A former BP employee will pay to settle allegations of insider-trading during the 2010 Deepwater Horizon oil spill, U.S. regulators said.» Read More
*Western oil majors sticking with Russia projects. MOSCOW, April 24- President Vladimir Putin said on Thursday that Ukraine- related sanctions were hurting Russia while one of his ministers said foreign oil and gas companies that quit the country would not be able to return soon.
DETROIT— The cost of recalling nearly 7 million cars and trucks sank General Motors' first-quarter profit, but the company's CEO said the much-publicized recalls have yet to cut into sales. The Detroit automaker is facing government investigations and civil lawsuits over the small-car recall.
BIROBIDZHAN, Russia, April 24- Russia warned foreign companies working in the oil and gas sector that if they quit the country over Ukraine- related sanctions, they would not be able to return any time soon.
BP PLC fell$. 23 or. 5 percent, to $48.81. ConocoPhillips fell$. 15 or. 2 percent, to $74.02. Exxon Mobil Corp. rose$. 13 or. 1 percent, to $100.50.
BP PLC fell$. 10 or. 2 percent, to $48.94. ConocoPhillips rose$. 03 or percent, to $74.20. Exxon Mobil Corp. rose$. 38 or. 4 percent, to $100.75.
BP PLC fell$. 21 or. 4 percent, to $48.83. ConocoPhillips rose$. 02 or percent, to $74.19. Exxon Mobil Corp. rose$. 38 or. 4 percent, to $100.75.
HOUSTON, April 22- The high-stakes penalty phase of BP's trial over its role in the 2010 U.S. Fines under the Clean Water Act could top $17 billion, an amount more than BP's profit in 2013, which after items was $13.4 billion.
BP, which is one of the largest oil producers in Alaska, said the sale included BP's interests in the Endicott and Northstar oilfields and a 50 percent interest in each of the Liberty and the Milne Point fields. BP- operated oil fields account for two-thirds of all Alaska production.
CAIRO, April 22- Egypt will pay about $1 billion of the money it owes to foreign oil companies within the next two months, the state's MENA news agency said, quoting Oil Minister Sherif Ismail. Egypt says it owes some $6.3 billion to those companies.
April 22- General Motors Co filed a motion in a U.S. court to enforce a bar on lawsuits stemming from ignition defects in cars sold before its 2009 bankruptcy as it fights proposed class action litigation that seeks to set aside the restriction.
DETROIT— General Motors Co. and a battalion of trial lawyers are preparing for an epic court fight over whether GM is liable for the sins of its corporate past.
JUNEAU, April 21- Alaska's legislature on Monday approved Governor Sean Parnell's plan to join four energy companies in moving ahead on plans to build infrastructure to transport and market 35 trillion cubic feet of North Slope gas to be shipped by an 800- mile pipeline to a liquefied natural gas export plant.
BP PLC rose$. 15 or. 3 percent, to $49.03. ConocoPhillips fell$. 17 or. 2 percent, to $74.60. Exxon Mobil Corp. rose$. 51 or. 5 percent, to $100.93.
BP PLC rose$. 18 or. 4 percent, to $49.06. ConocoPhillips rose$. 08 or. 1 percent, to $74.85. Exxon Mobil Corp. rose$. 25 or. 2 percent, to $100.67.
April 21- Halliburton Co, the world's No.2 oilfield services provider, expects margins to improve in North America after being depressed for two years as companies step up spending to drill and complete wells.
BP PLC rose$. 08 or. 2 percent, to $48.96. ConocoPhillips rose$. 02 or percent, to $74.79. Exxon Mobil Corp. fell$. 26 or. 3 percent, to $100.16.
April 21- Halliburton Co, the world's No.2 oilfield services company, forecast a 25 percent jump in earnings in the current quarter, helped by a recovery in margins in North America and growth in overseas markets. The company, traditionally dominant in the United States, has been making a big push into international markets to combat weakness in North America.
April 21- Halliburton Co, the world's No. 2 oilfield services company, reported better-than-expected quarterly results, helped by robust drilling activity in Russia, Saudi Arabia and Angola. Halliburton, traditionally dominant in the United States, has been making a big push into international markets to combat weakness in North America.
DALLAS— Halliburton made money in the first quarter on rising revenue in the Middle East and Asia, and the CEO said Monday that he sensed an upturn in the North American market. Earnings and revenue topped expectations and Halliburton reversed course after a loss a year ago, when results were hurt by charges related to the huge 2010 Gulf of Mexico oil spill.
*BP pays billions in compensation but some claims still unpaid. April 18- Four years after the Deepwater Horizon spill, oil is still washing up on the long sandy beaches of Grand Isle, Louisiana, and some islanders are fed up with hearing from BP that the crisis is over.