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Militants Seize Hostages at Algerian Oil Site

Posted January 16th, 2013 at 6:55 am (UTC-5)
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Islamist militants in southern Algeria have attacked a facility run by British oil company BP, taking several hostages. Diplomats and security officials say the militants seized at least six hostages early Wednesday, including Japanese, British and Norwegian nationals. The officials say the Algerian army is launching an operation at the site. BP says in a […]

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US Suspends Oil Giant BP From New Federal Bids

Posted November 28th, 2012 at 7:50 pm (UTC-5)
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The United States has suspended British oil giant BP from bidding on any new federal contracts, in response to the company’s performance during the deadly 2010 drilling catastrophe in the Gulf of Mexico. In a statement Wednesday, the U.S. Environmental Protection Agency said it took the action “due to BP’s lack of business integrity as […]

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US Accuses BP of ‘Gross Negligence’ in Deadly 2010 Oil Spill

Posted September 5th, 2012 at 12:40 pm (UTC-5)
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The U.S. is accusing the oil giant BP of “gross negligence” in the 2010 explosion of an oil rig in the Gulf of Mexico that killed 11 workers. The British oil company has already agreed to pay nearly $8 billion to settle damage claims made by fishermen and other private interests in the aftermath of […]

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Engineer Arrested in BP Oil Spill Case

Posted April 24th, 2012 at 5:50 pm (UTC-5)
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The U.S. Justice Department says a former engineer for the oil giant BP has been arrested on charges of intentionally destroying evidence related to the massive 2010 Gulf of Mexico oil spill. Authorities said in a statement that 50-year-old Kurt Mix from Texas was arrested Tuesday and charged with two counts of obstruction of justice. […]

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Engineer Arrested in BP Oil Spill Case

Posted April 24th, 2012 at 3:25 pm (UTC-5)
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The U.S. Justice Department says a former engineer for the oil giant BP has been arrested on charges of intentionally destroying evidence related to the 2010 oil rig explosion and massive spill in the Gulf of Mexico that killed 11 workers. Authorities said in a statement that 50-year-old Kurt Mix from Texas was arrested Tuesday […]

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BP Finalizes Settlement Deal for Gulf Oil Spill

Posted April 18th, 2012 at 11:45 am (UTC-5)
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Oil giant BP says it has finalized a multi-billion dollar agreement with fishermen and other private plaintiffs who sued over the 2010 Gulf of Mexico oil spill. The London-based company released a statement Wednesday saying it still estimates the cost of the settlement will be around $7.8 billion. The money will come out of a […]

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Negotiators Trying to Settle BP Oil Spill Damages

Posted February 25th, 2012 at 12:05 pm (UTC-5)
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Negotiators for the U.S. government and victims of the devastating 2010 BP oil spill in the Gulf of Mexico are making a last-minute effort to resolve the massive damage case against the British oil giant. A trial about who is responsible — and to what degree — for the worst offshore oil spill in U.S. […]

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BP Recorded 2011 Profit, but Faces Oil Spill Trial

Posted February 7th, 2012 at 12:05 pm (UTC-5)
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British oil giant BP says it made nearly $40 billion in profits last year even as it prepares for the opening of a massive trial later this month about damages that resulted from the company’s 2010 oil rig explosion off the southern U.S. coastline. With higher oil prices through much of last year, BP chief […]

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BP Gets Go-Ahead to Drill Again in Gulf

Posted October 26th, 2011 at 3:05 pm (UTC-5)
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U.S. regulators are giving British-based oil company BP permission to resume deepwater drilling in the Gulf of Mexico. The Bureau of Safety and Environmental Enhancement said Wednesday it has approved BP’s plans to drill in the so-called Kaskida field, about 396 kilometers south of Lafayette, Louisiana. The agency said, in a statement, that BP had […]

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US Says BP Can Drill Again in Gulf of Mexico

Posted October 21st, 2011 at 3:45 pm (UTC-5)
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British oil giant BP has won U.S. approval to restart drilling in the Gulf of Mexico, 18 months after one of its wells exploded in the worst American oil spill and killed 11 workers. The U.S. government said Friday that BP could drill up to four wells in 1,800-meter deep Keathley Canyon. The site is […]

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