Latest BP Plc News

Court seems ready to curb claims over Montana Superfund site

Dec. 3, 2019 4:34 PM EST

WASHINGTON (AP) — The Supreme Court seemed inclined Tuesday to rule that Montana homeowners who are seeking additional cleanup of arsenic left over from years of copper smelting need the permission of the Environmental Protection Agency. That outcome would be a loss for the homeowners and a win for...

BP sells Colorado gas and oil field stake to European firm

Nov. 27, 2019 4:36 PM EST

DURANGO, Colo. (AP) — BP American Production Co. says it has sold its stake in a Colorado natural gas and oil field to a European company. The Durango Heralds reports the energy company agreed to a sale of its San Juan Basin assets to IKAV for an undisclosed amount. The IKAV website indicates the company...

ConocoPhillips seeking sales of Alaska assets

Nov. 22, 2019 9:12 AM EST

ANCHORAGE, Alaska (AP) — ConocoPhillips hopes to sell parts of its Alaska projects to offset risks and share the expenses of investments planned in the state, company officials said. The sale package includes old, new and unbuilt projects representing most of Conoco’s Alaska holdings,...

Opposition emerges to proposed North Slope oil project

Nov. 21, 2019 9:55 AM EST

ANCHORAGE, Alaska (AP) — A proposed Alaska oil production project is facing opposition from a nearby village, with some people expressing concern it could affect hunting and fishing. Planning commissioners in the North Slope village of Nuiqsut declined to support a rezoning proposal for the so-called...

Alaska extends public comment period for BP sale to Hilcorp

Nov. 20, 2019 9:38 AM EST

ANCHORAGE, Alaska (AP) — Alaska regulators have granted a second extension for public comment on the sale of BP’s North Slope assets to Hilcorp Energy Co., officials said. The Regulatory Commission of Alaska announced an extension through Dec. 13, KTVA-TV reported Monday. The Alaska House and Senate...

Saudi Aramco seeks record-setting IPO with value up to $1.7T

Nov. 17, 2019 1:12 PM EST

DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-owned oil giant Aramco announced Sunday it will sell a 1.5% stake in the company as it looks to raise as much as $25.6 billion from the sale, potentially becoming the most-valuable initial public offering in history. The newly released figures...

Mississippi Governor: $53M in coastal restoration projects

Nov. 15, 2019 7:14 PM EST

JACKSON, Miss. (AP) — Mississippi’s governor has announced more than $53 million in projects to help coastal communities recover from BP’s 2010 Gulf of Mexico oil spill. Money for the 15 projects is coming from civil or criminal penalties resulting from the spill. “I am proud of the...

Alaska official says BP sale of Alaska assets to advance

Nov. 14, 2019 3:00 PM EST

ANCHORAGE, Alaska (AP) — An Alaska state official says the Federal Trade Commission will let BP’s planned sale of its Alaska oil assets to Hilcorp Alaska advance. The Anchorage Daily News reports the FTC had no antitrust concerns with the $5.6 billion deal. The information was disclosed in a Tuesday...

Oil company seeks to keep records closed in Alaska buyout

Nov. 11, 2019 9:20 AM EST

ANCHORAGE, Alaska (AP) — Some Alaskans are calling for greater financial transparency from Hilcorp Energy Co., the company seeking to buy BP's North Slope assets, officials said. Hilcorp asked the Regulatory Commission of Alaska to allow recent years of financial records to remain confidential, The...

Saudi Arabia formally starts IPO of oil firm Saudi Aramco

Nov. 3, 2019 7:33 AM EST

DHAHRAN, Saudi Arabia (AP) — Saudi Arabia formally began an initial public offering Sunday of a sliver of oil giant Saudi Aramco after years of delay, hoping international and local investors will pay billions of dollars for a stake in the kingdom's crown jewels. An approval by Saudi Arabia's Capital...