Posts Tagged ‘justice’

BP gets its life back

by on November 15, 2012 5:15 pm GMT
BP gets its life backSAN FRANCISCO (MarketWatch) - Two years after a deadly combination of incompetence and negligence sank the Deepwater Horizon oil rig, after unleashing the worst oil spill ever in U.S. waters, after nearly going bankrupt, BP got its life back.It wasn't cheap. Including the $4.5 billion

BP to admit to misconduct in Gulf spill

by on November 15, 2012 4:20 am GMT
The sources, who spoke to Reuters on condition of anonymity, said that BP would plead guilty in exchange for a waiver of future prosecution on the charges.BP and the Justice Department declined to comment, the news wire reported.BP has been locked in months-long negotiations with the US

BP surges on profit rise

by on October 30, 2012 8:01 am GMT
The UK supermajor, which has just agreed a huge sale of its Russian joint venture stake to Rosneft, managed to weather the storm of Hurricane Isaac which somewhat negated positives in the upstream sector.Net profit for the three months to the end of September was $5.5 billion as against

Snamprogetti cleared in Nigeria bribery case

by on September 19, 2012 7:47 am GMT
The decision effectively brings to an end criminal proceedings against the company after it earlier agreed to pay a penalty of $365 million to settle criminal and civil charges against it, with the help of former parent Eni.Snamprogetti had been charged along with other members of the TSKJ consortium