Latest BP Plc News

FILE - In this March 9, 2010, file photo a tanker truck passes the Chevron oil refinery in Richmond, Calif. A federal appeals court ruled Tuesday, May 26 against major oil companies in lawsuits brought by California cities and counties seeking damages for the impact of climate change. A panel of the 9th U.S. Circuit Court of Appeals said state courts are the proper forum for the lawsuits alleging that Big Oil promoted petroleum as environmentally responsible when producers knew it was causing damage. (AP Photo/Paul Sakuma, File)

Big Oil loses appeal, climate suits go to California courts

May. 26, 2020 7:40 PM EDT

LOS ANGELES (AP) — Big Oil lost a pair of court battles Tuesday that could lead to trials in lawsuits by California cities and counties seeking damages for the impact of climate change. The 9th U.S. Circuit Court of Appeals rejected arguments by energy companies and ruled state courts are the proper forum...

Alaska LNG Project receives federal regulatory approval

May. 22, 2020 9:48 AM EDT

ANCHORAGE, Alaska (AP) — The Federal Energy Regulatory Commission issued a decision authorizing construction of the Alaska LNG Project, concluding an environmental impact statement process of more than three years. The commission announced Thursday it approved the state's plans for the estimated $43...

Montana officials vote to pursue Superfund cleanup agreement

May. 21, 2020 4:57 PM EDT

BUTTE, Mont. (AP) — County commissioners in Montana endorsed a plan for future mine pollution cleanup efforts and responsibilities at a Superfund site. The Butte-Silver Bow Council of Commissioners voted Wednesday to authorize Chief Executive Dave Palmer to forward a signed agreement to the U.S. Department...

Lawyer disbarred for spending couple's BP oil spill money

May. 20, 2020 7:59 AM EDT

NEW ORLEANS (AP) — A New Orleans lawyer who spent a portion of her clients' BP oil spill settlement money was permanently disbarred from practicing law in Louisiana. Akello Patrice Dangerfield represented a couple who received $506,000 after the 2010 Deepwater Horizon spill, The Advocate reported. When the...

FILE In this April 21, 2020 file photo, a pumpjack is pictured as the sun sets in Oklahoma City.  Google says it won’t build custom artificial intelligence tools for speeding up oil and gas extraction, taking an environmental stance that distinguishes it from cloud computing rivals Microsoft and Amazon.  The announcement followed a Greenpeace report on Tuesday, May 19,  that documents how the three tech giants are using AI and computing power to help oil companies find and access oil and gas deposits in the U.S. and around the world. (AP Photo/Sue Ogrocki File)

Google says it won't build AI tools for oil and gas drillers

May. 19, 2020 2:07 PM EDT

Google says it will no longer build custom artificial intelligence tools for speeding up oil and gas extraction, separating itself from cloud computing rivals Microsoft and Amazon. A statement from the company Tuesday followed a Greenpeace report that documents how the three tech giants are using AI and...

In this Thursday, April 30, 2020, photo traffic moves along Interstate 10 near downtown Houston. Like in other cities, the coronavirus has shut down much of Houston's economic activity, slashing thousands of jobs, while at the same time, the price of oil plunged below zero recently as demand plummeted due to the worldwide lockdown to stop the spread of the virus. This one-two punch from COVID-19 and the collapse in oil prices will make it much harder for Houston to recover from a looming recession, according to economists. (AP Photo/David J. Phillip)

Houston confronts one-two punch of COVID-19 and oil bust

May. 6, 2020 1:46 PM EDT

HOUSTON (AP) — When you’re known as the energy capital of the world, oil busts are nothing new. But Houston now finds itself in uncharted territory — grappling with an oil downturn in the middle of a pandemic. Like in other cities, the coronavirus has shut down much of Houston’s...

Oil firms renew request to shield finances in Alaska deal

May. 6, 2020 1:07 PM EDT

ANCHORAGE, Alaska (AP) — Two oil companies renewed a request for Alaska regulators to protect the financial information of Hilcorp Energy Co., in its proposed $5.6 billion purchase of BP Alaska assets in the state. Hilcorp wants the Regulatory Commission of Alaska to shield its finances from public...

‘Another punch in the gut’: Shrimpers navigate pandemic

May. 2, 2020 12:01 AM EDT

DULAC, La. (AP) — David Chauvin of Dulac has worked in the shrimp business since 1986, the year he graduated from high school. His father, grandfather and great grandfather also fished the waters off Louisiana’s Cajun coast. Gulf Coast shrimpers, who bring in three quarters of the nation’s...

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, April 29, 2020. Asian stock markets gained Wednesday after France and Spain joined governments that plan to ease anti-virus controls and allow businesses to reopen. (AP Photo/Ahn Young-joon)

Asian stocks gain after France, Spain unveil reopening plans

Apr. 28, 2020 11:47 PM EDT

BEIJING (AP) — Asian stock markets gained Wednesday after France and Spain joined governments that plan to ease anti-virus controls and allow businesses to reopen. Benchmarks in Shanghai, Hong Kong, Sydney and Southeast Asia advanced. Japanese markets were closed for a holiday. Wall Street retreated...

FILE - In this April 1, 2020, file photo, several dozen mothballed Delta Air Lines jets are parked at Kansas City International Airport in Kansas City, Mo.  Investors are now getting their first look at companies navigating the coronavirus pandemic. A clearer snapshot of the business landscape should start to formulate by keeping an eye on the busiest week of the earnings season as many companies are reporting earnings on Tuesday, April 28. (AP Photo/Charlie Riedel, File)

Earnings season is in full swing and uncertainty is certain

Apr. 28, 2020 7:50 PM EDT

The most active week of the earnings season is on and the rush of quarterly reports Tuesday, 39 in all, captured the maneuvering of companies from almost every sector as they feel their way through an unprecedented economic shockwave. Companies are being affected in different ways but if there's a common theme,...