Job cuts a result of previously announced sale of interests in four Alaska oil fields to Hilcorp Energy Co.
Prosecutors claim the engineer deleted text messages to and from a supervisor and a BP contractor to hamper a grand jury’s investigation
Natural Resources Commissioner Joe Balash said the administration is considering a potential equity stake of 20 per cent to 30 per cent
Oil giant seeking injunction that would lift EPA order suspending BP from new federal contracts
The company that caused to most damaging oil disaster in history said it shouldn’t have to bear the risk of improperly filed claims.
BP estimates it will pay roughly $7.8-billion to resolve more than 100,000 claims through settlement
Agreed to pay $400-million in criminal penalties, plead guilty to violating Clean Water Act
Majority of settlement will fund environmental restoration projects, spill-prevention research and training
Unloading 34.3 per cent stake in Yacheng gas field, which began producing in 1996, for $308-million
BP will also plead guilty to lying to Congress about how much oil was spewing from the well.