BP sets out Gulf of Mexico costs
BP has taken a pre-tax charge of US$ 32.2 billion for the Gulf of Mexico oil spill, including the US$ 20 billion escrow compensation fund previously announced.
BP has taken a pre-tax charge of US$ 32.2 billion for the Gulf of Mexico oil spill, including the US$ 20 billion escrow compensation fund previously announced.
Macarthur Coal has been forced to cancel a AU$ 110 million deal with CITIC Resources over a coal joint venture, as it has failed to secure waivers of pre-emptive rights from all minority participants.
BP has announced that Tony Hayward is to step down as group Chief Executive with effect from 1 October, 2010. He will be succeeded as of that date by fellow Executive Director Robert Dudley.
PetroAlgae have signed a three year offtake agreement with Eco-Frontier to supply biocrude from its licensees.
The University of Aberdeen and global energy group Halliburton have signed a strategic partnership agreement.
Murphy Oil will sell three oil refineries and focus on its upstream and retail businesses in the US.