BP faces ‘reset phase’ – also known as a serious problem
BP is by no means on the brink – but the fall in the price of oil, combined with profits down for the last quarter of 2014, confirm that the company has problems.
BP is by no means on the brink – but the fall in the price of oil, combined with profits down for the last quarter of 2014, confirm that the company has problems.
As the prime minister rues the kidnapping of British gas workers in “one of the most remote places in the world”, Channel 4 News looks at the life of a typical expat oil and gas executive.
Oil giant BP agrees to pay a $4.5bn (£2.8bn) settlement to authorities over the 2010 oil spill in the Gulf of Mexico off the US coast.
Jobs are at risk and petrol supplies in the south east could be hit as the Coryton oil refinery stops production. But the energy minister tells Channel 4 News talk of panic buying is premature.
Oil company BP has asked contractor Halliburton to pay all of its billions of pounds of costs over the Deepwater Horizon catastrophe.
David Cameron has given BP permission to begin a new £4.5bn oil project west of the Shetland Islands. BP says the investment will end a “decade of decline” in the industry.
Chancellor George Osborne signals he will use the budget to cancel the planned increase in fuel duty. Meanwhile Labour’s Ed Miliband warns that families will be hardest hit by the cuts.
Libya becomes the first member state to be suspended by the UN Human Rights Council after a day of tension and the prospect of military action and civil war, as our Correspondents in Libya report.
New documents published today show that the previous Labour government did “all it could” to help Libya secure the release of Lockerbie bomber Abdelbaset al-Megrahi.
BP reports its first annual loss in nearly 20 years after the Gulf of Mexico oil spill. But as Siobhan Kennedy reports, the disaster has not stopped BP renewing its focus on deep sea exploration.
Our Economics Editor reports from Davos on the news conference with the world’s oil giants.
State-owned Russian oil giant Rosneft has taken a 5 per cent stake in BP, in the first major deal for BP since the Gulf of Mexico oil spill disaster, as Siobhan Kennedy writes.
The Deepwater Horizon oil spill in the Gulf of Mexico could have been avoided and was partly caused by short cuts and cost-cutting measures by BP and other companies, a scathing inquiry finds.
A general election, a World Cup, an “environmental 9/11”, the biggest secret files leaks in history and news of a royal wedding. Channel 4 News looks back at the winners and losers in a hectic year.
The US government is to sue BP and several of its partners for costs and damages in a bid to recover billions of dollars after the Gulf of Mexico oil spill disaster.