it's operating...

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