Robert Dudley News
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The U.S. dropped the biggest prosecution of individuals accused of foreign bribery after two trials in the case ended with three acquittals and seven mistrials.
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Profits for the biggest U.S. energy producers including Exxon Mobil Corp. are poised to decline the most since the financial meltdown of 2008-09 as the drilling technique known as fracking collapses natural gas prices.
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BP Plc, Transocean Ltd. and others involved in the operation of the Deepwater Horizon rig that exploded in the Gulf of Mexico in 2010, agreed to settle a lawsuit filed by a worker injured in the blast.
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Mitsui & Co.’s MOEX Offshore 2007 LLC will pay $90 million to the U.S. and five states to settle pollution violations related to 2010 Gulf of Mexico oil spill while BP Plc and its drilling fluid provider for the Macondo well agreed to dismiss claims against each other.
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BP Plc must face fraud claims by investors who said the company lied before and after the 2010 Gulf of Mexico oil spill about its accident response capability, a federal judge said.
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California and New York, along with Florida, agreed to join more than 40 other states in a nationwide settlement 16 months in the making that seeks to end abusive bank foreclosure practices that followed the collapse of the housing bubble, a person familiar with the matter said.
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BP Plc is negotiating with U.S. officials to settle pollution claims over the 2010 Gulf of Mexico oil spill that may leave the company liable for as much as $17.6 billion in fines, a person familiar with the talks said.
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BP Plc, Europe’s second-biggest oil company, raised its dividend after earnings beat analyst estimates on higher crude prices.
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Billionaire Mukesh Ambani’s Reliance Industries Ltd. is set to miss partner BP Plc’s target for raising output from India’s biggest natural gas field by at least one year because the government hasn’t approved its plans, three people with direct knowledge of the matter said.
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Robert Dudley’s biggest challenge at BP Plc will be to ensure the London-based company’s survival in the U.S., where it’s the largest oil and gas producer.
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