BP has reached settlements with the plaintiffs over economic, medical and property claims brought about by the 2010 Gulf of Mexico oil spill: the total amount of compensation due to be paid is US$ 7.8 billion.
Despite international criticism and threats of economic retaliation, the Argentinian government has pressed on with its nationalisation of YPF, leaving the former owner Repsol with just a 6% share.
In a sudden escalation of rhetoric in the ongoing conflict between the two countries, Sudan’s President Omar Hassan al-Bashir declared that his country’s main goal is to liberate southern citizens from the SPLM.
Red Leaf and Total have formed a joint venture to test the viability of a new oil shale exploration technology in Utah.
Santos Q1 results show a production increase of 13% and an increase in revenue of 50%.