BP Plc, with billions of dollars at stake, seeks to lower payments from its partial Gulf of Mexico oil spill settlement by persuading a federal appeals court to order stricter standards for evaluating claims.
Royal Dutch Shell Plc will be able to support oil output from the 2020s after winning an auction with its partners for the Libra field, Brazil’s biggest crude discovery, according to Sanford C. Bernstein & Co.
BG Group Plc rose to the highest in more than three months in London after analysts said the U.K.’s third-largest gas company could become a takeover target after the chief executive officer’s surprise resignation.
U.S. prosecutors are preparing what would be the first criminal charges against BP Plc staff after the worst U.S. oil spill last year, the Wall Street Journal reported, citing unidentified people familiar with the matter.
OAO Rosneft, Russia’s state oil company, is the leading contender to buy BP Plc’s 50 percent stake in TNK-BP as the U.K. explorer looks to exit the venture that’s provided $19 billion in dividends since 2003.