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BP PLC

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  • WASHINGTON, June 29- The U.S. Supreme Court on Monday rejected bids by BP Plc and Anadarko Petroleum Corp to avoid penalties under federal pollution law in connection with the 2010 Gulf of Mexico oil spill. The high court left in place a June 2014 ruling by the New Orleans- based 5th U.S. Circuit Court of Appeals, which said the companies were liable for civil...

  • WASHINGTON, June 29- The U.S. Supreme Court on Monday rejected bids by BP Plc and Anadarko Petroleum Corp to avoid penalties under federal pollution law in connection with the 2010 Gulf of Mexico oil spill.

  • NEW ORLEANS— The Supreme Court won't hear appeals from BP and Anadarko Petroleum Corp. over Clean Water Act fines for the 2010 Gulf of Mexico oil spill. The justices on Monday let stand a lower court ruling that said the owners of the blown-out Macondo well could not avoid federal fines for the spill by blaming another company's failed equipment.

  • June 25- Penn Virginia Corp's shares rose as much as 23 percent on Thursday following a report that BP Plc had offered to buy the U.S. oil and gas producer for $8 per share. The offer, which values the company at about $573 million, represents an 80 percent premium to Penn Virginia's Wednesday close of $4.45. Penn Virginia has rejected the offer, saying it undervalues...

  • Penn Virginia shares rise on report of BP offer Thursday, 25 Jun 2015 | 12:45 PM ET

    June 25- Penn Virginia Corp's shares rose as much as 15.5 percent on Thursday following a report that BP Plc had offered to buy the U.S. oil and gas producer for $8 per share. The offer, which values the company at about $573 million, represents an 80 percent premium to Penn Virginia's Wednesday close of $4.45. Penn Virginia has rejected the offer saying it...

  • CHICAGO, June 24- FOR LET: 36,000 square-foot cave in central Chicago. When CME Group Inc's futures pits in the cavernous trading floor at the Chicago Board of Trade building fall quiet next month, real estate broker Holly Duran will be working overtime to find a tenant to occupy a storied piece of America's financial history. Prospective candidates could...

  • June 18- PBF Energy Inc agreed to pay $322 million to acquire the 189,000- barrel-per-day Chalmette oil refinery in Louisiana and related assets from Exxon Mobil Corp and Venezuela's national oil company, Petroleos de Venezuela SA. The purchase marks PBF's entrance into the U.S. Gulf Coast, where it had lost out on a bid in 2011 for Texas City Refinery, then owned...

  • UPDATE 4-Tropical Storm Bill soaks Texas coast Tuesday, 16 Jun 2015 | 6:27 PM ET

    HOUSTON, June 16- Tropical Storm Bill hit the Texas coast with strong rains and high winds on Tuesday though no serious injuries were reported, relieving officials and residents just three weeks after floods killed about 30 people in the state. "This is a rain event," Houston Mayor Annise Parker said at a news conference. Despite the weakening storm system,...

  • UPDATE 3-Tropical Storm Bill pelts Texas coast Tuesday, 16 Jun 2015 | 3:58 PM ET

    HOUSTON, June 16- Tropical Storm Bill punched the Texas coast with heavy rains and strong winds on Tuesday, the National Weather Service said, just three weeks after floods killed about 30 people in the state. Forecasters cautioned that tornadoes were possible across much of Texas. The watch area included Houston and central Texas, where floods over Memorial Day...

  • HOUSTON, June 15- A tropical disturbance packing heavy rains in the Gulf of Mexico was slated to drench the coast of Texas just weeks after floods killed about 30 people in the state, the National Weather Service said. Flash flood watches were in effect for central Texas and in the Houston area, regions where flooding last month turned streets into rivers,...

  • HOUSTON, June 14- Leading Gulf of Mexico oil producer Shell Oil Co, the U.S. arm of Royal Dutch Shell Plc, said it was removing non-essential workers from offshore platforms as a precautionary measure ahead of a low-pressure storm system given an 80 percent chance of becoming a tropical cyclone in the next 48 hours. The U.S. National Hurricane Center has warned that...

  • June 11- A divided federal appeals court on Thursday rejected an effort by a coalition of environmental groups to revoke federal approval of Royal Dutch Shell Plc's oil spill response plans related to drilling on Alaska's remote Arctic coast. By a 2-1 vote, the 9th U.S. Circuit Court of Appeals said the Bureau of Safety and Environmental Enforcement, which is...

  • June 11- A divided federal appeals court on Thursday rejected an effort by a coalition of environmental groups to revoke federal approval of Royal Dutch Shell Plc's oil spill response plans related to drilling on Alaska's remote Arctic coast. By a 2-1 vote, the 9th U.S. Circuit Court of Appeals said the Bureau of Safety and Environmental Enforcement, which is...

  • NEW YORK, June 7- Confectionery company Mars Inc has joined oil companies BP Plc and Royal Dutch Shell Plc to oppose planned new European financial market regulations, arguing that they would increase volatility and reduce liquidity in raw materials markets, according to a report by the Financial Times on Sunday. The companies, along with the European Cocoa...

  • Expect OPEC to stay on course: BP CEO Wednesday, 3 Jun 2015 | 1:15 AM ET
    Expect OPEC to stay on course: BP CEO

    BP CEO, Bob Dudley, tells CNBC he expects OPEC to stay on its course, despite likely internal debate between its members.

  • BP not susceptible to takeover: BP CEO Wednesday, 3 Jun 2015 | 1:15 AM ET
    BP not susceptible to takeover: BP CEO

    BP CEO, Bob Dudley, tells CNBC his company is "deeply viable" and that he sees "nothing but potential" in their balance sheets.

  • NEW YORK, June 3- Canada's Come By Chance refinery, located on the eastern island of Newfoundland, has bought Nigerian oil for the first time in at least a decade, the latest addition to the facility's diverse crude slate, according to Reuters customs data. The crude's relatively cheap price has drawn interest from the 115,000 barrel-per-day Come By Chance...

  • BP CEO: We're not a takeover target Tuesday, 2 Jun 2015 | 8:23 PM ET
    BP CEO: We're not a takeover target

    Bob Dudley, CEO of BP, says the oil giant remains a "deeply viable company" and is not susceptible to a takeover.

  • BP CEO: Shale gas revolution is 'very painful' Tuesday, 2 Jun 2015 | 6:46 PM ET
    BP CEO: Shale gas revolution is 'very painful'

    Bob Dudley, CEO of BP, says the shale gas revolution will be "very painful for many parts of the world," with the U.S. potentially the globe's new swing producer.

  • The joint declaration issued by six European oil and gas majors was cautiously embraced by the United Nations, which will host negotiations this December in Paris aimed at designing a plan to cut the fossil fuel emissions that scientists blame for rising temperatures. Total SA, Statoil, BP Plc, Royal Dutch Shell Plc, Eni and BG Group Plc called for "decisive action"...